BDF Gestion Sells 86,711 Shares of NVIDIA Co. (NASDAQ:NVDA)

BDF Gestion lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 667,779 shares of the computer hardware maker’s stock after selling 86,711 shares during the quarter. NVIDIA accounts for approximately 8.4% of BDF Gestion’s holdings, making the stock its 3rd largest holding. BDF Gestion’s holdings in NVIDIA were worth $89,676,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ironwood Wealth Management LLC. raised its stake in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after acquiring an additional 5,695 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NVIDIA in the second quarter valued at about $31,000. Beck Bode LLC increased its holdings in shares of NVIDIA by 698.5% in the second quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock valued at $22,591,000 after purchasing an additional 159,966 shares during the period. Manchester Global Management UK Ltd raised its stake in shares of NVIDIA by 337.5% in the second quarter. Manchester Global Management UK Ltd now owns 188,240 shares of the computer hardware maker’s stock worth $23,255,000 after purchasing an additional 145,216 shares during the last quarter. Finally, Front Street Capital Management Inc. lifted its holdings in shares of NVIDIA by 930.4% during the second quarter. Front Street Capital Management Inc. now owns 7,625 shares of the computer hardware maker’s stock worth $942,000 after purchasing an additional 6,885 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVDA. Barclays raised their price target on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. UBS Group increased their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Stifel Nicolaus boosted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Tuesday, January 7th. Finally, TD Cowen boosted their price objective on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.21.

NVIDIA Stock Performance

NVDA opened at $130.28 on Tuesday. The firm has a market capitalization of $3.19 trillion, a PE ratio of 51.27, a PEG ratio of 1.76 and a beta of 1.62. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The firm’s 50-day moving average price is $134.63 and its 200 day moving average price is $131.74.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 in the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Company 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.