Round Table Services LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 794 shares of the computer hardware maker’s stock, valued at approximately $223,000.
Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its stake in NVIDIA by 3.5% during the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock valued at $11,512,019,000 after buying an additional 1,656,748 shares in the last quarter. BlackRock Inc. boosted its stake in NVIDIA by 1.2% during the second quarter. BlackRock Inc. now owns 38,562,828 shares of the computer hardware maker’s stock valued at $9,135,533,000 after buying an additional 454,434 shares in the last quarter. Jennison Associates LLC boosted its stake in NVIDIA by 18.8% during the second quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock valued at $1,847,847,000 after buying an additional 1,234,191 shares in the last quarter. Edgewood Management LLC boosted its stake in NVIDIA by 2.5% during the second quarter. Edgewood Management LLC now owns 5,021,345 shares of the computer hardware maker’s stock valued at $1,189,557,000 after buying an additional 123,650 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in NVIDIA by 63.7% during the second quarter. Janus Henderson Group PLC now owns 4,222,049 shares of the computer hardware maker’s stock valued at $1,000,199,000 after buying an additional 1,643,689 shares in the last quarter. 65.80% of the stock is currently owned by institutional investors.
In other news, EVP Ajay K. Puri sold 90,831 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the completion of the sale, the executive vice president now directly owns 184,001 shares of the company’s stock, valued at approximately $53,240,689.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Byron sold 11,257 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $263.94, for a total value of $2,971,172.58. Following the sale, the insider now directly owns 81,414 shares of the company’s stock, valued at $21,488,411.16. The disclosure for this sale can be found here. Insiders have sold a total of 113,707 shares of company stock valued at $32,347,973 over the last 90 days. Corporate insiders own 4.70% of the company’s stock.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.28. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the company posted $1.01 EPS. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. Equities analysts expect that NVIDIA Co. will post 7.15 EPS for the current year.
NVDA has been the subject of several research reports. Argus reaffirmed a “buy” rating and set a $300.00 target price on shares of NVIDIA in a research note on Friday, October 12th. Goldman Sachs Group raised NVIDIA from a “buy” rating to a “conviction-buy” rating and decreased their target price for the company from $324.00 to $305.00 in a research note on Thursday, October 18th. Evercore ISI raised their target price on NVIDIA from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. BidaskClub cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, October 5th. Eleven analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $290.21.
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.
Featured Story: The risks of owning bonds
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.