Bessemer Group Inc. increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 112.0% during the second quarter, Holdings Channel reports. The firm owned 6,910 shares of the computer hardware maker’s stock after buying an additional 3,650 shares during the period. Bessemer Group Inc.’s holdings in NVIDIA Corporation were worth $1,000,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Arete Wealth Advisors LLC raised its stake in NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock valued at $314,000 after buying an additional 10 shares during the period. Appleton Partners Inc. MA raised its stake in shares of NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after buying an additional 30 shares during the last quarter. Miles Capital Inc. raised its stake in shares of NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock valued at $427,000 after buying an additional 41 shares during the last quarter. Broderick Brian C raised its stake in shares of NVIDIA Corporation by 0.4% in the second quarter. Broderick Brian C now owns 13,806 shares of the computer hardware maker’s stock valued at $1,996,000 after buying an additional 52 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock valued at $247,000 after buying an additional 60 shares during the last quarter. 68.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 168.40 on Tuesday. The stock has a market capitalization of $100.53 billion, a P/E ratio of 48.43 and a beta of 1.24. NVIDIA Corporation has a 1-year low of $57.31 and a 1-year high of $174.56. The firm’s 50-day moving average price is $159.91 and its 200 day moving average price is $128.10.

NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.99%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company posted $0.53 earnings per share. NVIDIA Corporation’s revenue was up 56.2% on a year-over-year basis. Analysts expect that NVIDIA Corporation will post $3.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.

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NVDA has been the topic of several research analyst reports. B. Riley reissued a “buy” rating and issued a $135.00 price objective on shares of NVIDIA Corporation in a report on Monday, May 8th. Vetr lowered NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 price objective on the stock. in a report on Tuesday, April 18th. Royal Bank Of Canada reissued a “buy” rating and issued a $130.00 price objective on shares of NVIDIA Corporation in a report on Tuesday, May 2nd. Citigroup Inc. reissued a “buy” rating and issued a $145.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Finally, UBS AG reissued a “buy” rating and issued a $132.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. NVIDIA Corporation presently has an average rating of “Hold” and an average target price of $145.84.

In other NVIDIA Corporation news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $130.02, for a total value of $325,050.00. Following the transaction, the director now owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the transaction, the director now directly owns 30,762 shares in the company, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. Insiders sold 572,282 shares of company stock worth $86,830,082 in the last three months. 5.17% of the stock is currently owned by corporate insiders.

About NVIDIA Corporation

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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Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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