Nikko Asset Management Americas Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 1,344.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 104,000 shares of the computer hardware maker’s stock after buying an additional 96,800 shares during the period. Nikko Asset Management Americas Inc.’s holdings in NVIDIA Corporation were worth $15,034,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the second quarter worth about $116,000. Proficio Capital Partners LLC raised its stake in NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares during the last quarter. Coconut Grove Bank raised its stake in NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares during the last quarter. Founders Capital Management raised its stake in NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock worth $145,000 after buying an additional 200 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its stake in NVIDIA Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker’s stock worth $174,000 after buying an additional 752 shares during the last quarter. Institutional investors own 68.55% of the company’s stock.

NVIDIA Corporation (NVDA) opened at 161.47 on Friday. The stock has a market capitalization of $96.40 billion, a PE ratio of 46.44 and a beta of 1.24. NVIDIA Corporation has a one year low of $57.31 and a one year high of $174.56. The company’s 50 day moving average price is $161.14 and its 200-day moving average price is $128.99.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. Analysts expect that NVIDIA Corporation will post $3.60 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is 15.86%.

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NVDA has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $171.00 price target (up from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. CLSA reissued an “underperform” rating and issued a $115.00 price target on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Pacific Crest reissued an “underweight” rating and issued a $90.00 price target on shares of NVIDIA Corporation in a research report on Monday, May 8th. Vetr lowered NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $174.02 price target for the company. in a research report on Tuesday, July 11th. Finally, Wells Fargo & Company reissued an “underperform” rating and issued a $75.00 price target (up from $68.00) on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $145.00.

In other news, Director Harvey C. Jones sold 145,520 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total value of $23,182,791.20. Following the completion of the sale, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 3,107 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $140.00, for a total value of $434,980.00. Following the completion of the sale, the director now directly owns 5,165 shares of the company’s stock, valued at $723,100. The disclosure for this sale can be found here. Insiders sold a total of 560,556 shares of company stock valued at $85,649,706 over the last ninety days. Corporate insiders own 5.82% of the company’s stock.

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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