Rathbone Brothers plc Trims Holdings in NVIDIA Co. (NVDA)

Rathbone Brothers plc decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,822 shares of the computer hardware maker’s stock after selling 326 shares during the quarter. Rathbone Brothers plc’s holdings in NVIDIA were worth $2,198,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. lifted its holdings in NVIDIA by 111.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 443 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 233 shares in the last quarter. Kwmg LLC acquired a new position in NVIDIA during the 2nd quarter worth $105,000. Almanack Investment Partners LLC. acquired a new position in NVIDIA during the 2nd quarter worth $127,000. Ropes Wealth Advisors LLC raised its position in shares of NVIDIA by 561.8% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 589 shares of the computer hardware maker’s stock valued at $140,000 after acquiring an additional 500 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of NVIDIA during the 2nd quarter valued at $159,000. 65.69% of the stock is currently owned by hedge funds and other institutional investors.

NVDA has been the subject of several recent research reports. Evercore ISI upped their target price on shares of NVIDIA from $300.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Friday, October 5th. BidaskClub cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Benchmark reiterated a “buy” rating and set a $310.00 target price (up previously from $280.00) on shares of NVIDIA in a research report on Thursday, September 20th. Finally, UBS Group upgraded shares of NVIDIA from a “market perform” rating to an “outperform” rating in a research report on Friday, August 17th. Ten equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $293.09.

NVDA opened at $246.54 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.41 and a quick ratio of 6.66. NVIDIA Co. has a 12 month low of $180.58 and a 12 month high of $292.76. The firm has a market capitalization of $170.86 billion, a P/E ratio of 52.79, a PEG ratio of 3.68 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.28. NVIDIA had a net margin of 36.21% and a return on equity of 54.18%. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Co. will post 7.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Thursday, August 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Wednesday, August 29th. NVIDIA’s dividend payout ratio is currently 12.85%.

In other NVIDIA news, EVP Ajay K. Puri sold 90,831 shares of the stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the completion of the transaction, the executive vice president now owns 184,001 shares in the company, valued at approximately $53,240,689.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Byron sold 11,257 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $263.94, for a total value of $2,971,172.58. Following the transaction, the insider now owns 81,414 shares of the company’s stock, valued at approximately $21,488,411.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,707 shares of company stock valued at $32,347,973. 4.70% of the stock is owned by corporate insiders.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through 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 game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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