Field & Main Bank Has $932,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Field & Main Bank raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 264.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,501 shares of the computer hardware maker’s stock after purchasing an additional 3,267 shares during the quarter. Field & Main Bank’s holdings in NVIDIA were worth $932,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in NVIDIA by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 48,318,201 shares of the computer hardware maker’s stock valued at $38,659,392,000 after purchasing an additional 332,992 shares during the last quarter. State Street Corp lifted its holdings in NVIDIA by 0.7% during the 2nd quarter. State Street Corp now owns 24,401,854 shares of the computer hardware maker’s stock valued at $19,527,743,000 after purchasing an additional 181,637 shares during the last quarter. Edgewood Management LLC lifted its holdings in NVIDIA by 238.8% during the 2nd quarter. Edgewood Management LLC now owns 17,989,080 shares of the computer hardware maker’s stock valued at $3,598,266,000 after purchasing an additional 12,678,710 shares during the last quarter. Geode Capital Management LLC lifted its holdings in NVIDIA by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 9,850,485 shares of the computer hardware maker’s stock valued at $7,858,376,000 after purchasing an additional 173,823 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in NVIDIA by 4.2% during the 2nd quarter. Jennison Associates LLC now owns 7,452,319 shares of the computer hardware maker’s stock valued at $5,962,600,000 after purchasing an additional 302,271 shares during the last quarter. 19.24% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. Wedbush cut NVIDIA from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $220.00 to $300.00 in a research report on Friday, November 12th. They noted that the move was a valuation call. Raymond James increased their price objective on NVIDIA from $225.00 to $365.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 18th. They noted that the move was a valuation call. Mizuho increased their price objective on NVIDIA from $235.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. Credit Suisse Group increased their price objective on NVIDIA from $225.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 16th. Finally, Oppenheimer increased their price objective on NVIDIA from $235.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 11th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $326.78.

NVIDIA stock traded up $9.28 during midday trading on Thursday, reaching $326.74. The company’s stock had a trading volume of 43,469,906 shares, compared to its average volume of 34,447,004. The business has a 50-day moving average price of $248.30 and a 200-day moving average price of $210.84. NVIDIA Co. has a 52 week low of $115.67 and a 52 week high of $346.47. The stock has a market cap of $814.24 billion, a PE ratio of 116.48, a price-to-earnings-growth ratio of 4.45 and a beta of 1.46. The company has a current ratio of 5.80, a quick ratio of 5.33 and a debt-to-equity ratio of 0.52.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 40.88% and a net margin of 32.33%. During the same quarter last year, the business earned $0.60 EPS. As a group, research analysts predict that NVIDIA Co. will post 3.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.05%. The ex-dividend date is Wednesday, December 1st. NVIDIA’s payout ratio is 5.70%.

In related news, Director Persis Drell sold 10,000 shares of NVIDIA stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $326.65, for a total value of $3,266,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 58,000 shares of NVIDIA stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $342.58, for a total value of $19,869,640.00. The disclosure for this sale can be found here. Insiders have sold 78,000 shares of company stock worth $25,222,940 over the last three months. Insiders own 4.47% of the company’s stock.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. 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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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