First Mercantile Trust Co. raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 33.3% in the 4th quarter, HoldingsChannel reports. The firm owned 4,800 shares of the computer hardware maker’s stock after acquiring an additional 1,200 shares during the quarter. First Mercantile Trust Co.’s holdings in NVIDIA were worth $641,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVDA. FMR LLC grew its holdings in shares of NVIDIA by 1.5% during the third quarter. FMR LLC now owns 49,322,285 shares of the computer hardware maker’s stock valued at $13,860,548,000 after buying an additional 727,863 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of NVIDIA by 4.0% during the third quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after buying an additional 1,693,736 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of NVIDIA by 4.0% during the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after buying an additional 1,693,736 shares during the last quarter. BlackRock Inc. grew its holdings in shares of NVIDIA by 0.9% during the third quarter. BlackRock Inc. now owns 38,929,045 shares of the computer hardware maker’s stock valued at $10,939,840,000 after buying an additional 366,217 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of NVIDIA by 10.9% during the third quarter. Jennison Associates LLC now owns 8,650,557 shares of the computer hardware maker’s stock valued at $2,430,980,000 after buying an additional 850,445 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Colette Kress sold 889 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the sale, the chief financial officer now owns 259,912 shares of the company’s stock, valued at $38,443,583.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 6,345 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the sale, the executive vice president now directly owns 177,911 shares in the company, valued at approximately $24,076,695.63. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Shares of NVDA stock opened at $153.00 on Thursday. The stock has a market capitalization of $91.00 billion, a price-to-earnings ratio of 32.76, a P/E/G ratio of 3.00 and a beta of 1.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.20 and a current ratio of 7.08. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 15th. The computer hardware maker reported $1.67 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.06). The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion. NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. Research analysts predict that NVIDIA Co. will post 5.77 earnings per share for the current year.

A number of research analysts have recently issued reports on the stock. ValuEngine cut shares of NVIDIA from a “hold” rating to a “sell” rating in a report on Monday, November 12th. Royal Bank of Canada cut their price target on shares of NVIDIA from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, December 27th. Morgan Stanley cut shares of NVIDIA from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $220.00 to $148.00 in a report on Tuesday, January 29th. BMO Capital Markets cut their price target on shares of NVIDIA to $130.00 and set a “market perform” rating on the stock in a report on Tuesday, January 29th. Finally, Raymond James cut their price target on shares of NVIDIA from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-four have issued a buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $219.88.

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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.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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