Virtu KCG Holdings LLC Acquires 2,775 Shares of NVIDIA Corporation (NVDA)
Virtu KCG Holdings LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 18.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,936 shares of the computer hardware maker’s stock after acquiring an additional 2,775 shares during the quarter. Virtu KCG Holdings LLC’s holdings in NVIDIA Corporation were worth $2,593,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. TB Alternative Assets Ltd. bought a new stake in shares of NVIDIA Corporation in the second quarter valued at about $116,000. Proficio Capital Partners LLC boosted 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 acquiring an additional 547 shares during the period. Thompson Davis & CO. Inc. boosted its position in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Hanson McClain Inc. boosted 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 acquiring an additional 99 shares during the period. Finally, Founders Capital Management boosted 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 acquiring an additional 200 shares during the period. 65.79% of the stock is owned by institutional investors.
In related news, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the sale, the insider now directly owns 136,199 shares in the company, valued at $23,291,390.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. Insiders have sold 536,940 shares of company stock worth $91,728,080 over the last 90 days. 5.17% of the stock is currently owned by corporate insiders.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded down 2.3272% during trading on Monday, hitting $174.8344. The company had a trading volume of 5,162,498 shares. NVIDIA Corporation has a 1-year low of $63.53 and a 1-year high of $191.20. The firm has a market capitalization of $104.90 billion, a P/E ratio of 50.2831 and a beta of 1.25. The company’s 50 day moving average is $167.68 and its 200 day moving average is $138.76.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The firm’s revenue was up 56.2% on a year-over-year basis. Analysts anticipate that NVIDIA Corporation will post $3.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.31%. NVIDIA Corporation’s dividend payout ratio is presently 15.86%.
A number of equities research analysts have recently issued reports on the stock. UBS AG reissued a “buy” rating and issued a $168.00 target price (up previously from $148.00) on shares of NVIDIA Corporation in a research report on Friday, June 9th. B. Riley reissued 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 issued a $110.00 target price on shares of NVIDIA Corporation in a research report on Friday, August 11th. Craig Hallum reissued a “buy” rating and issued a $200.00 target price on shares of NVIDIA Corporation in a research report on Saturday. Finally, Instinet reissued a “reduce” rating and issued a $110.00 target price (up previously from $90.00) on shares of NVIDIA Corporation in a research report on Monday, August 14th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $147.22.
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NVIDIA Corporation Profile
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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