Slow Capital Inc. Has $33.62 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Slow Capital Inc. lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,364 shares of the computer hardware maker’s stock after selling 17,729 shares during the period. NVIDIA comprises approximately 4.8% of Slow Capital Inc.’s investment portfolio, making the stock its 3rd largest holding. Slow Capital Inc.’s holdings in NVIDIA were worth $33,621,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA during the third quarter worth approximately $27,000. University of Texas Texas AM Investment Management Co. bought a new position in NVIDIA in the 2nd quarter valued at approximately $31,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the 4th quarter worth about $34,000. West Financial Advisors LLC acquired a new position in shares of NVIDIA in the third quarter valued at approximately $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on NVDA shares. Piper Sandler increased their price target on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Susquehanna upped their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Citigroup increased their price objective on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Monday, January 27th. Finally, Barclays boosted their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.21.

NVIDIA Price Performance

NASDAQ NVDA opened at $140.11 on Friday. The company has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 55.14, a PEG ratio of 1.75 and a beta of 1.62. NVIDIA Co. has a one year low of $66.25 and a one year high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a 50-day moving average of $134.66 and a 200 day moving average of $130.91.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period last year, the firm earned $0.38 earnings per share. The company’s quarterly revenue was up 93.6% on a year-over-year basis. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.