NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Cable Hill Partners LLC


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Cable Hill Partners LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,607 shares of the computer hardware maker’s stock after purchasing an additional 86 shares during the period. NVIDIA makes up 0.2% of Cable Hill Partners LLC’s investment portfolio, making the stock its 26th largest holding. Cable Hill Partners LLC’s holdings in NVIDIA were worth $839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of NVIDIA by 2.0% in the fourth quarter. BlackRock Inc. now owns 44,799,146 shares of the computer hardware maker’s stock valued at $23,394,117,000 after purchasing an additional 871,896 shares during the period. Jennison Associates LLC raised its position in NVIDIA by 6.6% during the third quarter. Jennison Associates LLC now owns 8,302,556 shares of the computer hardware maker’s stock worth $4,493,509,000 after acquiring an additional 516,044 shares during the last quarter. Nuveen Asset Management LLC raised its position in NVIDIA by 3.2% during the third quarter. Nuveen Asset Management LLC now owns 5,282,325 shares of the computer hardware maker’s stock worth $2,858,901,000 after acquiring an additional 161,926 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in NVIDIA by 3.2% during the third quarter. UBS Asset Management Americas Inc. now owns 2,892,445 shares of the computer hardware maker’s stock worth $1,565,449,000 after acquiring an additional 90,547 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in NVIDIA by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,869,768 shares of the computer hardware maker’s stock worth $1,553,177,000 after acquiring an additional 49,340 shares during the last quarter. Hedge funds and other institutional investors own 65.70% of the company’s stock.

NVDA traded down $35.17 during trading on Tuesday, hitting $539.06. 77,530 shares of the company’s stock were exchanged, compared to its average volume of 7,845,163. The company has a current ratio of 3.92, a quick ratio of 3.52 and a debt-to-equity ratio of 0.39. NVIDIA Co. has a 1 year low of $180.68 and a 1 year high of $614.90. The stock has a 50 day moving average price of $550.24 and a 200 day moving average price of $528.47. The firm has a market cap of $333.68 billion, a P/E ratio of 92.14, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45.

In other news, Director A Brooke Seawell sold 356 shares of the business’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $540.52, for a total transaction of $192,425.12. Following the transaction, the director now directly owns 356 shares of the company’s stock, valued at $192,425.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael G. Mccaffery sold 3,927 shares of the business’s stock in a transaction on Thursday, December 3rd. The stock was sold at an average price of $536.99, for a total transaction of $2,108,759.73. Following the transaction, the director now directly owns 13,216 shares in the company, valued at $7,096,859.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,824 shares of company stock valued at $2,587,435. 4.47% of the stock is owned by insiders.

NVDA has been the subject of a number of research reports. Craig Hallum lifted their target price on shares of NVIDIA from $500.00 to $520.00 and gave the stock a “hold” rating in a research report on Thursday, November 19th. Cascend Securities lifted their target price on shares of NVIDIA from $610.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, November 12th. Smith Barney Citigroup lifted their target price on shares of NVIDIA from $540.00 to $600.00 in a research report on Thursday, November 19th. Bank of America lifted their target price on shares of NVIDIA from $650.00 to $665.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Finally, Raymond James lifted their target price on shares of NVIDIA from $550.00 to $600.00 and gave the stock an “outperform” rating in a research report on Thursday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $566.49.

NVIDIA Profile

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 gaming; 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 EGX for accelerated AI computing at the edge.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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