Peddock Capital Advisors LLC Has $2,853,000 Stake in Nvidia Corp. (NVDA)
Peddock Capital Advisors LLC reduced its stake in Nvidia Corp. (NASDAQ:NVDA) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,644 shares of the computer hardware maker’s stock after selling 247 shares during the period. Nvidia Corp. makes up 1.8% of Peddock Capital Advisors LLC’s holdings, making the stock its 6th largest position. Peddock Capital Advisors LLC’s holdings in Nvidia Corp. were worth $2,853,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of NVDA. West Oak Capital LLC boosted its stake in shares of Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock worth $107,000 after buying an additional 1,010 shares during the last quarter. Brick & Kyle Associates boosted its stake in shares of Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock worth $118,000 after buying an additional 502 shares during the last quarter. CenturyLink Investment Management Co purchased a new stake in shares of Nvidia Corp. during the third quarter worth approximately $183,000. Thompson Rubinstein Investment Management Inc. OR purchased a new stake in shares of Nvidia Corp. during the third quarter worth approximately $206,000. Finally, Compagnie Lombard Odier SCmA boosted its stake in shares of Nvidia Corp. by 72.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 3,365 shares of the computer hardware maker’s stock worth $159,000 after buying an additional 1,415 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.
Nvidia Corp. (NASDAQ:NVDA) traded down 0.91% during mid-day trading on Tuesday, reaching $93.25. The company’s stock had a trading volume of 11,114,129 shares. The company has a market capitalization of $50.26 billion, a PE ratio of 47.65 and a beta of 1.17. The firm has a 50 day moving average price of $75.70 and a 200-day moving average price of $60.35. Nvidia Corp. has a 1-year low of $24.75 and a 1-year high of $95.25.
Nvidia Corp. (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.37. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 53.6% on a year-over-year basis. On average, equities analysts predict that Nvidia Corp. will post $2.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be paid a $0.14 dividend. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, November 23rd. Nvidia Corp.’s dividend payout ratio is currently 29.32%.
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A number of equities research analysts have recently commented on the stock. RBC Capital Markets raised shares of Nvidia Corp. from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $47.00 to $72.00 in a research note on Friday, August 12th. Global Equities Research reissued an “overweight” rating and issued a $85.00 price target on shares of Nvidia Corp. in a research note on Friday, November 11th. B. Riley reissued a “buy” rating and issued a $64.50 price target on shares of Nvidia Corp. in a research note on Wednesday, August 10th. Zacks Investment Research cut shares of Nvidia Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 19th. Finally, Argus lifted their price target on shares of Nvidia Corp. from $54.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $72.50.
In other news, insider Jen Hsun Huang sold 41,666 shares of the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $66.42, for a total value of $2,767,455.72. Following the sale, the insider now directly owns 1,751,872 shares of the company’s stock, valued at $116,359,338.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 35,000 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $87.74, for a total value of $3,070,900.00. Following the completion of the sale, the director now directly owns 41,213 shares in the company, valued at $3,616,028.62. The disclosure for this sale can be found here. 5.82% of the stock is owned by insiders.
Nvidia Corp. Company Profile
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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