NVIDIA Corporation $NVDA Position Boosted by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,887 shares of the computer hardware maker’s stock after buying an additional 4,116 shares during the period. NVIDIA makes up approximately 3.2% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 3rd biggest holding. University of Texas Texas AM Investment Management Co.’s holdings in NVIDIA were worth $18,737,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the period. Copia Wealth Management bought a new position in NVIDIA during the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter valued at $51,000. Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management bought a new position in NVIDIA during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% 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, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock worth $902,886,782 in the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 1.1%

Shares of NVDA stock opened at $181.77 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a market capitalization of $4.44 trillion, a PE ratio of 58.64, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. The business’s fifty day moving average is $168.81 and its 200 day moving average is $138.11.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter last year, the business posted $0.61 EPS. The company’s quarterly revenue was up 69.2% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America increased their price objective on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Rosenblatt Securities increased their price objective on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Truist Financial raised their price target on NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Arete Research raised NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. Finally, Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $194.31.

View Our Latest Report on NVDA

NVIDIA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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