OneAscent Investment Solutions LLC Purchases 3,705 Shares of NVIDIA Corporation $NVDA

OneAscent Investment Solutions LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 34.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,535 shares of the computer hardware maker’s stock after purchasing an additional 3,705 shares during the quarter. NVIDIA comprises about 2.9% of OneAscent Investment Solutions LLC’s holdings, making the stock its 6th biggest holding. OneAscent Investment Solutions LLC’s holdings in NVIDIA were worth $2,712,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Berman McAleer LLC purchased a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $2,000,000. Private Wealth Partners LLC lifted its holdings in NVIDIA by 1.1% in the third quarter. Private Wealth Partners LLC now owns 825,031 shares of the computer hardware maker’s stock valued at $153,934,000 after acquiring an additional 8,862 shares during the last quarter. Nan Fung Trinity HK Ltd. grew its position in NVIDIA by 25.8% in the third quarter. Nan Fung Trinity HK Ltd. now owns 164,040 shares of the computer hardware maker’s stock worth $30,607,000 after acquiring an additional 33,640 shares during the period. National Pension Service increased its stake in NVIDIA by 6.5% during the third quarter. National Pension Service now owns 49,553,761 shares of the computer hardware maker’s stock worth $9,245,741,000 after acquiring an additional 3,018,494 shares during the last quarter. Finally, RWWM Inc. raised its position in NVIDIA by 17.0% in the third quarter. RWWM Inc. now owns 7,866 shares of the computer hardware maker’s stock valued at $1,468,000 after purchasing an additional 1,142 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

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NVIDIA Stock Performance

Shares of NVIDIA stock opened at $189.82 on Monday. The business has a 50-day simple moving average of $185.19 and a 200-day simple moving average of $183.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a market cap of $4.61 trillion, a PE ratio of 47.10, a P/E/G ratio of 0.57 and a beta of 2.31.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. CICC Research increased their price target on NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Barclays increased their target price on shares of NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Jefferies Financial Group reissued a “buy” rating and issued a $275.00 price target (up from $250.00) on shares of NVIDIA in a research note on Friday, January 16th. UBS Group set a $245.00 price objective on shares of NVIDIA in a report on Wednesday, February 11th. Finally, BNP Paribas Exane lifted their target price on shares of NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $264.20.

Check Out Our Latest Report on NVDA

Insider Activity

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the transaction, the director owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total value of $4,856,900.80. Following the sale, the chief financial officer directly owned 846,772 shares of the company’s stock, valued at $148,794,775.84. This trade represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,610,848 shares of company stock valued at $291,619,375. 4.17% of the stock is currently owned by company insiders.

About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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