1,365 Shares in NVIDIA Corporation (NVDA) Purchased by Warren Averett Asset Management LLC

Warren Averett Asset Management LLC acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,365 shares of the computer hardware maker’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cibc World Markets Corp grew its holdings in shares of NVIDIA Corporation by 12.1% during the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after buying an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its holdings in shares of NVIDIA Corporation by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after buying an additional 1,000 shares during the last quarter. RB Capital Management LLC acquired a new position in shares of NVIDIA Corporation during the second quarter valued at about $272,000. Oppenheimer Asset Management Inc. grew its holdings in shares of NVIDIA Corporation by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after buying an additional 2,836 shares during the last quarter. Finally, D. Scott Neal Inc. acquired a new position in shares of NVIDIA Corporation during the second quarter valued at about $258,000. Hedge funds and other institutional investors own 65.59% of the company’s stock.

NVDA has been the topic of a number of recent analyst reports. Vetr lowered shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price target on the stock. in a research report on Thursday, August 31st. Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target on the stock in a research report on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday, August 31st. Goldman Sachs Group, Inc. (The) raised their price target on shares of NVIDIA Corporation from $193.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of NVIDIA Corporation in a research report on Thursday, September 28th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. NVIDIA Corporation currently has a consensus rating of “Hold” and an average target price of $162.12.

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NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. NVIDIA Corporation’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share.

In other NVIDIA Corporation news, Director Mark L. Perry sold 16,281 shares of NVIDIA Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the completion of the transaction, the director now directly owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders have sold 452,784 shares of company stock valued at $81,437,724 over the last ninety days. 5.82% of the stock is owned by insiders.

NVIDIA Corporation 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 Corporation (NASDAQ:NVDA)

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