Westpac Banking Corp trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,691 shares of the computer hardware maker’s stock after selling 16,422 shares during the period. Westpac Banking Corp’s holdings in NVIDIA were worth $11,357,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of NVDA. Martingale Asset Management L P purchased a new position in NVIDIA in the 2nd quarter valued at $738,000. Stephens Inc. AR grew its position in NVIDIA by 8.4% in the 2nd quarter. Stephens Inc. AR now owns 3,070 shares of the computer hardware maker’s stock valued at $444,000 after buying an additional 238 shares during the last quarter. BlueMountain Capital Management LLC grew its position in NVIDIA by 34.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 3,998 shares of the computer hardware maker’s stock valued at $578,000 after buying an additional 1,015 shares during the last quarter. PNC Financial Services Group Inc. grew its position in NVIDIA by 20.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 101,800 shares of the computer hardware maker’s stock valued at $14,717,000 after buying an additional 17,200 shares during the last quarter. Finally, Trustmark National Bank Trust Department purchased a new position in NVIDIA in the 2nd quarter valued at $207,000. Hedge funds and other institutional investors own 63.40% of the company’s stock.
NVIDIA Corporation (NASDAQ NVDA) opened at $224.44 on Friday. NVIDIA Corporation has a one year low of $95.17 and a one year high of $227.51. The firm has a market cap of $136,010.00, a PE ratio of 56.11, a P/E/G ratio of 5.23 and a beta of 1.18. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.
NVDA has been the topic of a number of analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $200.00 price objective (up from $181.00) on shares of NVIDIA in a research report on Monday, October 2nd. Citigroup reiterated a “buy” rating and issued a $210.00 price objective (up from $185.00) on shares of NVIDIA in a research report on Friday, September 29th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Thursday, September 28th. Mizuho reiterated a “buy” rating on shares of NVIDIA in a research report on Monday, September 25th. Finally, Vetr raised NVIDIA from a “hold” rating to a “buy” rating and set a $186.34 target price for the company in a report on Monday, September 25th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $192.45.
In other NVIDIA news, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Persis Drell sold 606 shares of NVIDIA stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. Insiders sold a total of 19,858 shares of company stock valued at $4,227,384 in the last 90 days. 5.82% of the stock is owned by company insiders.
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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.
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