Nvidia Corp. (NVDA) Stake Reduced by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. lowered its stake in Nvidia Corp. (NASDAQ:NVDA) by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,585 shares of the computer hardware maker’s stock after selling 26,284 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Nvidia Corp. were worth $18,196,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. West Oak Capital LLC increased its position in 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 increased its position in 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. Cornerstone Advisors Inc. increased its position in Nvidia Corp. by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock worth $122,000 after buying an additional 612 shares during the last quarter. Advisors Preferred LLC increased its position in Nvidia Corp. by 791.9% in the third quarter. Advisors Preferred LLC now owns 2,310 shares of the computer hardware maker’s stock worth $158,000 after buying an additional 2,051 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA increased its position in 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. 84.86% of the stock is owned by institutional investors.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded up 0.7291% on Wednesday, reaching $93.9299. 2,742,802 shares of the company traded hands. Nvidia Corp. has a one year low of $24.75 and a one year high of $95.25. The firm’s 50 day moving average is $75.70 and its 200 day moving average is $60.35. The company has a market capitalization of $50.63 billion, a P/E ratio of 47.9969 and a beta of 1.17.
Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, beating the 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 business earned $2 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 53.6% on a year-over-year basis. Analysts expect that Nvidia Corp. will post $2.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 23rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.60%. This is an increase from Nvidia Corp.’s previous quarterly dividend of $0.12. Nvidia Corp.’s dividend payout ratio (DPR) is currently 29.32%.
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Several analysts recently weighed in on the stock. RBC Capital Markets upgraded shares of Nvidia Corp. from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $47.00 to $72.00 in a research report on Friday, August 12th. Global Equities Research reiterated an “overweight” rating and issued a $85.00 price objective on shares of Nvidia Corp. in a research report on Friday, November 11th. B. Riley reiterated a “buy” rating and issued a $64.50 price objective on shares of Nvidia Corp. in a research report on Wednesday, August 10th. Zacks Investment Research downgraded shares of Nvidia Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Finally, Argus lifted their price objective on shares of Nvidia Corp. from $54.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $72.50.
In other news, Director A Brooke Seawell sold 35,000 shares of Nvidia Corp. stock in a transaction on Monday, November 14th. The stock was sold at an average price of $87.74, for a total transaction of $3,070,900.00. Following the completion of the sale, the director now owns 41,213 shares of the company’s stock, valued at $3,616,028.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 85,551 shares of Nvidia Corp. stock in a transaction on Friday, September 30th. The stock was sold at an average price of $68.75, for a total value of $5,881,631.25. The disclosure for this sale can be found here. 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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