Burleson & Company LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the third quarter, Holdings Channel reports. The fund purchased 3,329 shares of the computer hardware maker’s stock, valued at approximately $482,000.

Other hedge funds have also modified their holdings of the company. Boston Family Office LLC lifted its holdings in shares of NVIDIA by 141.7% during the third quarter. Boston Family Office LLC now owns 2,175 shares of the computer hardware maker’s stock worth $611,000 after purchasing an additional 1,275 shares during the period. Whittier Trust Co. lifted its holdings in shares of NVIDIA by 18.3% during the third quarter. Whittier Trust Co. now owns 29,872 shares of the computer hardware maker’s stock worth $8,394,000 after purchasing an additional 4,616 shares during the period. Chicago Equity Partners LLC lifted its holdings in shares of NVIDIA by 1.1% during the third quarter. Chicago Equity Partners LLC now owns 31,020 shares of the computer hardware maker’s stock worth $8,717,000 after purchasing an additional 350 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of NVIDIA by 8,302.4% during the second quarter. OppenheimerFunds Inc. now owns 311,478 shares of the computer hardware maker’s stock worth $73,789,000 after purchasing an additional 307,771 shares during the period. Finally, Advisor Partners LLC lifted its holdings in shares of NVIDIA by 5.0% during the third quarter. Advisor Partners LLC now owns 16,269 shares of the computer hardware maker’s stock worth $4,572,000 after purchasing an additional 779 shares during the period. Institutional investors and hedge funds own 67.56% of the company’s stock.

NVIDIA stock opened at $158.29 on Friday. The company has a market capitalization of $95.84 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.97. NVIDIA Co. has a 12 month low of $133.31 and a 12 month high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 15th. The computer hardware maker reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.06). The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. As a group, equities analysts predict that NVIDIA Co. will post 6.45 EPS for the current fiscal year.

In related news, EVP Ajay K. Puri sold 90,831 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the completion of the sale, the executive vice president now directly owns 184,001 shares in the company, valued at $53,240,689.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 11,576 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the sale, the chief financial officer now owns 297,482 shares of the company’s stock, valued at $79,222,431.42. The disclosure for this sale can be found here. Insiders have sold 113,664 shares of company stock valued at $32,335,927 over the last quarter. 4.70% of the stock is owned by company insiders.

A number of equities research analysts recently commented on NVDA shares. Goldman Sachs Group raised NVIDIA from a “buy” rating to a “conviction-buy” rating and decreased their target price for the stock from $324.00 to $305.00 in a report on Thursday, October 18th. Evercore ISI boosted their price target on NVIDIA from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Credit Suisse Group initiated coverage on NVIDIA in a report on Monday, November 26th. They issued an “outperform” rating and a $225.00 price target for the company. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Friday, October 5th. Finally, Needham & Company LLC boosted their price target on NVIDIA from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 14th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $257.76.

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NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through 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 game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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