Wedbush Securities Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,542 shares of the computer hardware maker’s stock after buying an additional 1,108 shares during the period. Wedbush Securities Inc.’s holdings in NVIDIA were worth $4,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NVDA. Polen Capital Management LLC purchased a new stake in NVIDIA during the third quarter worth $703,155,000. SG Americas Securities LLC lifted its holdings in NVIDIA by 104.9% during the third quarter. SG Americas Securities LLC now owns 105,055 shares of the computer hardware maker’s stock worth $29,523,000 after buying an additional 2,227,433 shares during the period. FMR LLC lifted its holdings in NVIDIA by 3.5% during the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock worth $11,512,019,000 after buying an additional 1,656,748 shares during the period. Janus Henderson Group PLC lifted its holdings in NVIDIA by 63.7% during the second quarter. Janus Henderson Group PLC now owns 4,222,049 shares of the computer hardware maker’s stock worth $1,000,199,000 after buying an additional 1,643,689 shares during the period. Finally, Jennison Associates LLC lifted its holdings in NVIDIA by 18.8% during the second quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock worth $1,847,847,000 after buying an additional 1,234,191 shares during the period. Institutional investors own 67.56% of the company’s stock.

A number of analysts have weighed in on the company. Deutsche Bank lowered their target price on NVIDIA from $260.00 to $190.00 and set a “hold” rating for the company in a report on Friday, November 16th. Royal Bank of Canada decreased their price objective on NVIDIA to $260.00 and set an “outperform” rating for the company in a report on Friday, November 16th. Needham & Company LLC increased their price objective on NVIDIA from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 14th. Evercore ISI increased their price objective on NVIDIA from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Finally, B. Riley reiterated a “neutral” rating and set a $190.00 price objective (down previously from $240.00) on shares of NVIDIA in a report on Friday, November 16th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $257.76.

NASDAQ NVDA opened at $157.11 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.20 and a current ratio of 7.08. NVIDIA Co. has a 1 year low of $133.31 and a 1 year high of $292.76. The firm has a market capitalization of $99.69 billion, a P/E ratio of 33.64, a PEG ratio of 2.47 and a beta of 1.97.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.06). NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. On average, analysts expect that NVIDIA Co. will post 6.45 earnings per share for the current fiscal year.

In related 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 value of $26,281,949.85. Following the transaction, the executive vice president now directly owns 184,001 shares of the company’s stock, valued at approximately $53,240,689.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 11,576 shares of the stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the sale, the chief financial officer now directly owns 297,482 shares in the company, valued at $79,222,431.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,664 shares of company stock worth $32,335,927. 4.70% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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