Country Trust Bank lifted its position in shares of Nvidia by 490.0% during the 4th quarter. Bruderman Asset Management LLC acquired a new position in shares of Nvidia during the first quarter worth about $127,000. New York State Common Retirement Fund now owns 1,583,055 shares of the computer hardware maker's stock worth $366,620,000 after buying an additional 23,924 shares during the period. North Star Investment Management Corp. increased its holdings in Nvidia by 67.3% in the 4th quarter. NVIDIA Corporation (NASDAQ:NVDA), at its latest closing price of $255.78, it has a price-to-book ratio of 20.31, compared to an industry average at 2.34. Grassi Investment Management raised its position in shares of Nvidia by 1.4% during the fourth quarter. The fund owned 1,956 shares of the computer hardware maker's stock after acquiring an additional 601 shares during the quarter.
The U.S. company best known for chips that enhance video game graphics has diversified into an array of businesses including artificial intelligence, self-driving cars and digital mining, but investors are most concerned with its inroads in the market for cloud computing.
A number of large investors have recently bought and sold shares of the business. Morgan Stanley maintained it with "Equal-Weight" rating and $258 target in Friday, February 9 report. Finally, BidaskClub upgraded shares of Nvidia from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 2nd. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned "Hold" rating by BMO Capital Markets on Friday, February 9.
Analysts' mean recommendation for NVIDIA Corporation (NVDA) stands at 2.30. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, February 6 report.
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NVIDIA Corporation (NVDA) stock is now trading 23.88% away from its average-price of 200 days while it maintained a distance of 9.16% from its 50 Days Moving Average and 10.77% compared with the 20 Day Moving Average. Nvidia has a 1-year low of $257.21 and a 1-year high of $259.90. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27.
More than half of Nvidia's revenue still stems from its gaming business, which was down one percent from last quarter but up 68 percent over the past year, to $1.72 billion. The computer hardware maker reported $1.72 EPS for the quarter, topping the consensus estimate of $1.16 by $0.56. NVIDIA says that the margin growth comes down to "higher value platforms in the GPU segment", meaning more high-end graphics cards were sold, with more profit made on each of them. The company had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $2.88 billion.
It wasn't just GeForce cards that saw a strong performance, either, with Nvidia's data center profits hitting $701 million (£520 million, AU$930 million), up 71% compared to the same quarter previous year.
In other Nvidia news, Director Mark L. Perry sold 17,307 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $239.45, for a total value of $7,674,133.05. Following the transaction, the executive vice president now owns 201,796 shares of the company's stock, valued at $48,320,052.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.