Cable Hill Partners LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,607 shares of the computer hardware maker’s stock after buying an additional 86 shares during the quarter. NVIDIA comprises approximately 0.2% of Cable Hill Partners LLC’s portfolio, making the stock its 26th largest holding. Cable Hill Partners LLC’s holdings in NVIDIA were worth $839,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Premier Fund Managers Ltd increased its stake in shares of NVIDIA by 5.6% in the fourth quarter. Premier Fund Managers Ltd now owns 9,524 shares of the computer hardware maker’s stock valued at $5,006,000 after buying an additional 506 shares in the last quarter. Parisi Gray Wealth Management increased its position in NVIDIA by 7.5% in the fourth quarter. Parisi Gray Wealth Management now owns 2,186 shares of the computer hardware maker’s stock worth $1,142,000 after purchasing an additional 152 shares during the period. Swedbank increased its position in NVIDIA by 9.9% in the fourth quarter. Swedbank now owns 1,678,471 shares of the computer hardware maker’s stock worth $882,590,000 after purchasing an additional 151,167 shares during the period. Hanlon Investment Management Inc. increased its position in NVIDIA by 39.4% in the fourth quarter. Hanlon Investment Management Inc. now owns 1,443 shares of the computer hardware maker’s stock worth $754,000 after purchasing an additional 408 shares during the period. Finally, Blair William & Co. IL increased its position in NVIDIA by 11.4% in the fourth quarter. Blair William & Co. IL now owns 145,140 shares of the computer hardware maker’s stock worth $75,792,000 after purchasing an additional 14,877 shares during the period. Institutional investors own 65.70% of the company’s stock.

Shares of NVIDIA stock traded down $35.17 on Tuesday, reaching $539.06. 77,530 shares of the company were exchanged, compared to its average volume of 7,845,163. NVIDIA Co. has a one year low of $180.68 and a one year high of $614.90. The company has a market capitalization of $333.68 billion, a price-to-earnings ratio of 92.14, a PEG ratio of 3.87 and a beta of 1.45. The company has a current ratio of 3.92, a quick ratio of 3.52 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $550.24 and a 200 day moving average of $528.47.

A number of analysts recently commented on the company. Susquehanna Bancshares lifted their price objective on NVIDIA from $625.00 to $700.00 and gave the stock a “positive” rating in a research report on Monday. Smith Barney Citigroup lifted their price objective on NVIDIA from $540.00 to $600.00 in a research report on Thursday, November 19th. UBS Group lifted their price objective on NVIDIA from $625.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Raymond James lifted their price objective on NVIDIA from $550.00 to $600.00 and gave the stock an “outperform” rating in a research report on Thursday, November 19th. Finally, Rosenblatt Securities boosted their target price on NVIDIA from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $566.49.

In other news, Director John Dabiri sold 185 shares of the company’s stock in a transaction that occurred on Wednesday, December 23rd. The stock was sold at an average price of $529.85, for a total transaction of $98,022.25. Following the sale, the director now owns 1,251 shares in the company, valued at approximately $662,842.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 356 shares of the company’s stock in a transaction that occurred on Thursday, January 7th. The stock was sold at an average price of $528.73, for a total value of $188,227.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,824 shares of company stock worth $2,587,435. Company insiders own 4.47% of the company’s stock.

NVIDIA Company 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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