Exxonmobil Investment Management Inc. TX Cuts Stake in NVIDIA Corporation (NASDAQ:NVDA)

Exxonmobil Investment Management Inc. TX decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,357 shares of the computer hardware maker’s stock after selling 13,212 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in NVIDIA were worth $18,645,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NVDA. Prudential Financial Inc. lifted its stake in NVIDIA by 0.5% in the third quarter. Prudential Financial Inc. now owns 820,787 shares of the computer hardware maker’s stock worth $146,732,000 after purchasing an additional 4,223 shares during the last quarter. Atlantic Trust Group LLC lifted its stake in NVIDIA by 88.1% in the third quarter. Atlantic Trust Group LLC now owns 56,883 shares of the computer hardware maker’s stock worth $10,168,000 after purchasing an additional 26,641 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in NVIDIA by 11.6% in the third quarter. Parametric Portfolio Associates LLC now owns 1,279,083 shares of the computer hardware maker’s stock worth $228,662,000 after purchasing an additional 132,924 shares during the last quarter. TrimTabs Asset Management LLC lifted its stake in NVIDIA by 17.0% in the third quarter. TrimTabs Asset Management LLC now owns 2,227 shares of the computer hardware maker’s stock worth $398,000 after purchasing an additional 324 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in NVIDIA in the third quarter worth about $235,000. 63.40% of the stock is owned by hedge funds and other institutional investors.

NVDA has been the topic of a number of research reports. Citigroup reaffirmed a “buy” rating and set a $210.00 target price (up from $185.00) on shares of NVIDIA in a research report on Friday, September 29th. Vetr lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 target price on the stock. in a research report on Wednesday, January 3rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $228.00 target price on shares of NVIDIA in a research report on Friday, January 5th. Bank of America set a $210.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, Needham & Company LLC raised their target price on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $192.45.

In related news, Director Dawn E. Hudson sold 3,052 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the transaction, the director now directly owns 28,816 shares in the company, valued at $6,177,862.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persis Drell sold 606 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the transaction, the director now owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The disclosure for this sale can be found here. Insiders have sold 19,858 shares of company stock valued at $4,227,384 over the last 90 days. 5.17% of the stock is currently owned by insiders.

NVIDIA Corporation (NASDAQ:NVDA) traded up $2.50 during trading hours on Tuesday, hitting $225.48. 7,211,964 shares of the stock traded hands, compared to its average volume of 14,334,522. NVIDIA Corporation has a 1-year low of $95.17 and a 1-year high of $226.27. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $136,850.00, a P/E ratio of 56.37, a P/E/G ratio of 5.19 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. research analysts forecast that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.

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NVIDIA Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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