Asset Dedication LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 33.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,462 shares of the computer hardware maker’s stock after purchasing an additional 1,130 shares during the quarter. Asset Dedication LLC’s holdings in NVIDIA were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in NVIDIA by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares during the last quarter. Vanguard Group Inc. raised its stake in NVIDIA by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares during the last quarter. Jackson Square Partners LLC purchased a new position in NVIDIA during the second quarter valued at $229,323,000. Renaissance Technologies LLC raised its stake in NVIDIA by 19.3% during the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its stake in NVIDIA by 3,194.2% during the second quarter. Quantitative Investment Management LLC now owns 678,600 shares of the computer hardware maker’s stock valued at $98,098,000 after buying an additional 658,000 shares during the last quarter. Institutional investors own 63.40% of the company’s stock.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $220.11 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The company has a market capitalization of $133,390.00, a PE ratio of 55.03, a P/E/G ratio of 5.19 and a beta of 1.18. NVIDIA Corporation has a 52-week low of $95.17 and a 52-week high of $227.51.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. analysts anticipate that NVIDIA Corporation will post 4.19 EPS for the current fiscal year.

NVDA has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Thursday, September 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of NVIDIA in a research note on Saturday, September 23rd. Craig Hallum reiterated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Saturday, September 23rd. Vetr upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $186.34 price target for the company in a research note on Monday, September 25th. Finally, Mizuho restated a “buy” rating on shares of NVIDIA in a research note on Monday, September 25th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $192.45.

In related news, CFO Colette Kress sold 171 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Persis Drell sold 606 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now owns 26,104 shares in the company, valued at $5,144,315.28. The disclosure for this sale can be found here. Insiders sold 19,858 shares of company stock worth $4,227,384 over the last quarter. 5.17% of the stock is owned by company insiders.

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NVIDIA Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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