Tobam lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 32.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,682 shares of the computer hardware maker’s stock after selling 148,239 shares during the period. NVIDIA Corporation accounts for about 1.7% of Tobam’s investment portfolio, making the stock its 19th largest position. Tobam owned approximately 0.05% of NVIDIA Corporation worth $44,768,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NVDA. Arete Wealth Advisors LLC raised its stake in shares of NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock worth $314,000 after buying an additional 10 shares during the last quarter. Family Firm Inc. increased its position in NVIDIA Corporation by 0.7% in the second quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock worth $284,000 after buying an additional 13 shares during the period. Appleton Partners Inc. MA increased its position in NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock worth $372,000 after buying an additional 30 shares during the period. Miles Capital Inc. increased its position in NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock worth $427,000 after buying an additional 41 shares during the period. Finally, Broderick Brian C increased its position in NVIDIA Corporation by 0.4% in the second quarter. Broderick Brian C now owns 13,806 shares of the computer hardware maker’s stock worth $1,996,000 after buying an additional 52 shares during the period. Institutional investors own 68.55% of the company’s stock.

NVIDIA Corporation (NASDAQ:NVDA) opened at 163.81 on Friday. NVIDIA Corporation has a 52-week low of $57.32 and a 52-week high of $174.56. The firm’s 50-day moving average is $163.91 and its 200-day moving average is $131.12. The firm has a market capitalization of $98.29 billion, a PE ratio of 47.11 and a beta of 1.24.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company’s revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, analysts anticipate that NVIDIA Corporation will post $3.60 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be issued 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 (DPR) is 15.86%.

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NVDA has been the topic of a number of research reports. Vetr raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 target price on the stock in a research report on Monday, June 12th. Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a research report on Tuesday, July 11th. Canaccord Genuity reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, June 3rd. Mizuho reissued a “buy” rating and set a $170.00 target price (up previously from $145.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $144.95.

In other news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $164.53, for a total transaction of $8,226,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark L. Perry sold 16,281 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total value of $2,641,429.44. Following the sale, the director now directly owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 475,518 shares of company stock valued at $73,752,579. Insiders own 5.82% of the company’s stock.

NVIDIA Corporation Company Profile

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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