Russell Clark Investment Management Ltd Buys Shares of 1,900 NVIDIA Co. (NASDAQ:NVDA)


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Russell Clark Investment Management Ltd acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,900 shares of the computer hardware maker’s stock, valued at approximately $992,000.

Other large investors have also modified their holdings of the company. PrairieView Partners LLC purchased a new position in NVIDIA in the fourth quarter worth $26,000. NewSquare Capital LLC acquired a new stake in NVIDIA during the 3rd quarter valued at approximately $32,000. Cedar Mountain Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $34,000. CVA Family Office LLC acquired a new position in NVIDIA during the third quarter valued at $40,000. Finally, Your Advocates Ltd. LLP purchased a new stake in NVIDIA in the third quarter valued at $42,000. 65.70% of the stock is owned by institutional investors.

In related news, CFO Colette Kress bought 200 shares of the firm’s stock in a transaction that occurred on Thursday, December 3rd. The shares were acquired at an average cost of $536.95 per share, for a total transaction of $107,390.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 356 shares of the company’s stock in a transaction dated Thursday, January 7th. The shares were sold at an average price of $528.73, for a total transaction of $188,227.88. The disclosure for this sale can be found here. Insiders have sold a total of 4,824 shares of company stock worth $2,587,435 over the last ninety days. 4.47% of the stock is owned by corporate insiders.

Shares of NASDAQ NVDA traded down $16.64 during trading on Tuesday, reaching $557.59. The company had a trading volume of 299,048 shares, compared to its average volume of 7,845,163. The company has a current ratio of 3.92, a quick ratio of 3.52 and a debt-to-equity ratio of 0.39. NVIDIA Co. has a twelve month low of $180.68 and a twelve month high of $614.90. The stock has a 50-day moving average price of $550.24 and a two-hundred day moving average price of $528.47. The stock has a market capitalization of $345.15 billion, a PE ratio of 92.14, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45.

A number of research firms recently issued reports on NVDA. Truist lifted their price target on shares of NVIDIA from $643.00 to $672.00 in a research note on Friday, January 15th. Rosenblatt Securities upped their price target on shares of NVIDIA from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $515.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday. New Street Research upgraded NVIDIA from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 3rd. Finally, Cascend Securities boosted their price target on NVIDIA from $610.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, November 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company. NVIDIA has a consensus rating of “Buy” and an average target price of $566.49.

About NVIDIA

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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