NVIDIA Corporation (NVDA) Shares Bought by Sei Investments Co.
Sei Investments Co. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 23.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 664,054 shares of the computer hardware maker’s stock after buying an additional 126,804 shares during the period. Sei Investments Co. owned about 0.11% of NVIDIA Corporation worth $72,336,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Swedbank purchased a new stake in NVIDIA Corporation during the third quarter worth about $103,681,000. Greenwich Wealth Management LLC increased its stake in NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock worth $6,039,000 after buying an additional 357 shares during the period. Columbus Circle Investors purchased a new stake in NVIDIA Corporation during the first quarter worth about $8,530,000. Cavalier Investments LLC increased its stake in NVIDIA Corporation by 88.5% in the fourth quarter. Cavalier Investments LLC now owns 18,100 shares of the computer hardware maker’s stock worth $1,932,000 after buying an additional 8,500 shares during the period. Finally, Wealthfront Inc. increased its stake in NVIDIA Corporation by 14.9% in the fourth quarter. Wealthfront Inc. now owns 20,343 shares of the computer hardware maker’s stock worth $2,171,000 after buying an additional 2,633 shares during the period. 70.08% of the stock is owned by hedge funds and other institutional investors.
Shares of NVIDIA Corporation (NVDA) traded down 0.49% during trading on Friday, reaching $151.62. The company’s stock had a trading volume of 23,123,950 shares. The company has a market capitalization of $90.21 billion, a P/E ratio of 50.90 and a beta of 1.24. The company’s 50-day moving average is $133.10 and its 200-day moving average is $111.25. NVIDIA Corporation has a 12 month low of $44.57 and a 12 month high of $168.50.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. NVIDIA Corporation’s revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. On average, analysts forecast that NVIDIA Corporation will post $3.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, May 19th. NVIDIA Corporation’s dividend payout ratio is presently 18.60%.
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A number of equities research analysts have issued reports on NVDA shares. Vetr downgraded NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $117.10 price target for the company. in a research report on Monday, March 20th. MKM Partners started coverage on NVIDIA Corporation in a research report on Wednesday, February 22nd. They set a “neutral” rating and a $100.00 price target for the company. Nomura downgraded NVIDIA Corporation from a “buy” rating to a “reduce” rating and set a $90.00 price target for the company. in a research report on Friday, March 3rd. Citigroup Inc. set a $145.00 price target on NVIDIA Corporation and gave the company a “buy” rating in a research report on Saturday, March 11th. Finally, Zacks Investment Research downgraded NVIDIA Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $121.22.
In other NVIDIA Corporation news, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction on Friday, June 9th. The shares were sold at an average price of $164.53, for a total transaction of $8,226,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Debora Shoquist sold 63,717 shares of NVIDIA Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $144.81, for a total transaction of $9,226,858.77. Following the sale, the executive vice president now directly owns 330,040 shares of the company’s stock, valued at approximately $47,793,092.40. The disclosure for this sale can be found here. Insiders have sold a total of 443,124 shares of company stock valued at $57,716,984 in the last ninety days. Company 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.
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