Thompson Davis & CO. Inc. increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 95.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,610 shares of the computer hardware maker’s stock after acquiring an additional 788 shares during the period. Thompson Davis & CO. Inc.’s holdings in NVIDIA Corporation were worth $288,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. grew its holdings in shares of NVIDIA Corporation by 2.2% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 218,952 shares of the computer hardware maker’s stock worth $39,142,000 after acquiring an additional 4,760 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of NVIDIA Corporation by 19.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 601,575 shares of the computer hardware maker’s stock worth $107,544,000 after acquiring an additional 99,105 shares during the period. Investment House LLC acquired a new stake in shares of NVIDIA Corporation in the 3rd quarter worth approximately $206,000. Macguire Cheswick & Tuttle Investment Counsel LLC grew its holdings in shares of NVIDIA Corporation by 33.3% in the 3rd quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 3,200 shares of the computer hardware maker’s stock worth $572,000 after acquiring an additional 800 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of NVIDIA Corporation in the 3rd quarter worth approximately $405,000. Institutional investors and hedge funds own 65.59% of the company’s stock.
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NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share.
A number of equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA Corporation in a report on Sunday, August 13th. Stifel Nicolaus restated a “hold” rating and issued a $110.00 price target on shares of NVIDIA Corporation in a report on Friday, August 11th. Instinet restated a “reduce” rating and issued a $110.00 price target (up previously from $90.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 price target on the stock. in a report on Tuesday, August 15th. Finally, MKM Partners restated a “neutral” rating and issued a $120.00 price target (up previously from $106.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $162.12.
In related news, EVP Debora Shoquist sold 33,498 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 22,808 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The disclosure for this sale can be found here. Insiders have sold 452,784 shares of company stock valued at $81,437,724 in the last ninety days. 5.82% of the stock is owned by company insiders.
NVIDIA Corporation Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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