NVIDIA Corporation (NVDA) Holdings Raised by QS Investors LLC
QS Investors LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,596 shares of the computer hardware maker’s stock after acquiring an additional 775 shares during the quarter. QS Investors LLC’s holdings in NVIDIA Corporation were worth $2,977,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Frontier Wealth Management LLC increased its holdings in shares of NVIDIA Corporation by 16.8% in the second quarter. Frontier Wealth Management LLC now owns 5,296 shares of the computer hardware maker’s stock worth $766,000 after acquiring an additional 760 shares in the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of NVIDIA Corporation by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after acquiring an additional 30 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of NVIDIA Corporation in the second quarter worth about $2,761,000. Summit Financial Wealth Advisors LLC increased its holdings in shares of NVIDIA Corporation by 28.5% in the second quarter. Summit Financial Wealth Advisors LLC now owns 2,473 shares of the computer hardware maker’s stock worth $357,000 after acquiring an additional 548 shares in the last quarter. Finally, Zacks Investment Management increased its holdings in shares of NVIDIA Corporation by 12.2% in the second quarter. Zacks Investment Management now owns 26,009 shares of the computer hardware maker’s stock worth $3,760,000 after acquiring an additional 2,818 shares in the last quarter. Institutional investors own 65.79% of the company’s stock.
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In related news, Director Mark L. Perry sold 16,281 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the transaction, the director now owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Byron sold 9,538 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $179.80, for a total value of $1,714,932.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 496,478 shares of company stock worth $85,901,012. Insiders own 5.82% of the company’s stock.
Several brokerages have issued reports on NVDA. UBS AG restated a “buy” rating and issued a $168.00 price target (up from $148.00) on shares of NVIDIA Corporation in a report on Friday, June 9th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of NVIDIA Corporation in a research report on Monday, July 3rd. B. Riley reaffirmed a “buy” rating and set a $200.00 price objective (up from $135.00) on shares of NVIDIA Corporation in a research report on Monday, August 7th. Loop Capital upped their price objective on NVIDIA Corporation from $181.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, BidaskClub cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $155.31.
NVIDIA Corporation (NASDAQ NVDA) opened at 180.77 on Friday. The company has a market cap of $108.46 billion, a price-to-earnings ratio of 51.99 and a beta of 1.28. The stock has a 50 day moving average price of $171.68 and a 200 day moving average price of $144.85. NVIDIA Corporation has a 52 week low of $63.70 and a 52 week high of $191.20.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post $3.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.31%. NVIDIA Corporation’s payout ratio is currently 15.86%.
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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