AGF Investments America Inc. Purchases Shares of 8,059 NVIDIA Corporation (NVDA)
AGF Investments America Inc. bought a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,059 shares of the computer hardware maker’s stock, valued at approximately $1,441,000.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in NVIDIA by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after purchasing an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. increased its stake in NVIDIA by 8.8% in the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after purchasing an additional 463,306 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of NVIDIA by 19.3% in the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of NVIDIA by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NVIDIA by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after buying an additional 46,686 shares during the period. 65.28% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Corporation (NVDA) opened at $216.96 on Friday. NVIDIA Corporation has a 1 year low of $84.77 and a 1 year high of $218.67. The company has a market cap of $131,477.77, a PE ratio of 53.44, a P/E/G ratio of 4.70 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the firm earned $0.94 earnings per share. NVIDIA’s revenue for the quarter was up 31.5% compared to the same quarter last year. analysts anticipate that NVIDIA Corporation will post 4.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. NVIDIA’s dividend payout ratio (DPR) is currently 14.89%.
In other NVIDIA news, Director Dawn E. Hudson sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the transaction, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the transaction, the director now directly owns 1,029 shares in the company, valued at $220,308.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 452,532 shares of company stock worth $82,218,204. 5.82% of the stock is owned by insiders.
Several research analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $200.00 price target (up previously from $135.00) on shares of NVIDIA in a report on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $110.00 price target on shares of NVIDIA in a report on Friday, August 11th. MKM Partners reiterated a “neutral” rating and issued a $120.00 price target (up previously from $106.00) on shares of NVIDIA in a report on Monday, August 14th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $140.00 price target on shares of NVIDIA in a report on Wednesday, August 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of NVIDIA in a report on Saturday, September 23rd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $186.85.
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NVIDIA Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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