Todd Asset Management LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 29.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,427 shares of the computer hardware maker’s stock after selling 68,118 shares during the period. Todd Asset Management LLC’s holdings in NVIDIA Corporation were worth $23,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the second quarter valued at $116,000. Proficio Capital Partners LLC increased its position in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares during the last quarter. Hanson McClain Inc. increased its position in shares of NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after buying an additional 99 shares during the last quarter. Coconut Grove Bank increased its position in shares of NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 1,060 shares during the last quarter. Finally, Founders Capital Management increased its position in shares of NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock valued at $145,000 after buying an additional 200 shares during the last quarter. 66.41% of the stock is owned by hedge funds and other institutional investors.

Shares of NVIDIA Corporation (NVDA) traded up 0.971% during midday trading on Friday, hitting $171.085. The stock had a trading volume of 4,860,360 shares. The firm has a market capitalization of $102.65 billion, a PE ratio of 49.205 and a beta of 1.24. The firm’s 50-day moving average price is $165.19 and its 200-day moving average price is $132.53. NVIDIA Corporation has a one year low of $57.32 and a one year high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) 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 analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue was up 56.2% on a year-over-year basis. On average, equities analysts predict that NVIDIA Corporation will post $3.60 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.

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NVDA has been the subject of several analyst reports. B. Riley reissued a “buy” rating and issued a $135.00 target price on shares of NVIDIA Corporation in a research note on Monday, May 8th. Citigroup Inc. restated a “buy” rating and issued a $145.00 price target on shares of NVIDIA Corporation in a report on Wednesday, May 10th. UBS AG restated a “buy” rating and issued a $132.00 price target on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Canaccord Genuity restated a “buy” rating and issued a $155.00 price target (up previously from $125.00) on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Finally, Mizuho restated a “buy” rating and issued a $130.00 price target on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $144.98.

In other news, Director Harvey C. Jones sold 145,520 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total value of $23,182,791.20. Following the sale, the director now directly owns 30,762 shares in the company, valued at $4,900,694.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $162.24, for a total value of $2,641,429.44. Following the completion of the sale, the director now owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 411,801 shares of company stock worth $64,525,721. Corporate 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.

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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