Minot DeBlois Advisors LLC Invests $1.91 Million in NVIDIA Co. (NASDAQ:NVDA)

Minot DeBlois Advisors LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,242 shares of the computer hardware maker’s stock, valued at approximately $1,913,000. NVIDIA comprises approximately 1.7% of Minot DeBlois Advisors LLC’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hickory Point Bank & Trust bought a new position in NVIDIA during the fourth quarter worth about $2,272,000. Capital Performance Advisors LLP lifted its holdings in NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after acquiring an additional 9,944 shares in the last quarter. Waddell & Associates LLC lifted its holdings in NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock worth $3,240,000 after acquiring an additional 297 shares in the last quarter. Strategy Asset Managers LLC raised its stake in shares of NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock valued at $7,024,000 after purchasing an additional 405 shares during the period. Finally, Ethos Financial Group LLC raised its stake in shares of NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock valued at $4,312,000 after purchasing an additional 6,241 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 3.2%

Shares of NASDAQ:NVDA opened at $135.50 on Wednesday. The company has a market capitalization of $3.31 trillion, a P/E ratio of 53.33, a P/E/G ratio of 1.76 and a beta of 2.11. The business’s 50 day simple moving average is $114.51 and its 200 day simple moving average is $126.60. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on NVDA. HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Arete Research raised NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Rosenblatt Securities dropped their price target on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. DA Davidson lowered their target price on NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $167.53.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last three months. Insiders own 4.17% of the company’s stock.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.