NVIDIA Corporation (NVDA) Stake Increased by Quantbot Technologies LP
Quantbot Technologies LP boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 59.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,989 shares of the computer hardware maker’s stock after acquiring an additional 2,227 shares during the period. Quantbot Technologies LP’s holdings in NVIDIA Corporation were worth $1,070,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of NVDA. Evercore Wealth Management LLC grew its stake in NVIDIA Corporation by 36.9% during the second 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 in the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation in the 2nd quarter worth $116,000. Thompson Davis & CO. Inc. grew its stake in shares of NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after buying an additional 6 shares in the last quarter. Hanson McClain Inc. boosted its stake in shares of NVIDIA Corporation by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after purchasing an additional 99 shares during the period. Finally, Founders Capital Management boosted its stake in shares of NVIDIA Corporation by 25.0% during the 2nd quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock worth $145,000 after purchasing an additional 200 shares during the period. 65.28% of the stock is owned by institutional investors.
Several analysts have recently commented on the stock. Bank of America Corporation set a $210.00 price objective on shares of NVIDIA Corporation and gave the company a “buy” rating in a report on Thursday, October 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA Corporation in a report on Friday, September 8th. BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) boosted their target price on shares of NVIDIA Corporation from $193.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Raymond James Financial, Inc. boosted their target price on shares of NVIDIA Corporation and gave the company an “outperform” rating in a research note on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $186.85.
In other news, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total value of $18,268,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 451,503 shares of company stock valued at $81,997,895 over the last ninety days. Company insiders own 5.17% of the company’s stock.
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Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $2.72 during mid-day trading on Tuesday, reaching $214.08. The company had a trading volume of 9,895,900 shares, compared to its average volume of 17,628,381. NVIDIA Corporation has a fifty-two week low of $84.77 and a fifty-two week high of $218.67. The company has a market capitalization of $128,450.00, a PE ratio of 52.06, a P/E/G ratio of 4.57 and a beta of 1.23. 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 (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the business posted $0.94 earnings per share. NVIDIA Corporation’s revenue was up 31.5% compared to the same quarter last year. sell-side analysts expect that NVIDIA Corporation will post 4.13 EPS 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 dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is 14.00%.
NVIDIA Corporation 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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