Strategic Wealth Partners Ltd. Grows Stake in NVIDIA Co. (NVDA)
Strategic Wealth Partners Ltd. grew its position in NVIDIA Co. (NASDAQ:NVDA) by 37.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 289 shares of the computer hardware maker’s stock after buying an additional 79 shares during the period. Strategic Wealth Partners Ltd.’s holdings in NVIDIA were worth $81,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burleson & Company LLC bought a new stake in shares of NVIDIA in the third quarter valued at about $482,000. Belpointe Asset Management LLC raised its holdings in NVIDIA by 40.0% during the third quarter. Belpointe Asset Management LLC now owns 16,921 shares of the computer hardware maker’s stock worth $4,755,000 after acquiring an additional 4,838 shares in the last quarter. Vanguard Group Inc. increased its position in NVIDIA by 4.0% during the third quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares during the last quarter. Legal & General Group Plc increased its position in NVIDIA by 2.2% during the third quarter. Legal & General Group Plc now owns 2,602,785 shares of the computer hardware maker’s stock worth $730,545,000 after buying an additional 55,442 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its position in NVIDIA by 9.0% during the third quarter. Standard Life Aberdeen plc now owns 908,239 shares of the computer hardware maker’s stock worth $255,320,000 after buying an additional 74,790 shares during the last quarter. 67.56% of the stock is owned by institutional investors.
Shares of NASDAQ:NVDA opened at $147.61 on Friday. The company has a market cap of $96.56 billion, a P/E ratio of 31.61, a P/E/G ratio of 2.30 and a beta of 1.97. NVIDIA Co. has a 1 year low of $133.31 and a 1 year high of $292.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.20 and a current ratio of 7.08.
In other NVIDIA news, EVP Ajay K. Puri sold 90,831 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the completion of the sale, the executive vice president now directly owns 184,001 shares in the company, valued at $53,240,689.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Byron sold 11,257 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $263.94, for a total value of $2,971,172.58. Following the sale, the insider now owns 81,414 shares of the company’s stock, valued at $21,488,411.16. The disclosure for this sale can be found here. Insiders have sold 113,664 shares of company stock worth $32,335,927 in the last three months. 4.70% of the stock is currently owned by company insiders.
NVDA has been the topic of a number of recent analyst reports. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Wells Fargo & Co raised NVIDIA from an “underperform” rating to an “outperform” rating and upped their target price for the company from $140.00 to $315.00 in a research report on Tuesday, August 14th. UBS Group raised NVIDIA from a “market perform” rating to an “outperform” rating in a research report on Friday, August 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $250.00 target price (up previously from $243.00) on shares of NVIDIA in a research report on Friday, August 17th. Finally, Oppenheimer raised NVIDIA from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research report on Friday, August 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-six have given a buy rating to the company’s stock. NVIDIA currently has an average rating of “Buy” and a consensus target price of $257.76.
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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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