125,100 Shares in Nvidia Corp. (NVDA) Acquired by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL purchased a new position in shares of Nvidia Corp. (NASDAQ:NVDA) during the second quarter, Holdings Channel reports. The fund purchased 125,100 shares of the computer hardware maker’s stock, valued at approximately $5,881,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its stake in Nvidia Corp. by 568.9% in the second quarter. Jennison Associates LLC now owns 9,402,566 shares of the computer hardware maker’s stock valued at $442,015,000 after buying an additional 7,996,913 shares during the last quarter. Norges Bank bought a new stake in Nvidia Corp. during the fourth quarter valued at $169,615,000. Egerton Capital UK LLP boosted its stake in Nvidia Corp. by 51.6% in the second quarter. Egerton Capital UK LLP now owns 4,751,116 shares of the computer hardware maker’s stock valued at $223,350,000 after buying an additional 1,616,816 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Nvidia Corp. by 93.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,256,177 shares of the computer hardware maker’s stock valued at $153,075,000 after buying an additional 1,570,339 shares during the last quarter. Finally, KEYWISE CAPITAL MANAGEMENT Ltd bought a new stake in Nvidia Corp. during the first quarter valued at $38,416,000. Institutional investors own 86.69% of the company’s stock.
Nvidia Corp. (NASDAQ:NVDA) opened at 63.67 on Tuesday. Nvidia Corp. has a 52 week low of $22.50 and a 52 week high of $65.26. The company has a 50-day moving average of $60.96 and a 200-day moving average of $46.84. The firm has a market cap of $34.06 billion, a price-to-earnings ratio of 41.83 and a beta of 1.26.
Nvidia Corp. (NASDAQ:NVDA) last issued its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.16. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. Nvidia Corp.’s revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. Equities research analysts forecast that Nvidia Corp. will post $1.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.72%. The ex-dividend date was Tuesday, August 23rd. Nvidia Corp.’s dividend payout ratio is presently 30.26%.
NVDA has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and set a $58.00 price target on shares of Nvidia Corp. in a research note on Wednesday, June 22nd. MKM Partners restated a “buy” rating and set a $52.00 price target (up previously from $43.00) on shares of Nvidia Corp. in a research note on Monday, June 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have issued a buy rating to the company. Nvidia Corp. currently has an average rating of “Buy” and an average price target of $57.20.
In related news, Director Mark L. Perry sold 35,000 shares of the stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $52.93, for a total transaction of $1,852,550.00. Following the transaction, the director now directly owns 97,292 shares of the company’s stock, valued at $5,149,665.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 40,000 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $52.94, for a total transaction of $2,117,600.00. Following the transaction, the chief executive officer now directly owns 1,817,279 shares in the company, valued at $96,206,750.26. The disclosure for this sale can be found here. Corporate insiders own 5.82% of the company’s stock.
About Nvidia Corp.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nvidia Corp. (NASDAQ:NVDA).
Receive News & Ratings for Nvidia Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvidia Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.