Alps Advisors Inc. increased its position in NVIDIA Co. (NASDAQ:NVDA) by 161.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,168 shares of the computer hardware maker’s stock after buying an additional 3,813 shares during the quarter. Alps Advisors Inc.’s holdings in NVIDIA were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of NVIDIA by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 45,990,868 shares of the computer hardware maker’s stock worth $7,553,081,000 after buying an additional 528,040 shares during the period. Jennison Associates LLC raised its position in shares of NVIDIA by 10.6% in the 2nd quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock worth $1,427,168,000 after buying an additional 832,508 shares during the period. Edgewood Management LLC raised its position in shares of NVIDIA by 0.4% in the 2nd quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock worth $1,295,831,000 after buying an additional 31,623 shares during the period. Invesco Ltd. raised its position in shares of NVIDIA by 4.3% in the 2nd quarter. Invesco Ltd. now owns 7,364,460 shares of the computer hardware maker’s stock worth $1,209,466,000 after buying an additional 304,337 shares during the period. Finally, Northern Trust Corp raised its position in shares of NVIDIA by 3.3% in the 2nd quarter. Northern Trust Corp now owns 7,183,137 shares of the computer hardware maker’s stock worth $1,179,686,000 after buying an additional 230,497 shares during the period. 64.45% of the stock is currently owned by institutional investors and hedge funds.

NVDA has been the topic of several research reports. Oppenheimer set a $190.00 target price on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Daiwa Capital Markets set a $200.00 price target on NVIDIA and gave the company a “buy” rating in a report on Wednesday, August 21st. Wedbush set a $184.00 price target on NVIDIA and gave the company a “buy” rating in a report on Friday, August 16th. Needham & Company LLC reiterated a “sell” rating on shares of NVIDIA in a report on Friday, August 16th. Finally, Goldman Sachs Group increased their price target on NVIDIA from $179.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $189.15.

In related news, Director James C. Gaither sold 10,000 shares of NVIDIA stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.37, for a total value of $1,823,700.00. Following the completion of the transaction, the director now directly owns 4,279 shares in the company, valued at $780,361.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 31,357 shares of NVIDIA stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $179.01, for a total value of $5,613,216.57. The disclosure for this sale can be found here. Insiders sold 66,383 shares of company stock valued at $11,625,217 over the last quarter. Insiders own 4.64% of the company’s stock.

Shares of NVIDIA stock opened at $207.78 on Monday. The business has a 50-day moving average of $189.47 and a 200-day moving average of $169.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74. The company has a market capitalization of $127.65 billion, a PE ratio of 34.23, a P/E/G ratio of 5.39 and a beta of 2.06. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $211.70.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.37. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The company’s revenue was down 17.4% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. On average, equities analysts expect that NVIDIA Co. will post 4.07 earnings per share for the current fiscal year.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. 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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