McLean Asset Management Corp Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

McLean Asset Management Corp lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,929 shares of the computer hardware maker’s stock after buying an additional 1,157 shares during the quarter. NVIDIA makes up approximately 1.9% of McLean Asset Management Corp’s investment portfolio, making the stock its 14th largest position. McLean Asset Management Corp’s holdings in NVIDIA were worth $6,436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Pacer Advisors Inc. boosted its holdings in shares of NVIDIA by 6.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,543,357 shares of the computer hardware maker’s stock valued at $341,547,000 after acquiring an additional 158,189 shares in the last quarter. Center For Asset Management LLC grew its stake in shares of NVIDIA by 26.8% during the 4th quarter. Center For Asset Management LLC now owns 33,011 shares of the computer hardware maker’s stock worth $4,433,000 after purchasing an additional 6,970 shares during the period. United Asset Strategies Inc. increased its holdings in shares of NVIDIA by 1.9% in the 4th quarter. United Asset Strategies Inc. now owns 294,962 shares of the computer hardware maker’s stock valued at $39,610,000 after purchasing an additional 5,608 shares in the last quarter. waypoint wealth counsel lifted its stake in shares of NVIDIA by 1.5% in the fourth quarter. waypoint wealth counsel now owns 21,149 shares of the computer hardware maker’s stock valued at $2,840,000 after purchasing an additional 319 shares during the period. Finally, KBC Group NV boosted its holdings in NVIDIA by 2.7% during the fourth quarter. KBC Group NV now owns 16,198,679 shares of the computer hardware maker’s stock worth $2,175,321,000 after buying an additional 426,135 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NVDA shares. Evercore ISI increased their target price on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Bank of America reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. HSBC dropped their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Phillip Securities reiterated an “accumulate” rating and set a $160.00 price target (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Finally, Redburn Atlantic started coverage on NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price for the company. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $168.21.

NVIDIA Stock Up 0.6 %

NVDA stock opened at $140.11 on Friday. The company has a market capitalization of $3.43 trillion, a P/E ratio of 55.14, a PEG ratio of 1.75 and a beta of 1.62. The firm has a 50 day simple moving average of $134.66 and a 200-day simple moving average of $130.91. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $66.25 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.