NVIDIA Corporation (NVDA) Stake Lowered by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,777 shares of the computer hardware maker’s stock after selling 3,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NVIDIA were worth $4,600,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. CAPROCK Group Inc. increased its position in shares of NVIDIA by 6.1% in the fourth quarter. CAPROCK Group Inc. now owns 9,813 shares of the computer hardware maker’s stock valued at $2,188,000 after buying an additional 562 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of NVIDIA by 4.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock worth $392,322,000 after purchasing an additional 95,004 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of NVIDIA by 59.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,857 shares of the computer hardware maker’s stock worth $553,000 after purchasing an additional 1,066 shares in the last quarter. Capital Investment Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth approximately $204,000. Finally, Coastline Trust Co increased its position in shares of NVIDIA by 121.7% during the fourth quarter. Coastline Trust Co now owns 10,795 shares of the computer hardware maker’s stock worth $2,089,000 after purchasing an additional 5,925 shares in the last quarter. Institutional investors and hedge funds own 63.40% of the company’s stock.

In other news, Director Dawn E. Hudson sold 15,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $213.44, for a total value of $3,201,600.00. Following the transaction, the director now owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of the transaction, the director now directly owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,858 shares of company stock worth $4,227,384. Corporate insiders own 5.82% of the company’s stock.

Several brokerages recently commented on NVDA. B. Riley reiterated a “buy” rating and set a $270.00 price target on shares of NVIDIA in a research report on Monday, January 8th. BidaskClub upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Mizuho reiterated a “buy” rating and set a $240.00 price target (up from $225.00) on shares of NVIDIA in a research report on Tuesday. Zacks Investment Research cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, SunTrust Banks boosted their price target on NVIDIA to $253.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. NVIDIA currently has an average rating of “Buy” and an average target price of $192.45.

NVIDIA Corporation (NASDAQ:NVDA) opened at $224.72 on Thursday. The firm has a market capitalization of $136,180.00, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 5.13 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA Corporation has a 12 month low of $95.17 and a 12 month high of $227.51.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The company’s quarterly revenue was up 31.5% on a year-over-year basis. equities analysts forecast that NVIDIA Corporation will post 4.19 EPS for the current fiscal year.

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NVIDIA 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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