Perigon Wealth Management LLC Has $1.04 Million Position in NVIDIA Co. (NVDA)

Perigon Wealth Management LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,688 shares of the computer hardware maker’s stock after selling 263 shares during the period. Perigon Wealth Management LLC’s holdings in NVIDIA were worth $1,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Polen Capital Management LLC purchased a new position in NVIDIA during the third quarter valued at $703,155,000. SG Americas Securities LLC lifted its position in shares of NVIDIA by 104.9% in the third quarter. SG Americas Securities LLC now owns 105,055 shares of the computer hardware maker’s stock valued at $29,523,000 after acquiring an additional 2,227,433 shares in the last quarter. FMR LLC lifted its position in shares of NVIDIA by 3.5% in the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock valued at $11,512,019,000 after acquiring an additional 1,656,748 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of NVIDIA by 63.7% in the second quarter. Janus Henderson Group PLC now owns 4,222,049 shares of the computer hardware maker’s stock valued at $1,000,199,000 after acquiring an additional 1,643,689 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of NVIDIA by 18.8% in the second quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock valued at $1,847,847,000 after acquiring an additional 1,234,191 shares in the last quarter. Institutional investors own 66.12% of the company’s stock.

Several equities analysts have recently commented on the company. BidaskClub upgraded NVIDIA from a “sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus restated a “hold” rating and issued a $250.00 price objective (up from $243.00) on shares of NVIDIA in a research report on Friday, August 17th. ValuEngine downgraded NVIDIA from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Raymond James lowered their price objective on NVIDIA from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, November 16th. Finally, Oppenheimer upgraded NVIDIA from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research report on Friday, August 17th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-six have issued a buy rating to the stock. NVIDIA has an average rating of “Buy” and a consensus target price of $260.18.

In other NVIDIA news, insider Michael Byron sold 11,257 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $263.94, for a total transaction of $2,971,172.58. Following the sale, the insider now directly owns 81,414 shares of the company’s stock, valued at $21,488,411.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 11,576 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the sale, the chief financial officer now directly owns 297,482 shares in the company, valued at $79,222,431.42. The disclosure for this sale can be found here. Insiders have sold 113,707 shares of company stock worth $32,347,973 over the last three months. 4.70% of the stock is currently owned by insiders.

Shares of NASDAQ NVDA opened at $163.43 on Friday. The company has a current ratio of 7.08, a quick ratio of 6.20 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a 1-year low of $133.31 and a 1-year high of $292.76. The company has a market cap of $95.99 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 2.29 and a beta of 2.01.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.06). NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. As a group, analysts predict that NVIDIA Co. will post 6.45 EPS for the current fiscal year.

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About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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