Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Invests $2.05 Million in NVIDIA Co. (NVDA) Stock

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,389 shares of the computer hardware maker’s stock, valued at approximately $2,054,000.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of NVIDIA by 1.5% in the 3rd quarter. FMR LLC now owns 49,322,285 shares of the computer hardware maker’s stock worth $13,860,548,000 after buying an additional 727,863 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NVIDIA by 4.0% in the 3rd 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. Vanguard Group Inc boosted its stake in shares of NVIDIA by 4.0% in the 3rd 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. BlackRock Inc. boosted its stake in shares of NVIDIA by 0.9% in the 3rd quarter. BlackRock Inc. now owns 38,929,045 shares of the computer hardware maker’s stock worth $10,939,840,000 after buying an additional 366,217 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of NVIDIA by 10.9% in the 3rd quarter. Jennison Associates LLC now owns 8,650,557 shares of the computer hardware maker’s stock worth $2,430,980,000 after buying an additional 850,445 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

A number of equities analysts have recently weighed in on NVDA shares. SunTrust Banks cut their target price on NVIDIA to $187.00 in a research note on Tuesday, January 29th. Citigroup cut their target price on NVIDIA from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. B. Riley cut their target price on NVIDIA from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, November 13th. Bank of America cut their target price on NVIDIA from $360.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. Finally, Goldman Sachs Group downgraded NVIDIA from a “conviction-buy” rating to a “buy” rating and cut their target price for the stock from $283.00 to $200.00 in a research note on Friday, November 16th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $219.88.

Shares of NVDA stock opened at $148.17 on Monday. The company has a current ratio of 7.08, a quick ratio of 6.20 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76. The firm has a market cap of $90.38 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 2.98 and a beta of 1.93.

NVIDIA (NASDAQ:NVDA) last issued 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). NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. As a group, sell-side analysts expect that NVIDIA Co. will post 5.77 EPS for the current fiscal year.

In other news, EVP Debora Shoquist sold 6,345 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the transaction, the executive vice president now directly owns 177,911 shares in the company, valued at approximately $24,076,695.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 889 shares of the business’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $147.91, for a total transaction of $131,491.99. Following the transaction, the chief financial officer now owns 259,912 shares of the company’s stock, valued at $38,443,583.92. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

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NVIDIA 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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