Clear Perspective Advisors LLC Has $383,000 Holdings in NVIDIA Corporation (NVDA)
Clear Perspective Advisors LLC continued to hold its position in NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,650 shares of the computer hardware maker’s stock at the end of the 2nd quarter. Clear Perspective Advisors LLC’s holdings in NVIDIA Corporation were worth $383,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Evercore Wealth Management LLC raised its position in shares of NVIDIA Corporation by 36.9% in the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 206 shares during the period. TB Alternative Assets Ltd. purchased a new stake in NVIDIA Corporation during the second quarter valued at about $116,000. Proficio Capital Partners LLC grew its position in NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after acquiring an additional 547 shares during the period. Thompson Davis & CO. Inc. grew its position in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Finally, Hanson McClain Inc. grew its position in NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 65.79% of the company’s stock.
In other news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Byron sold 409 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the transaction, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 486,940 shares of company stock worth $84,186,080. Insiders own 5.17% of the company’s stock.
NVIDIA Corporation (NASDAQ NVDA) traded up 0.79% on Wednesday, hitting $180.79. 6,547,102 shares of the company were exchanged. The firm has a market cap of $108.47 billion, a price-to-earnings ratio of 52.00 and a beta of 1.28. NVIDIA Corporation has a one year low of $63.70 and a one year high of $191.20. The stock has a 50 day moving average price of $170.84 and a 200 day moving average price of $144.33.
NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
NVDA has been the subject of several research analyst reports. UBS AG restated a “buy” rating and set a $168.00 price target (up from $148.00) on shares of NVIDIA Corporation in a research note on Friday, June 9th. B. Riley reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA Corporation in a research note on Sunday, August 13th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 target price on shares of NVIDIA Corporation in a report on Friday, August 11th. Barclays PLC boosted their target price on NVIDIA Corporation from $10.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Instinet reissued a “reduce” rating and set a $110.00 target price (up previously from $90.00) on shares of NVIDIA Corporation in a research report on Monday, August 14th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $154.62.
NVIDIA Corporation 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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