Fisher Asset Management LLC Has $17.86 Million Holdings in NVIDIA Co. (NVDA)
Fisher Asset Management LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 133,770 shares of the computer hardware maker’s stock after selling 2,634 shares during the quarter. Fisher Asset Management LLC’s holdings in NVIDIA were worth $17,858,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. FMR LLC grew its holdings in NVIDIA by 3.5% during the 2nd quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock worth $11,512,019,000 after acquiring an additional 1,656,748 shares during the period. Advisors Asset Management Inc. grew its holdings in NVIDIA by 35.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 26,999 shares of the computer hardware maker’s stock worth $6,396,000 after acquiring an additional 7,039 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in NVIDIA during the 3rd quarter worth $3,538,000. Riverbridge Partners LLC acquired a new stake in NVIDIA during the 3rd quarter worth $24,118,000. Finally, Fulton Bank N.A. grew its holdings in NVIDIA by 48.3% during the 3rd quarter. Fulton Bank N.A. now owns 20,665 shares of the computer hardware maker’s stock worth $5,808,000 after acquiring an additional 6,726 shares during the period. 67.54% of the stock is owned by hedge funds and other institutional investors.
NVDA opened at $138.01 on Tuesday. The firm has a market capitalization of $97.69 billion, a P/E ratio of 29.55, a P/E/G ratio of 2.33 and a beta of 2.05. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76. The company has a current ratio of 7.08, a quick ratio of 6.20 and a debt-to-equity ratio of 0.21.
In other NVIDIA news, CFO Colette Kress sold 889 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $147.91, for a total transaction of $131,491.99. Following the sale, the chief financial officer now directly owns 259,912 shares of the company’s stock, valued at approximately $38,443,583.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Debora Shoquist sold 6,345 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the sale, the executive vice president now directly owns 177,911 shares in the company, valued at $24,076,695.63. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.
A number of research firms have commented on NVDA. Cowen reaffirmed an “outperform” rating and set a $215.00 target price (down previously from $265.00) on shares of NVIDIA in a report on Monday. Benchmark reissued a “buy” rating and issued a $190.00 price target (down previously from $240.00) on shares of NVIDIA in a report on Monday. Barclays reissued a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Friday, January 18th. Zacks Investment Research raised shares of NVIDIA from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, BidaskClub raised shares of NVIDIA from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and an average price target of $245.94.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through 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 AI utilizing deep learning, accelerated computing, and general purpose computing; GRID 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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