Huntington National Bank increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,352 shares of the computer hardware maker’s stock after purchasing an additional 118 shares during the quarter. Huntington National Bank’s holdings in NVIDIA were worth $235,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of NVDA. Pacific Center for Financial Services raised its position in NVIDIA by 143.1% during the second quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. LLBH Private Wealth Management LLC bought a new position in NVIDIA during the second quarter valued at approximately $27,000. Marquette Asset Management LLC raised its position in NVIDIA by 416.7% during the third quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock valued at $27,000 after acquiring an additional 125 shares in the last quarter. Field & Main Bank bought a new position in NVIDIA during the second quarter valued at approximately $33,000. Finally, Investors Research Corp raised its position in NVIDIA by 313.0% during the third quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 64.45% of the company’s stock.
Shares of NVIDIA stock traded down $0.56 during midday trading on Friday, hitting $207.78. The company had a trading volume of 4,727,100 shares, compared to its average volume of 11,881,960. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $211.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74. The business’s 50 day simple moving average is $189.47 and its two-hundred day simple moving average is $169.78. The stock has a market cap of $127.65 billion, a PE ratio of 34.23, a P/E/G ratio of 5.39 and a beta of 2.06.
In related news, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $167.36, for a total value of $418,400.00. Following the completion of the transaction, the director now directly owns 18,184 shares of the company’s stock, valued at $3,043,274.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 31,357 shares of NVIDIA stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $179.01, for a total value of $5,613,216.57. The disclosure for this sale can be found here. Insiders sold 66,383 shares of company stock valued at $11,625,217 over the last ninety days. 4.64% of the stock is currently owned by company insiders.
Several brokerages recently weighed in on NVDA. Susquehanna Bancshares set a $190.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Co raised their price objective on shares of NVIDIA from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. BidaskClub raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 price target on shares of NVIDIA in a research report on Friday, August 16th. Finally, Bank of America lifted their price target on shares of NVIDIA from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $189.15.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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