National Asset Management Inc. lifted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 21.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,467 shares of the computer hardware maker’s stock after buying an additional 2,040 shares during the period. National Asset Management Inc.’s holdings in NVIDIA were worth $2,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Bbva Compass Bancshares Inc. acquired a new stake in NVIDIA during the 2nd quarter worth $343,000. Bessemer Group Inc. boosted its stake in NVIDIA by 112.0% during the 2nd quarter. Bessemer Group Inc. now owns 6,910 shares of the computer hardware maker’s stock worth $1,000,000 after purchasing an additional 3,650 shares during the period. Daiwa Securities Group Inc. boosted its stake in NVIDIA by 41.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 122,495 shares of the computer hardware maker’s stock worth $17,707,000 after purchasing an additional 35,967 shares during the period. Suffolk Capital Management LLC acquired a new stake in NVIDIA during the 2nd quarter worth $1,535,000. Finally, Ingalls & Snyder LLC acquired a new stake in NVIDIA during the 2nd quarter worth $766,000. 63.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $197.68 on Monday. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a 52 week low of $85.12 and a 52 week high of $218.67. The company has a market cap of $119,794.08, a PE ratio of 48.69, a P/E/G ratio of 4.28 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. research analysts forecast that NVIDIA Corporation will post 4.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.15 dividend. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. NVIDIA’s dividend payout ratio (DPR) is 14.89%.

In other NVIDIA news, insider Jen Hsun Huang sold 110,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. 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 1,029 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the transaction, the director now owns 1,029 shares of the company’s stock, valued at $220,308.90. The disclosure for this sale can be found here. Insiders sold 425,175 shares of company stock valued at $77,696,879 in the last quarter. Company insiders own 5.17% of the company’s stock.

A number of brokerages recently weighed in on NVDA. SunTrust Banks increased their price target on shares of NVIDIA to $253.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of NVIDIA in a research note on Friday, November 10th. Bank of America increased their price target on shares of NVIDIA from $210.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Barclays increased their price target on shares of NVIDIA from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, Raymond James Financial increased their price target on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Friday, November 10th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $187.38.

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NVIDIA Company 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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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