M&T Bank Corp Lowers Holdings in NVIDIA Co. (NVDA)

M&T Bank Corp lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,042 shares of the computer hardware maker’s stock after selling 2,540 shares during the period. M&T Bank Corp’s holdings in NVIDIA were worth $6,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC boosted its position in shares of NVIDIA by 1.5% in the third 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 period. Vanguard Group Inc. boosted its position in shares of NVIDIA by 4.0% in 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 period. Vanguard Group Inc boosted its position in shares of NVIDIA by 4.0% in 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 period. BlackRock Inc. boosted its position 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 worth $10,939,840,000 after buying an additional 366,217 shares during the period. Finally, Jennison Associates LLC boosted its position 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 worth $2,430,980,000 after buying an additional 850,445 shares during the period. 71.44% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on NVDA. Sanford C. Bernstein downgraded NVIDIA from an “outperform” rating to a “market perform” rating in a research report on Monday. TheStreet downgraded NVIDIA from a “b” rating to a “c+” rating in a research report on Tuesday, February 5th. Zacks Investment Research downgraded NVIDIA from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Raymond James set a $165.00 target price on NVIDIA and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, Daiwa Capital Markets set a $165.00 price target on NVIDIA and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $219.88.

In other news, EVP Debora Shoquist sold 6,345 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was 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 of the company’s stock, valued at $24,076,695.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 889 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the transaction, the chief financial officer now directly owns 259,912 shares of the company’s stock, valued at $38,443,583.92. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by corporate insiders.

NASDAQ:NVDA opened at $148.17 on Monday. The company has a market cap of $90.38 billion, a PE ratio of 31.73, a P/E/G ratio of 2.98 and a beta of 1.93. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.06). The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. Equities research analysts anticipate that NVIDIA Co. will post 5.77 EPS for the current year.

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About NVIDIA

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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