LMR Partners LLP purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,087 shares of the computer hardware maker’s stock, valued at approximately $1,747,000.

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in NVIDIA Corporation during the first quarter valued at approximately $182,000. Rothschild Investment Corp IL acquired a new stake in NVIDIA Corporation during the first quarter valued at approximately $804,000. Oakbrook Investments LLC acquired a new stake in NVIDIA Corporation during the first quarter valued at approximately $4,169,000. Anderson Hoagland & Co. boosted its stake in NVIDIA Corporation by 7.6% in the first quarter. Anderson Hoagland & Co. now owns 18,450 shares of the computer hardware maker’s stock valued at $2,010,000 after buying an additional 1,300 shares during the period. Finally, Glaxis Capital Management LLC acquired a new stake in NVIDIA Corporation during the first quarter valued at approximately $545,000. Institutional investors own 68.55% of the company’s stock.

NVIDIA Corporation (NVDA) opened at 165.15 on Thursday. NVIDIA Corporation has a 12 month low of $57.31 and a 12 month high of $174.56. The firm’s 50-day moving average price is $160.86 and its 200-day moving average price is $128.76. The firm has a market cap of $98.59 billion, a price-to-earnings ratio of 47.50 and a beta of 1.24.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $0.53 EPS. The firm’s revenue was up 56.2% on a year-over-year basis. Equities research analysts predict that NVIDIA Corporation will post $3.60 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be given a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.34%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.

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Several analysts have commented on the company. Bank of America Corporation restated a “buy” rating on shares of NVIDIA Corporation in a report on Monday, August 7th. B. Riley reaffirmed a “buy” rating and issued a $200.00 price objective (up from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $177.02 price objective on the stock. in a research note on Wednesday, August 9th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $180.00 price objective on shares of NVIDIA Corporation in a research note on Thursday, August 10th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $145.00.

In other news, Director Mark L. Perry sold 16,281 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the transaction, the director now directly owns 48,069 shares in the company, valued at approximately $7,798,714.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 3,107 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total value of $434,980.00. Following the completion of the transaction, the director now owns 5,165 shares in the company, valued at $723,100. The disclosure for this sale can be found here. Insiders sold a total of 586,063 shares of company stock worth $89,146,461 over the last 90 days. 5.82% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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