NVIDIA Corporation (NVDA) Position Reduced by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013,735 shares of the computer hardware maker’s stock after selling 17,575 shares during the period. NVIDIA accounts for about 0.8% of Chevy Chase Trust Holdings Inc.’s portfolio, making the stock its 25th largest position. Chevy Chase Trust Holdings Inc. owned about 0.17% of NVIDIA worth $181,225,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Welch Investments LLC acquired a new stake in NVIDIA during the 3rd quarter valued at approximately $104,000. Evercore Wealth Management LLC lifted its stake in NVIDIA by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. Thompson Davis & CO. Inc. lifted its stake in NVIDIA by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Hanson McClain Inc. lifted its stake in NVIDIA by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the period. Finally, Edge Advisors LLC lifted its stake in NVIDIA by 98.8% during the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.
Several brokerages have commented on NVDA. ValuEngine cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $218.56 price objective for the company in a research note on Wednesday, November 29th. Mizuho restated a “buy” rating and set a $225.00 price objective on shares of NVIDIA in a research note on Tuesday, November 28th. Royal Bank Of Canada restated a “buy” rating on shares of NVIDIA in a research note on Friday, November 24th. Finally, Canaccord Genuity lifted their price objective on shares of NVIDIA from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Four equities 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 assigned a strong buy rating to the company’s stock. NVIDIA currently has an average rating of “Buy” and an average target price of $187.38.
In other news, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the sale, the director now owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the sale, the director now directly owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. Insiders sold 315,175 shares of company stock worth $59,428,079 in the last ninety days. 5.82% of the stock is currently owned by corporate insiders.
NVIDIA Corporation (NASDAQ NVDA) opened at $191.99 on Friday. NVIDIA Corporation has a 1 year low of $87.54 and a 1 year high of $218.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The company has a market cap of $114,691.55, a PE ratio of 46.62, a price-to-earnings-growth ratio of 4.41 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating 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 analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. NVIDIA’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities research analysts forecast that NVIDIA Corporation will post 4.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.31%. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio 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.
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.