NVIDIA Corporation (NVDA) Holdings Trimmed by Citizens Financial Group Inc. RI
Citizens Financial Group Inc. RI lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,420 shares of the computer hardware maker’s stock after selling 340 shares during the period. Citizens Financial Group Inc. RI’s holdings in NVIDIA were worth $790,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Welch Investments LLC acquired a new stake in shares of NVIDIA in the third quarter worth $104,000. Evercore Wealth Management LLC increased its position in shares of NVIDIA by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of NVIDIA by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares in the last quarter. Hanson McClain Inc. increased its position in shares of NVIDIA by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after acquiring an additional 99 shares in the last quarter. Finally, Edge Advisors LLC increased its position in shares of NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after acquiring an additional 415 shares in the last quarter. 63.51% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on NVDA. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $176.95 price objective for the company in a research report on Wednesday, September 6th. Needham & Company LLC reissued a “buy” rating on shares of NVIDIA in a research report on Friday, August 11th. Citigroup reissued a “buy” rating and issued a $210.00 price objective (up previously from $185.00) on shares of NVIDIA in a research report on Friday, September 29th. Bank of America set a $210.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, Jefferies Group reissued a “buy” rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $187.38.
In related news, Director Dawn E. Hudson sold 3,052 shares of NVIDIA stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the sale, the director now directly owns 28,816 shares in the company, valued at approximately $6,177,862.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 315,175 shares of company stock worth $59,428,079. Insiders own 5.17% of the company’s stock.
NVIDIA Corporation (NVDA) opened at $187.74 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. NVIDIA Corporation has a 52-week low of $87.54 and a 52-week high of $218.67. The stock has a market cap of $119,794.08, a PE ratio of 48.69, a PEG ratio of 4.28 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. research analysts anticipate that NVIDIA Corporation will post 4.13 earnings per share for the current year.
The firm 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 $0.15 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Wednesday, November 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 14.89%.
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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