Stephens Investment Management Group LLC Has $4.24 Million Holdings in NVIDIA Corporation (NVDA)
Stephens Investment Management Group LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 40.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,712 shares of the computer hardware maker’s stock after selling 16,215 shares during the period. Stephens Investment Management Group LLC’s holdings in NVIDIA Corporation were worth $4,239,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Welch Investments LLC acquired a new position in NVIDIA Corporation during the third quarter valued at approximately $104,000. Evercore Wealth Management LLC grew its holdings 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 purchasing an additional 206 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in NVIDIA Corporation during the second quarter valued at approximately $116,000. Thompson Davis & CO. Inc. grew its holdings in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after purchasing an additional 6 shares during the last quarter. Finally, Hanson McClain Inc. grew its holdings in NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 65.28% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. SunTrust Banks, Inc. raised their price objective on shares of NVIDIA Corporation to $253.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price objective on shares of NVIDIA Corporation in a research note on Friday, November 10th. Barclays PLC raised their price objective on shares of NVIDIA Corporation from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Raymond James Financial, Inc. raised their price objective on shares of NVIDIA Corporation and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, MKM Partners raised their price objective on shares of NVIDIA Corporation and gave the stock a “neutral” rating in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA Corporation presently has an average rating of “Buy” and an average target price of $186.85.
NVIDIA Corporation (NVDA) traded down $0.97 during midday trading on Thursday, reaching $214.93. The company’s stock had a trading volume of 8,766,814 shares, compared to its average volume of 17,556,014. The company has a market cap of $130,926.30, a PE ratio of 53.21, a price-to-earnings-growth ratio of 4.68 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 has a 12-month low of $84.77 and a 12-month high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. 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 business posted $0.94 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. sell-side analysts forecast that NVIDIA Corporation will post 4.13 earnings per share for the current fiscal year.
The business also recently disclosed 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 of this dividend is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s dividend payout ratio is currently 13.90%.
In other news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Byron sold 409 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the sale, the insider now owns 136,199 shares in the company, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 452,532 shares of company stock worth $82,218,204. Company insiders own 5.82% of the company’s stock.
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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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