Nvidia Corp. (NVDA) Shares Sold by Retirement Systems of Alabama
Retirement Systems of Alabama lowered its stake in Nvidia Corp. (NASDAQ:NVDA) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,628 shares of the computer hardware maker’s stock after selling 3,739 shares during the period. Retirement Systems of Alabama’s holdings in Nvidia Corp. were worth $12,158,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of NVDA. C M Bidwell & Associates Ltd. raised its position in Nvidia Corp. by 760.2% in the first quarter. C M Bidwell & Associates Ltd. now owns 234,265 shares of the computer hardware maker’s stock valued at $8,347,000 after buying an additional 207,030 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in Nvidia Corp. by 92.1% in the first quarter. Landscape Capital Management L.L.C. now owns 27,810 shares of the computer hardware maker’s stock valued at $991,000 after buying an additional 13,330 shares during the last quarter. Advisor Partners LLC raised its position in Nvidia Corp. by 18.6% in the first quarter. Advisor Partners LLC now owns 7,734 shares of the computer hardware maker’s stock valued at $276,000 after buying an additional 1,213 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Nvidia Corp. during the first quarter valued at about $9,570,000. Finally, Columbia Partners L L C Investment Management raised its position in Nvidia Corp. by 1.1% in the first quarter. Columbia Partners L L C Investment Management now owns 29,723 shares of the computer hardware maker’s stock valued at $1,059,000 after buying an additional 309 shares during the last quarter. 86.37% of the stock is currently owned by hedge funds and other institutional investors.
Nvidia Corp. (NASDAQ:NVDA) traded down 0.22% during trading on Tuesday, reaching $68.30. The company had a trading volume of 7,040,645 shares. Nvidia Corp. has a 52-week low of $24.75 and a 52-week high of $69.70. The stock has a market cap of $36.54 billion, a PE ratio of 44.88 and a beta of 1.25. The company has a 50-day moving average price of $63.30 and a 200 day moving average price of $49.53.
Nvidia Corp. (NASDAQ:NVDA) last posted its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company earned $0.34 earnings per share. The business’s revenue was up 23.9% compared to the same quarter last year. On average, analysts anticipate that Nvidia Corp. will post $1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.46 annualized dividend and a yield of 0.67%. Nvidia Corp.’s dividend payout ratio (DPR) is currently 30.26%.
Several research firms recently issued reports on NVDA. Wells Fargo & Co. reissued an “underperform” rating on shares of Nvidia Corp. in a research note on Friday. Bank of America Corp. reaffirmed a “buy” rating and issued a $80.00 price target on shares of Nvidia Corp. in a research report on Monday. Vetr lowered Nvidia Corp. from a “buy” rating to a “hold” rating and set a $69.67 price target on the stock. in a research report on Thursday, September 29th. SunTrust Banks Inc. initiated coverage on Nvidia Corp. in a research report on Monday, September 19th. They issued a “neutral” rating and a $59.00 price target on the stock. Finally, Susquehanna initiated coverage on Nvidia Corp. in a research report on Tuesday, September 20th. They issued a “neutral” rating and a $66.00 price target on the stock. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.60.
In other news, Director Tench Coxe sold 82,269 shares of Nvidia Corp. stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $65.74, for a total value of $5,408,364.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 40,000 shares of Nvidia Corp. stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $52.94, for a total value of $2,117,600.00. Following the completion of the transaction, the chief executive officer now owns 1,817,279 shares in the company, valued at $96,206,750.26. The disclosure for this sale can be found here. Company insiders own 5.82% of the company’s stock.
About Nvidia Corp.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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