Fuller & Thaler Asset Management Inc. Trims Stake in NVIDIA Co. (NVDA)

Fuller & Thaler Asset Management Inc. reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 21.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,572 shares of the computer hardware maker’s stock after selling 2,905 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in NVIDIA were worth $2,971,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Holderness Investments Co. grew its position in shares of NVIDIA by 3.2% during the 2nd quarter. Holderness Investments Co. now owns 6,481 shares of the computer hardware maker’s stock valued at $1,535,000 after acquiring an additional 200 shares during the period. Grimes & Company Inc. lifted its stake in shares of NVIDIA by 9.0% during the 2nd quarter. Grimes & Company Inc. now owns 2,480 shares of the computer hardware maker’s stock valued at $588,000 after buying an additional 205 shares in the last quarter. Charter Trust Co. lifted its stake in shares of NVIDIA by 4.9% during the 2nd quarter. Charter Trust Co. now owns 4,471 shares of the computer hardware maker’s stock valued at $1,059,000 after buying an additional 207 shares in the last quarter. LVW Advisors LLC lifted its stake in shares of NVIDIA by 11.7% during the 2nd quarter. LVW Advisors LLC now owns 2,010 shares of the computer hardware maker’s stock valued at $476,000 after buying an additional 210 shares in the last quarter. Finally, Security National Bank lifted its stake in shares of NVIDIA by 0.9% during the 3rd quarter. Security National Bank now owns 25,118 shares of the computer hardware maker’s stock valued at $7,059,000 after buying an additional 212 shares in the last quarter. 66.12% of the stock is owned by hedge funds and other institutional investors.

NASDAQ NVDA opened at $163.43 on Friday. NVIDIA Co. has a 1 year low of $133.31 and a 1 year high of $292.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.20 and a current ratio of 7.08. The company has a market capitalization of $99.69 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.38 and a beta of 2.01.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) 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 firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. As a group, research analysts forecast that NVIDIA Co. will post 6.45 EPS for the current fiscal year.

NVDA has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and set a $310.00 price target (up from $280.00) on shares of NVIDIA in a research note on Thursday, September 20th. Needham & Company LLC upped their price target on shares of NVIDIA from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 14th. BidaskClub cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 18th. Goldman Sachs Group upped their price target on shares of NVIDIA from $310.00 to $324.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Finally, Bank of America upped their price target on shares of NVIDIA from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and a consensus price target of $260.18.

In other news, CFO Colette Kress sold 11,576 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $266.31, for a total transaction of $3,082,804.56. Following the sale, the chief financial officer now owns 297,482 shares in the company, valued at approximately $79,222,431.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 90,831 shares of the firm’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the sale, the executive vice president now owns 184,001 shares in the company, valued at approximately $53,240,689.35. The disclosure for this sale can be found here. Insiders sold a total of 113,707 shares of company stock worth $32,347,973 over the last quarter. Corporate insiders own 4.70% of the company’s stock.

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NVIDIA Company Profile

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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