Empowered Funds LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 22.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,822 shares of the computer hardware maker’s stock after selling 830 shares during the quarter. Empowered Funds LLC’s holdings in NVIDIA were worth $1,527,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JJJ Advisors Inc. acquired a new position in NVIDIA in the third quarter worth approximately $42,000. Hoover Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 2nd quarter worth $32,000. Avondale Wealth Management bought a new position in shares of NVIDIA during the 3rd quarter valued at $49,000. Newfound Research LLC bought a new position in shares of NVIDIA during the 3rd quarter valued at $49,000. Finally, Atlantic Trust LLC lifted its stake in shares of NVIDIA by 46.9% in the 2nd quarter. Atlantic Trust LLC now owns 94 shares of the computer hardware maker’s stock valued at $36,000 after purchasing an additional 30 shares during the last quarter. 68.11% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Mizuho raised their target price on NVIDIA from $520.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Piper Sandler boosted their target price on NVIDIA from $390.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. 140166 increased their price target on NVIDIA from $450.00 to $540.00 and gave the company a “positive” rating in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $405.00 to $450.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Finally, Truist lifted their target price on shares of NVIDIA from $550.00 to $623.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and an average target price of $518.64.

In other NVIDIA news, CEO Jen Hsun Huang sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $489.84, for a total transaction of $48,984,000.00. Following the transaction, the chief executive officer now owns 1,370,600 shares of the company’s stock, valued at approximately $671,374,704. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $513.77, for a total value of $5,137,700.00. Following the sale, the director now owns 10,712 shares in the company, valued at approximately $5,503,504.24. The disclosure for this sale can be found here. Insiders have sold a total of 212,654 shares of company stock worth $110,671,595 over the last three months. Insiders own 4.47% of the company’s stock.

NVIDIA stock traded down $23.88 during midday trading on Wednesday, reaching $511.99. The stock had a trading volume of 319,132 shares, compared to its average volume of 12,963,624. The stock has a market capitalization of $330.63 billion, a P/E ratio of 94.51, a price-to-earnings-growth ratio of 3.88 and a beta of 1.55. The firm’s fifty day simple moving average is $525.35 and its 200-day simple moving average is $417.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 5.51 and a current ratio of 6.09. NVIDIA Co. has a 1-year low of $180.68 and a 1-year high of $589.07.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 19th. The computer hardware maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.21. NVIDIA had a net margin of 25.93% and a return on equity of 30.41%. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period last year, the business earned $1.24 EPS. The business’s quarterly revenue was up 50.1% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Co. will post 6.93 earnings per share for the current fiscal year.

NVIDIA Profile

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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