Norris Perne & French LLP MI Increases Stake in NVIDIA Corporation $NVDA
Norris Perne & French LLP MI boosted its stake in NVIDIA by 290.5% in the fourth quarter, owning 65,228 shares valued at $12.165 million.Summary
Norris Perne & French LLP MI increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 290.5% during the fourth quarter, acquiring an additional 48,523 shares to hold a total of 65,228 shares valued at $12,165,000. This move follows a broader trend among institutional investors, with several major players, including State Street Corp, Geode Capital Management LLC, and Legal & General Group Plc, adjusting their stakes in the computer hardware maker. Analyst sentiment remains overwhelmingly positive, with a consensus rating of "Buy" and a target price of $275.25. The company recently reported strong quarterly earnings, beating estimates with earnings per share of $1.62 and revenue of $68.13 billion. Despite a recent 4.6% stock decline, NVIDIA continues to be a dominant force in the AI and data center markets, supported by strong demand for its GPUs and a robust product pipeline.
(Source：Bbns)