Jacobi Capital Management LLC Has $687,000 Stake in NVIDIA Co. (NVDA)
Jacobi Capital Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 32.1% during the third quarter, HoldingsChannel reports. The firm owned 2,446 shares of the computer hardware maker’s stock after acquiring an additional 594 shares during the period. Jacobi Capital Management LLC’s holdings in NVIDIA were worth $687,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in NVDA. FMR LLC grew its position in NVIDIA by 1.5% during the 3rd quarter. FMR LLC now owns 49,322,285 shares of the computer hardware maker’s stock worth $13,860,548,000 after purchasing an additional 727,863 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of NVIDIA by 0.9% in the third quarter. BlackRock Inc. now owns 38,929,045 shares of the computer hardware maker’s stock valued at $10,939,840,000 after acquiring an additional 366,217 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of NVIDIA by 10.9% in the third quarter. Jennison Associates LLC now owns 8,650,557 shares of the computer hardware maker’s stock valued at $2,430,980,000 after acquiring an additional 850,445 shares in the last quarter. Edgewood Management LLC boosted its holdings in shares of NVIDIA by 13.3% in the third quarter. Edgewood Management LLC now owns 5,686,769 shares of the computer hardware maker’s stock valued at $1,598,096,000 after acquiring an additional 665,424 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of NVIDIA by 4.2% in the third quarter. Janus Henderson Group PLC now owns 4,399,168 shares of the computer hardware maker’s stock valued at $1,236,335,000 after acquiring an additional 177,119 shares in the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.
Several analysts have recently weighed in on NVDA shares. Goldman Sachs Group raised shares of NVIDIA from a “buy” rating to a “conviction-buy” rating and lowered their target price for the company from $324.00 to $305.00 in a report on Thursday, October 18th. Evercore ISI lifted their target price on shares of NVIDIA from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Credit Suisse Group started coverage on shares of NVIDIA in a report on Monday, November 26th. They issued an “outperform” rating and a $225.00 target price on the stock. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Friday, October 5th. Finally, Needham & Company LLC lifted their target price on shares of NVIDIA from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 14th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $257.76.
Shares of NVDA opened at $158.29 on Friday. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21. The stock has a market cap of $95.84 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.97. NVIDIA Co. has a 12-month low of $133.31 and a 12-month high of $292.76.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.06). The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. As a group, research analysts anticipate that NVIDIA Co. will post 6.45 earnings per share for the current year.
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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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