Edge Wealth Management LLC Has $104,000 Holdings in NVIDIA Co. (NVDA)

Edge Wealth Management LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 516.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 777 shares of the computer hardware maker’s stock after purchasing an additional 651 shares during the quarter. Edge Wealth Management LLC’s holdings in NVIDIA were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Bainco International Investors boosted its holdings in NVIDIA by 1.0% in the 2nd quarter. Bainco International Investors now owns 23,650 shares of the computer hardware maker’s stock valued at $5,603,000 after purchasing an additional 223 shares in the last quarter. FMR LLC boosted its holdings in NVIDIA by 3.5% in the 2nd quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock valued at $11,512,019,000 after purchasing an additional 1,656,748 shares in the last quarter. BB&T Securities LLC boosted its holdings in NVIDIA by 11.1% in the 2nd quarter. BB&T Securities LLC now owns 9,286 shares of the computer hardware maker’s stock valued at $2,199,000 after purchasing an additional 926 shares in the last quarter. Marshall Wace LLP purchased a new stake in NVIDIA in the 2nd quarter valued at approximately $6,082,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in NVIDIA by 71.4% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,400 shares of the computer hardware maker’s stock valued at $569,000 after purchasing an additional 1,000 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors.

Shares of NVIDIA stock opened at $148.83 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76. The company has a market cap of $86.97 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.07 and a beta of 2.05.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. On average, analysts forecast that NVIDIA Co. will post 6.45 EPS for the current fiscal year.

In related news, CFO Colette Kress sold 889 shares of NVIDIA stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $147.91, for a total transaction of $131,491.99. Following the completion of the transaction, the chief financial officer now directly owns 259,912 shares in the company, valued at approximately $38,443,583.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Debora Shoquist sold 6,345 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total value of $858,668.85. Following the transaction, the executive vice president now owns 177,911 shares of the company’s stock, valued at $24,076,695.63. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

A number of brokerages have weighed in on NVDA. BidaskClub lowered NVIDIA from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. B. Riley reiterated a “neutral” rating and set a $190.00 price target (down from $240.00) on shares of NVIDIA in a research report on Friday, November 16th. Oppenheimer reiterated an “outperform” rating and set a $250.00 price target on shares of NVIDIA in a research report on Wednesday. BMO Capital Markets reduced their price target on shares of NVIDIA from $225.00 to $175.00 and set a “market perform” rating for the company in a research report on Friday, November 16th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of NVIDIA in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $255.94.

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NVIDIA 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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