Core Alternative Capital Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Core Alternative Capital boosted its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 48.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 238 shares of the computer hardware maker’s stock after acquiring an additional 78 shares during the quarter. Core Alternative Capital’s holdings in NVIDIA were worth $70,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Greenwoods Asset Management Hong Kong Ltd. boosted its stake in NVIDIA by 405.3% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 119,314 shares of the computer hardware maker’s stock worth $35,091,000 after buying an additional 95,700 shares during the last quarter. Trivest Advisors Ltd increased its holdings in NVIDIA by 29.0% during the 4th quarter. Trivest Advisors Ltd now owns 726,000 shares of the computer hardware maker’s stock worth $213,524,000 after purchasing an additional 163,000 shares during the last quarter. Atika Capital Management LLC grew its position in shares of NVIDIA by 21.8% in the 4th quarter. Atika Capital Management LLC now owns 94,000 shares of the computer hardware maker’s stock worth $27,646,000 after acquiring an additional 16,800 shares in the last quarter. Stonegate Investment Group LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $5,927,000. Finally, Motley Fool Wealth Management LLC boosted its position in NVIDIA by 4.4% during the 4th quarter. Motley Fool Wealth Management LLC now owns 2,464 shares of the computer hardware maker’s stock valued at $725,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 55.19% of the company’s stock.

In related news, Director Mark L. Perry sold 16,716 shares of NVIDIA stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $263.80, for a total transaction of $4,409,680.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 292,340 shares of NVIDIA stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total value of $69,319,660.80. The disclosure for this sale can be found here. Insiders sold a total of 409,056 shares of company stock valued at $101,135,342 in the last 90 days. 4.23% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on NVDA shares. Robert W. Baird downgraded NVIDIA from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $360.00 to $225.00 in a report on Monday, April 11th. New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price target for the company in a research note on Wednesday, April 13th. Susquehanna cut their price objective on NVIDIA from $320.00 to $280.00 in a research report on Wednesday. StockNews.com initiated coverage on NVIDIA in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on NVIDIA from $285.00 to $255.00 and set a “hold” rating on the stock in a research report on Wednesday, April 20th. Eight analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $319.97.

Shares of NVDA traded down $9.00 during midday trading on Wednesday, hitting $172.77. The stock had a trading volume of 825,437 shares, compared to its average volume of 60,324,264. The firm has a market cap of $503.24 billion, a price-to-earnings ratio of 46.12, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59. The company has a 50 day simple moving average of $223.15 and a two-hundred day simple moving average of $256.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05. NVIDIA Co. has a twelve month low of $135.43 and a twelve month high of $346.47.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.13. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. NVIDIA’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. Analysts forecast that NVIDIA Co. will post 4.71 EPS for the current fiscal year.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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