Asset Dedication LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 13.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,524 shares of the computer hardware maker’s stock after buying an additional 427 shares during the period. Asset Dedication LLC’s holdings in NVIDIA were worth $636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Fin Capital Inc. lifted its position in NVIDIA by 22.3% during the third quarter. Blue Fin Capital Inc. now owns 4,671 shares of the computer hardware maker’s stock valued at $1,313,000 after purchasing an additional 853 shares during the last quarter. Man Group plc raised its stake in shares of NVIDIA by 5.6% during the third quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock worth $10,673,000 after acquiring an additional 2,028 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of NVIDIA by 83.8% during the third quarter. Macquarie Group Ltd. now owns 76,628 shares of the computer hardware maker’s stock worth $21,533,000 after acquiring an additional 34,946 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of NVIDIA during the third quarter worth approximately $765,000. Finally, Neuberger Berman Group LLC raised its stake in shares of NVIDIA by 10.3% during the third quarter. Neuberger Berman Group LLC now owns 311,173 shares of the computer hardware maker’s stock worth $87,445,000 after acquiring an additional 29,069 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors.

Shares of NASDAQ NVDA opened at $186.30 on Monday. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $113.36 billion, a P/E ratio of 30.69, a PEG ratio of 4.50 and a beta of 1.90. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.27. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The company’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.72 EPS. On average, analysts anticipate that NVIDIA Co. will post 4.46 earnings per share for the current fiscal year.

Several research firms have commented on NVDA. BidaskClub downgraded shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. DZ Bank downgraded shares of NVIDIA to a “sell” rating and set a $170.00 price target on the stock. in a research note on Friday, April 12th. TheStreet raised shares of NVIDIA from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Nomura began coverage on shares of NVIDIA in a research note on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 price target on the stock. Finally, Zacks Investment Research raised shares of NVIDIA from a “strong sell” rating to a “hold” rating in a research note on Monday, April 1st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $204.46.

In other NVIDIA news, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the transaction, the executive vice president now directly owns 171,783 shares in the company, valued at $31,779,855. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,029 shares of company stock worth $3,678,385. Insiders own 4.64% of the company’s stock.

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About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which 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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