Nvidia Corp. (NVDA) Shares Bought by HL Financial Services LLC
HL Financial Services LLC boosted its position in shares of Nvidia Corp. (NASDAQ:NVDA) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 122,314 shares of the computer hardware maker’s stock after buying an additional 6,746 shares during the period. HL Financial Services LLC’s holdings in Nvidia Corp. were worth $5,750,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Baker Avenue Asset Management LP raised its stake in shares of Nvidia Corp. by 0.6% in the first quarter. Baker Avenue Asset Management LP now owns 32,830 shares of the computer hardware maker’s stock worth $1,170,000 after buying an additional 200 shares during the period. Columbia Partners L L C Investment Management raised its stake in shares of Nvidia Corp. by 1.1% in the first quarter. Columbia Partners L L C Investment Management now owns 29,723 shares of the computer hardware maker’s stock worth $1,059,000 after buying an additional 309 shares during the period. NEXT Financial Group Inc raised its stake in shares of Nvidia Corp. by 2.1% in the second quarter. NEXT Financial Group Inc now owns 24,914 shares of the computer hardware maker’s stock worth $1,171,000 after buying an additional 512 shares during the period. Sii Investments Inc. WI raised its stake in shares of Nvidia Corp. by 2.0% in the first quarter. Sii Investments Inc. WI now owns 41,814 shares of the computer hardware maker’s stock worth $1,495,000 after buying an additional 800 shares during the period. Finally, Sentry Investment Management LLC raised its stake in shares of Nvidia Corp. by 2.8% in the first quarter. Sentry Investment Management LLC now owns 38,578 shares of the computer hardware maker’s stock worth $1,375,000 after buying an additional 1,038 shares during the period. 86.69% of the stock is owned by institutional investors and hedge funds.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded down 0.91% during trading on Tuesday, hitting $63.09. The stock had a trading volume of 8,277,832 shares. Nvidia Corp. has a 12-month low of $22.50 and a 12-month high of $65.26. The stock has a market cap of $33.75 billion, a price-to-earnings ratio of 41.45 and a beta of 1.26. The stock’s 50-day moving average is $61.08 and its 200-day moving average is $46.94.
Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.16. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. On average, equities research analysts expect that Nvidia Corp. will post $1.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, August 23rd. Nvidia Corp.’s payout ratio is currently 30.26%.
A number of equities research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $58.00 target price on shares of Nvidia Corp. in a research report on Wednesday, June 22nd. MKM Partners reaffirmed a “buy” rating and set a $52.00 target price (up from $43.00) on shares of Nvidia Corp. in a research report on Monday, June 13th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $57.20.
In other Nvidia Corp. news, insider Michael Byron sold 409 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $63.35, for a total value of $25,910.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director A Brooke Seawell sold 30,000 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $62.52, for a total value of $1,875,600.00. Following the completion of the sale, the director now owns 6,213 shares in the company, valued at $388,436.76. The disclosure for this sale can be found here. 5.82% of the stock is owned by insiders.
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.
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