Private Ocean LLC Buys 150 Shares of NVIDIA Co. (NASDAQ:NVDA)

Private Ocean LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 18.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 959 shares of the computer hardware maker’s stock after buying an additional 150 shares during the period. Private Ocean LLC’s holdings in NVIDIA were worth $167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Buckingham Capital Management Inc. acquired a new position in NVIDIA in the first quarter valued at $345,000. Private Trust Co. NA increased its stake in NVIDIA by 5.0% in the second quarter. Private Trust Co. NA now owns 1,905 shares of the computer hardware maker’s stock valued at $312,000 after purchasing an additional 91 shares during the period. Fulton Bank N.A. increased its stake in NVIDIA by 18.1% in the second quarter. Fulton Bank N.A. now owns 23,938 shares of the computer hardware maker’s stock valued at $3,932,000 after purchasing an additional 3,673 shares during the period. Woodstock Corp increased its stake in NVIDIA by 40.3% in the second quarter. Woodstock Corp now owns 17,709 shares of the computer hardware maker’s stock valued at $2,908,000 after purchasing an additional 5,085 shares during the period. Finally, Montecito Bank & Trust increased its stake in NVIDIA by 1.9% in the second quarter. Montecito Bank & Trust now owns 8,791 shares of the computer hardware maker’s stock valued at $1,443,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 64.45% of the company’s stock.

In other news, Director Michael G. Mccaffery sold 15,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $165.97, for a total value of $2,489,550.00. Following the completion of the sale, the director now owns 27,579 shares of the company’s stock, valued at $4,577,286.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Persis Drell sold 2,500 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $167.36, for a total transaction of $418,400.00. Following the completion of the sale, the director now directly owns 18,184 shares of the company’s stock, valued at approximately $3,043,274.24. The disclosure for this sale can be found here. Insiders have sold 66,383 shares of company stock valued at $11,625,217 in the last ninety days. 4.64% of the stock is currently owned by company insiders.

A number of research analysts have commented on the stock. Cascend Securities lifted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Bank of America lifted their price objective on shares of NVIDIA from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Daiwa Capital Markets set a $200.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Craig Hallum boosted their price target on shares of NVIDIA from $165.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares set a $190.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. NVIDIA currently has an average rating of “Buy” and a consensus target price of $189.15.

NVDA stock traded down $0.56 during trading on Friday, reaching $207.78. 4,727,100 shares of the company were exchanged, compared to its average volume of 11,881,960. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $211.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. The stock’s 50 day moving average price is $189.47 and its 200 day moving average price is $169.78. The company has a market cap of $127.65 billion, a P/E ratio of 34.23, a PEG ratio of 5.39 and a beta of 2.06.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, topping the consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $1.94 earnings per share. NVIDIA’s revenue for the quarter was down 17.4% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Co. will post 4.07 EPS for the current year.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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