Shell Asset Management Co. Has $21.43 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Shell Asset Management Co. lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 31.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,284 shares of the computer hardware maker’s stock after buying an additional 19,227 shares during the period. NVIDIA comprises approximately 0.6% of Shell Asset Management Co.’s portfolio, making the stock its 28th biggest position. Shell Asset Management Co.’s holdings in NVIDIA were worth $21,426,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NVDA. Norges Bank acquired a new stake in NVIDIA during the fourth quarter valued at $1,337,713,000. BlackRock Inc. boosted its position in NVIDIA by 6.1% during the first quarter. BlackRock Inc. now owns 42,753,245 shares of the computer hardware maker’s stock valued at $11,269,755,000 after purchasing an additional 2,439,025 shares during the last quarter. GQG Partners LLC acquired a new stake in NVIDIA during the fourth quarter valued at $572,319,000. Nuveen Asset Management LLC boosted its position in NVIDIA by 41.6% during the fourth quarter. Nuveen Asset Management LLC now owns 5,375,470 shares of the computer hardware maker’s stock valued at $1,264,848,000 after purchasing an additional 1,579,858 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in NVIDIA by 16.9% during the first quarter. Bank of New York Mellon Corp now owns 6,207,761 shares of the computer hardware maker’s stock valued at $1,636,366,000 after purchasing an additional 897,671 shares during the last quarter. 66.68% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on NVDA. Argus lifted their price objective on NVIDIA from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Credit Suisse Group began coverage on NVIDIA in a research report on Thursday. They set an “outperform” rating and a $425.00 price objective for the company. Citigroup lifted their price objective on NVIDIA from $315.00 to $392.00 and gave the company a “buy” rating in a research report on Friday. Sanford C. Bernstein raised their target price on NVIDIA from $360.00 to $415.00 and gave the company an “outperform” rating in a report on Friday. Finally, Wedbush raised their target price on NVIDIA from $340.00 to $420.00 and gave the company an “outperform” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $340.41.

NASDAQ NVDA traded up $10.51 during trading on Friday, reaching $361.52. 17,350,979 shares of the company traded hands, compared to its average volume of 12,223,792. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.13 and a current ratio of 7.67. The stock’s 50 day moving average price is $290.96 and its two-hundred day moving average price is $251.57. The company has a market cap of $220.71 billion, a price-to-earnings ratio of 79.37, a P/E/G ratio of 3.76 and a beta of 1.33. NVIDIA Co. has a 1-year low of $132.60 and a 1-year high of $363.50.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3 billion. NVIDIA had a return on equity of 26.08% and a net margin of 25.60%. The company’s quarterly revenue was up 38.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. Equities research analysts expect that NVIDIA Co. will post 6.29 EPS for the current fiscal year.

In other news, Director Mark A. Stevens sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $261.63, for a total value of $15,697,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James C. Gaither sold 15,669 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $269.41, for a total value of $4,221,385.29. Following the completion of the transaction, the director now directly owns 2,221 shares in the company, valued at $598,359.61. The disclosure for this sale can be found here. Insiders have sold 105,669 shares of company stock worth $27,025,985 over the last ninety days. Company insiders own 4.64% of the company’s stock.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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