Teacher Retirement System of Texas Decreases Position in NVIDIA Corporation (NASDAQ:NVDA)
Teacher Retirement System of Texas lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,578 shares of the computer hardware maker’s stock after selling 95 shares during the period. Teacher Retirement System of Texas’ holdings in NVIDIA Corporation were worth $22,490,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. 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. Edgewood Management LLC increased its position in NVIDIA Corporation by 21.9% in the first quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock valued at $652,270,000 after buying an additional 1,074,303 shares during the period. Janus Capital Management LLC increased its position in NVIDIA Corporation by 20.0% in the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after buying an additional 895,591 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. Finally, Wellington Management Group LLP increased its position in 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 during the period. 68.91% of the stock is owned by institutional investors and hedge funds.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 155.96 on Friday. The stock’s 50 day moving average is $159.49 and its 200 day moving average is $127.38. The firm has a market capitalization of $92.80 billion, a P/E ratio of 52.35 and a beta of 1.24. NVIDIA Corporation has a 1-year low of $57.32 and a 1-year high of $174.56. NVIDIA Corporation also was the recipient of some unusual options trading activity on Thursday. Traders bought 84,606 put options on the company. This is an increase of 147% compared to the average volume of 34,198 put options.
NVIDIA Corporation (NASDAQ:NVDA) last posted its 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 for 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 39.99%. The company’s revenue was up 56.2% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Equities analysts predict that NVIDIA Corporation will post $3.10 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.
A number of research analysts recently commented on NVDA shares. BMO Capital Markets reaffirmed an “underperform” rating and issued a $85.00 price target on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Mizuho reaffirmed a “buy” rating and issued a $180.00 price target (up previously from $170.00) on shares of NVIDIA Corporation in a report on Friday. Bank of America Corporation reaffirmed a “buy” rating and issued a $185.00 price target on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Roth Capital reaffirmed a “neutral” rating on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Finally, Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target for the company in a report on Tuesday, July 11th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $144.43.
In other NVIDIA Corporation news, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $164.53, for a total transaction of $8,226,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the transaction, the director now directly owns 30,762 shares in the company, valued at $4,623,220.98. The disclosure for this sale can be found here. Insiders sold a total of 572,282 shares of company stock worth $86,830,082 over the last ninety days. Insiders own 5.82% of the company’s stock.
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.
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA).
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.