Swiss National Bank Has $284.69 Million Position in NVIDIA Corporation (NVDA)
Swiss National Bank boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,969,385 shares of the computer hardware maker’s stock after buying an additional 59,500 shares during the period. Swiss National Bank owned about 0.33% of NVIDIA Corporation worth $284,694,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after buying an additional 3,419,701 shares in the last quarter. Vanguard Group Inc. increased its position in NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock valued at $4,093,612,000 after buying an additional 2,597,209 shares during the period. Ameriprise Financial Inc. increased its position 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 during the period. Winslow Capital Management LLC bought a new position in NVIDIA Corporation during the first quarter valued at approximately $126,231,000. Finally, WINTON GROUP Ltd increased its position in NVIDIA Corporation by 290.5% in the first quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock valued at $106,396,000 after buying an additional 1,155,115 shares during the period. 66.41% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Corporation (NASDAQ NVDA) traded up 1.8297% during mid-day trading on Thursday, hitting $168.7115. 5,501,530 shares of the company’s stock traded hands. The stock has a market cap of $101.23 billion, a PE ratio of 48.5221 and a beta of 1.24. NVIDIA Corporation has a one year low of $57.32 and a one year high of $174.56. The firm’s 50-day moving average price is $163.91 and its 200-day moving average price is $131.12.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm earned $0.53 EPS. NVIDIA Corporation’s quarterly revenue was up 56.2% on a year-over-year basis. On average, analysts forecast that NVIDIA Corporation will post $3.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.34%. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 15.86%.
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NVDA has been the topic of several research analyst reports. BMO Capital Markets reissued an “underperform” rating and issued a $85.00 target price on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Mizuho reissued a “buy” rating and issued a $180.00 target price (up previously from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $140.00 target price on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Bank of America Corporation reissued a “buy” rating and issued a $185.00 target price on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Finally, Roth Capital reissued a “neutral” rating on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $144.95.
In other NVIDIA Corporation news, Director Mark L. Perry sold 16,281 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the completion of the sale, the director now owns 48,069 shares in the company, valued at approximately $7,798,714.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert K. Burgess sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $158.08, for a total value of $7,904,000.00. Following the sale, the director now owns 14,350 shares of the company’s stock, valued at approximately $2,268,448. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 411,801 shares of company stock valued at $64,525,721. 5.82% of the stock is owned by insiders.
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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