Signature Estate & Investment Advisors LLC Has $325,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)


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Signature Estate & Investment Advisors LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 46.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622 shares of the computer hardware maker’s stock after acquiring an additional 198 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in NVIDIA were worth $325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Great West Life Assurance Co. Can raised its holdings in NVIDIA by 226.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,827,816 shares of the computer hardware maker’s stock valued at $301,754,000 after acquiring an additional 1,267,667 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in NVIDIA by 132.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,096,639 shares of the computer hardware maker’s stock valued at $593,523,000 after acquiring an additional 625,745 shares in the last quarter. Jennison Associates LLC raised its holdings in NVIDIA by 6.6% in the 3rd quarter. Jennison Associates LLC now owns 8,302,556 shares of the computer hardware maker’s stock valued at $4,493,509,000 after acquiring an additional 516,044 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in NVIDIA by 15.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,908,085 shares of the computer hardware maker’s stock valued at $1,032,694,000 after acquiring an additional 261,363 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in NVIDIA by 1,335.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 228,909 shares of the computer hardware maker’s stock valued at $123,527,000 after acquiring an additional 212,962 shares in the last quarter. 61.27% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Debora Shoquist sold 35,340 shares of the company’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $549.04, for a total transaction of $19,403,073.60. Following the sale, the executive vice president now owns 116,068 shares in the company, valued at approximately $63,725,974.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 356 shares of the company’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $540.52, for a total value of $192,425.12. Following the transaction, the director now directly owns 356 shares in the company, valued at $192,425.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,164 shares of company stock worth $21,990,509. 4.47% of the stock is owned by corporate insiders.

Shares of NVIDIA stock opened at $541.27 on Thursday. NVIDIA Co. has a one year low of $180.68 and a one year high of $589.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.92 and a quick ratio of 3.52. The stock’s 50-day moving average is $529.17 and its 200 day moving average is $498.57. The firm has a market cap of $335.05 billion, a price-to-earnings ratio of 88.59, a PEG ratio of 3.76 and a beta of 1.47.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Tuesday, November 17th. The computer hardware maker reported $2.91 EPS for the quarter, beating the consensus estimate of $2.57 by $0.34. NVIDIA had a return on equity of 32.61% and a net margin of 25.89%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, sell-side analysts expect that NVIDIA Co. will post 7.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 29th. Investors of record on Friday, December 4th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 3rd. This represents a $0.64 annualized dividend and a dividend yield of 0.12%. NVIDIA’s payout ratio is 13.94%.

Several brokerages have weighed in on NVDA. Barclays lifted their price objective on NVIDIA from $525.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, November 19th. Bank of America boosted their price target on NVIDIA from $650.00 to $665.00 and gave the stock a “buy” rating in a report on Thursday, November 19th. Oppenheimer reissued a “buy” rating and set a $600.00 price target on shares of NVIDIA in a report on Tuesday. Mizuho boosted their price target on NVIDIA from $575.00 to $605.00 and gave the stock a “buy” rating in a report on Thursday, November 19th. Finally, New Street Research cut NVIDIA from a “neutral” rating to a “sell” rating and set a $400.00 price target for the company. in a report on Thursday, October 8th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-nine have issued a buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and an average target price of $545.84.

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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