TRUE Private Wealth Advisors Grows Holdings in NVIDIA Corporation (NVDA)

TRUE Private Wealth Advisors grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 691.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,840 shares of the computer hardware maker’s stock after purchasing an additional 8,597 shares during the quarter. TRUE Private Wealth Advisors’ holdings in NVIDIA were worth $1,904,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in shares of NVIDIA by 1,020.4% during the fourth quarter. State of Alaska Department of Revenue now owns 59,424 shares of the computer hardware maker’s stock valued at $11,496,000 after acquiring an additional 54,120 shares during the period. Oakbrook Investments LLC boosted its holdings in shares of NVIDIA by 16.6% during the fourth quarter. Oakbrook Investments LLC now owns 40,485 shares of the computer hardware maker’s stock valued at $7,834,000 after acquiring an additional 5,760 shares during the period. WealthTrust Arizona LLC boosted its holdings in shares of NVIDIA by 42.7% during the fourth quarter. WealthTrust Arizona LLC now owns 1,106 shares of the computer hardware maker’s stock valued at $214,000 after acquiring an additional 331 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of NVIDIA by 30.6% during the fourth quarter. Acadian Asset Management LLC now owns 6,132 shares of the computer hardware maker’s stock valued at $1,187,000 after acquiring an additional 1,435 shares during the period. Finally, CAPROCK Group Inc. boosted its holdings in shares of NVIDIA by 6.1% during the fourth quarter. CAPROCK Group Inc. now owns 9,813 shares of the computer hardware maker’s stock valued at $2,188,000 after acquiring an additional 562 shares during the period. 63.40% of the stock is owned by institutional investors.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up $5.67 during trading on Friday, reaching $230.11. 15,230,838 shares of the company’s stock traded hands, compared to its average volume of 12,390,000. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $139,450.00, a PE ratio of 57.53, a PEG ratio of 5.23 and a beta of 1.18. NVIDIA Corporation has a 12-month low of $95.17 and a 12-month high of $231.09.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. equities research analysts anticipate that NVIDIA Corporation will post 4.19 EPS for the current fiscal year.

Several research firms recently weighed in on NVDA. Bank of America reaffirmed a “buy” rating and issued a $275.00 price objective (up previously from $251.00) on shares of NVIDIA in a report on Friday. B. Riley reaffirmed a “buy” rating and issued a $270.00 price objective on shares of NVIDIA in a report on Monday, January 8th. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Mizuho reaffirmed a “buy” rating and issued a $240.00 price objective (up previously from $225.00) on shares of NVIDIA in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Monday. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $193.10.

In other NVIDIA news, Director A Brooke Seawell sold 1,029 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the sale, the director now owns 1,029 shares in the company, valued at approximately $220,308.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dawn E. Hudson sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 46,868 shares in the company, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,858 shares of company stock worth $4,227,384. Corporate insiders own 5.82% of the company’s stock.

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About NVIDIA

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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