Indie Asset Partners LLC Buys 319 Shares of NVIDIA Co. (NASDAQ:NVDA)


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Indie Asset Partners LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 47.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 985 shares of the computer hardware maker’s stock after acquiring an additional 319 shares during the quarter. Indie Asset Partners LLC’s holdings in NVIDIA were worth $514,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of NVIDIA by 2.0% during the fourth quarter. BlackRock Inc. now owns 44,799,146 shares of the computer hardware maker’s stock valued at $23,394,117,000 after acquiring an additional 871,896 shares during the period. Jennison Associates LLC lifted its holdings in shares of NVIDIA by 6.6% during the third quarter. Jennison Associates LLC now owns 8,302,556 shares of the computer hardware maker’s stock valued at $4,493,509,000 after acquiring an additional 516,044 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of NVIDIA by 3.2% during the third quarter. Nuveen Asset Management LLC now owns 5,282,325 shares of the computer hardware maker’s stock valued at $2,858,901,000 after acquiring an additional 161,926 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of NVIDIA by 3.2% during the third quarter. UBS Asset Management Americas Inc. now owns 2,892,445 shares of the computer hardware maker’s stock valued at $1,565,449,000 after acquiring an additional 90,547 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NVIDIA by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,869,768 shares of the computer hardware maker’s stock valued at $1,553,177,000 after acquiring an additional 49,340 shares during the period. 65.70% of the stock is owned by institutional investors.

In other NVIDIA news, Director Michael G. Mccaffery sold 3,927 shares of the company’s stock in a transaction that occurred on Thursday, December 3rd. The stock was sold at an average price of $536.99, for a total transaction of $2,108,759.73. Following the completion of the transaction, the director now owns 13,216 shares of the company’s stock, valued at approximately $7,096,859.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 356 shares of the company’s stock in a transaction that occurred on Thursday, January 7th. The stock was sold at an average price of $528.73, for a total value of $188,227.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,824 shares of company stock valued at $2,587,435. Insiders own 4.47% of the company’s stock.

Shares of NVDA traded down $20.96 on Tuesday, hitting $553.27. The company’s stock had a trading volume of 343,794 shares, compared to its average volume of 7,845,163. The company has a quick ratio of 3.52, a current ratio of 3.92 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $550.24 and its 200-day moving average price is $528.47. NVIDIA Co. has a fifty-two week low of $180.68 and a fifty-two week high of $614.90. The firm has a market capitalization of $342.47 billion, a price-to-earnings ratio of 92.14, a P/E/G ratio of 3.87 and a beta of 1.45.

NVDA has been the subject of a number of research analyst reports. Rosenblatt Securities lifted their price target on NVIDIA from $600.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, November 19th. Bank of America lifted their price target on NVIDIA from $650.00 to $665.00 and gave the company a “buy” rating in a report on Thursday, November 19th. Truist lifted their price target on NVIDIA from $643.00 to $672.00 in a report on Friday, January 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on NVIDIA from $540.00 to $600.00 in a report on Thursday, November 19th. Finally, Smith Barney Citigroup boosted their price objective on NVIDIA from $540.00 to $600.00 in a report on Thursday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have given a buy rating to the company. NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $566.49.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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