Cim LLC Reduces Position in NVIDIA Corporation (NVDA)
Cim LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,737 shares of the computer hardware maker’s stock after selling 534 shares during the period. Cim LLC’s holdings in NVIDIA were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of NVIDIA by 160.9% in the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after acquiring an additional 120,734 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of NVIDIA by 1.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock worth $148,307,000 after purchasing an additional 9,565 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of NVIDIA by 3.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after purchasing an additional 71,458 shares during the last quarter. Spectrum Management Group Inc. purchased a new stake in shares of NVIDIA during the 3rd quarter worth $383,000. Finally, Coastline Trust Co purchased a new stake in shares of NVIDIA during the 3rd quarter worth $871,000. Institutional investors and hedge funds own 63.41% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $5.76 on Tuesday, reaching $239.45. 6,440,000 shares of the company’s stock traded hands, compared to its average volume of 12,150,000. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a one year low of $95.17 and a one year high of $239.66. The firm has a market capitalization of $145,110.00, a price-to-earnings ratio of 59.86, a P/E/G ratio of 5.36 and a beta of 1.18.
Several equities research analysts have recently issued reports on NVDA shares. Oppenheimer reaffirmed a “hold” rating on shares of NVIDIA in a research report on Sunday, November 5th. Bank of America reissued a “buy” rating and issued a $275.00 price target (up from $251.00) on shares of NVIDIA in a research report on Friday. B. Riley reissued a “buy” rating and issued a $270.00 price target on shares of NVIDIA in a research report on Monday, January 8th. Jefferies Group boosted their price target on shares of NVIDIA from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Barclays boosted their price target on shares of NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $193.29.
In related news, CFO Colette Kress sold 171 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the transaction, the director now directly owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. Insiders have sold 19,858 shares of company stock worth $4,227,384 over the last 90 days. 5.17% of the stock is currently owned by company insiders.
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Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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