NVIDIA Corporation (NVDA) Shares Bought by TrimTabs Asset Management LLC
TrimTabs Asset Management LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA) by 17.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,227 shares of the computer hardware maker’s stock after acquiring an additional 324 shares during the period. NVIDIA comprises approximately 1.2% of TrimTabs Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. TrimTabs Asset Management LLC’s holdings in NVIDIA were worth $398,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Cibc World Markets Corp raised its position in shares of NVIDIA by 12.1% in the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after acquiring an additional 13,802 shares during the period. Meiji Yasuda Life Insurance Co raised its position in shares of NVIDIA by 9.9% in the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after acquiring an additional 1,000 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of NVIDIA by 17.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after acquiring an additional 2,836 shares during the period. Girard Partners LTD. raised its position in shares of NVIDIA by 7.7% in the second quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock worth $448,000 after acquiring an additional 221 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of NVIDIA by 160.9% in the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after acquiring an additional 120,734 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.
In other news, Director Tench Coxe sold 50,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now directly owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The disclosure for this sale can be found here. In the last three months, insiders sold 315,175 shares of company stock valued at $59,428,079. Corporate insiders own 5.82% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $186.47 on Friday. NVIDIA Corporation has a one year low of $95.17 and a one year high of $218.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The stock has a market cap of $115,649.04, a PE ratio of 47.01, a P/E/G ratio of 4.44 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 for the quarter, beating the 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 business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. equities analysts expect that NVIDIA Corporation will post 4.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.32%. NVIDIA’s dividend payout ratio is 14.89%.
Several research analysts recently weighed in on the stock. Loop Capital restated a “buy” rating and set a $181.00 price target on shares of NVIDIA in a research report on Tuesday, August 22nd. Citigroup restated a “buy” rating and set a $210.00 price target (up previously from $185.00) on shares of NVIDIA in a research report on Friday, September 29th. BidaskClub downgraded shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Sanford C. Bernstein restated an “outperform” rating on shares of NVIDIA in a research report on Saturday, September 23rd. Finally, SunTrust Banks restated a “buy” rating and set a $200.00 price target (up previously from $181.00) on shares of NVIDIA in a research report on Monday, October 2nd. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. NVIDIA presently 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.
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