NVIDIA Corporation (NVDA) Shares Bought by Comerica Bank
Comerica Bank increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 169,927 shares of the computer hardware maker’s stock after buying an additional 273 shares during the period. Comerica Bank’s holdings in NVIDIA Corporation were worth $28,233,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of NVDA. RB Capital Management LLC acquired a new stake in NVIDIA Corporation during the second quarter valued at approximately $272,000. D. Scott Neal Inc. purchased a new stake in NVIDIA Corporation during the second quarter valued at about $258,000. Greenwich Wealth Management LLC raised its stake in NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock valued at $6,039,000 after buying an additional 357 shares in the last quarter. Columbus Circle Investors purchased a new stake in NVIDIA Corporation during the first quarter valued at about $8,530,000. Finally, Ameriprise Financial Inc. raised its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares in the last quarter. Institutional investors and hedge funds own 68.55% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 166.98 on Wednesday. NVIDIA Corporation has a 12-month low of $57.31 and a 12-month high of $174.56. The firm has a market cap of $99.69 billion, a P/E ratio of 48.02 and a beta of 1.24. The company’s 50 day moving average price is $160.33 and its 200-day moving average price is $128.50.
NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue was up 56.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post $3.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.34%. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 15.86%.
Several research analysts have weighed in on NVDA shares. B. Riley restated a “buy” rating and issued a $135.00 price target on shares of NVIDIA Corporation in a research note on Monday, May 8th. UBS AG reiterated a “buy” rating and set a $132.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 target price on shares of NVIDIA Corporation in a research report on Friday, August 11th. Vetr downgraded NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 target price for the company. in a research report on Tuesday. Finally, Instinet reiterated a “reduce” rating and set a $110.00 target price (up from $90.00) on shares of NVIDIA Corporation in a research report on Monday. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $145.84.
In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Byron sold 25,507 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $137.09, for a total value of $3,496,754.63. Following the completion of the sale, the insider now directly owns 162,706 shares of the company’s stock, valued at $22,305,365.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 572,282 shares of company stock valued at $86,830,082. Insiders own 5.17% of the company’s stock.
NVIDIA Corporation 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.
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.