NVIDIA Corporation (NVDA) Holdings Cut by American International Group Inc.
American International Group Inc. lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 246,873 shares of the computer hardware maker’s stock after selling 7,866 shares during the quarter. American International Group Inc.’s holdings in NVIDIA Corporation were worth $44,133,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of NVDA. Janus Henderson Group PLC raised its holdings in shares of NVIDIA Corporation by 5,424.4% during 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 acquiring an additional 4,022,728 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of NVIDIA Corporation by 7.1% during 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 acquiring an additional 2,676,976 shares during the last quarter. Jackson Square Partners LLC acquired a new position in shares of NVIDIA Corporation during the second quarter valued at approximately $229,323,000. Renaissance Technologies LLC raised its holdings in shares of NVIDIA Corporation by 19.3% during 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 acquiring an additional 768,200 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its holdings in shares of NVIDIA Corporation by 3,194.2% during the second quarter. Quantitative Investment Management LLC now owns 678,600 shares of the computer hardware maker’s stock valued at $98,098,000 after acquiring an additional 658,000 shares during the last quarter. Institutional investors own 65.28% of the company’s stock.
A number of brokerages have commented on NVDA. SunTrust Banks, Inc. increased their target price on NVIDIA Corporation to $253.00 and gave the company a “buy” rating in a report on Friday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of NVIDIA Corporation in a report on Friday, November 10th. Bank of America Corporation increased their price target on NVIDIA Corporation from $210.00 to $251.00 and gave the company a “buy” rating in a report on Friday, November 10th. Barclays PLC increased their price target on NVIDIA Corporation from $200.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Finally, Raymond James Financial, Inc. increased their price target on NVIDIA Corporation and gave the company an “outperform” rating in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $186.85.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $214.93 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The stock has a market capitalization of $130,247.58, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 4.65 and a beta of 1.23. NVIDIA Corporation has a one year low of $84.77 and a one year high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. equities analysts expect that NVIDIA Corporation will post 4.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 13.90%.
In other news, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the transaction, the insider now owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 452,532 shares of company stock valued at $82,218,204. Company 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.
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA).
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.