Sii Investments Inc. WI Decreases Position in NVIDIA Corporation (NVDA)
Sii Investments Inc. WI cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 52.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,258 shares of the computer hardware maker’s stock after selling 16,576 shares during the quarter. Sii Investments Inc. WI’s holdings in NVIDIA Corporation were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Evercore Wealth Management LLC boosted its position in NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares in the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of NVIDIA Corporation during the second quarter worth $116,000. Proficio Capital Partners LLC grew its stake in shares of NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares during the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of NVIDIA Corporation by 0.7% during the second 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 during the last quarter. Finally, Hanson McClain Inc. grew its stake in shares of NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after buying an additional 99 shares during the last quarter. 65.79% of the stock is currently owned by institutional investors.
In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the transaction, the director now owns 16,507 shares in the company, valued at $2,809,326.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jen Hsun Huang sold 110,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The disclosure for this sale can be found here. Insiders sold a total of 486,940 shares of company stock valued at $84,186,080 over the last ninety days. Corporate insiders own 5.17% of the company’s stock.
Several equities research analysts recently weighed in on the company. UBS AG reissued a “buy” rating and set a $168.00 price objective (up previously from $148.00) on shares of NVIDIA Corporation in a report on Friday, June 9th. B. Riley reiterated a “buy” rating and issued a $200.00 target price on shares of NVIDIA Corporation in a research report on Sunday, August 13th. Stifel Nicolaus reissued a “hold” rating and set a $110.00 price target on shares of NVIDIA Corporation in a research note on Friday, August 11th. Barclays PLC boosted their price target on NVIDIA Corporation from $10.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Instinet reaffirmed a “reduce” rating and issued a $110.00 price objective (up previously from $90.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $154.62.
NVIDIA Corporation (NVDA) traded up 1.162% during trading on Wednesday, reaching $181.454. The company had a trading volume of 5,257,780 shares. NVIDIA Corporation has a one year low of $63.70 and a one year high of $191.20. The company has a market capitalization of $108.87 billion, a PE ratio of 52.187 and a beta of 1.28. The firm’s 50 day moving average is $170.84 and its 200 day moving average is $144.33.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, equities research analysts predict that NVIDIA Corporation will post $3.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is 15.86%.
About NVIDIA Corporation
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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