Andra AP fonden Cuts Position in NVIDIA Corporation (NVDA)
Andra AP fonden decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 39.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,500 shares of the computer hardware maker’s stock after selling 16,800 shares during the period. Andra AP fonden’s holdings in NVIDIA Corporation were worth $3,686,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of NVDA. RB Capital Management LLC bought a new stake in NVIDIA Corporation during the second quarter worth about $272,000. D. Scott Neal Inc. bought a new stake in NVIDIA Corporation during the second quarter worth about $258,000. Ameriprise Financial Inc. increased its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in NVIDIA Corporation by 6.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 308,211 shares of the computer hardware maker’s stock worth $33,573,000 after buying an additional 19,245 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. bought a new stake in NVIDIA Corporation during the first quarter worth about $17,244,000. Institutional investors own 66.41% of the company’s stock.
Shares of NVIDIA Corporation (NVDA) opened at 165.68 on Thursday. The firm has a market cap of $99.41 billion, a price-to-earnings ratio of 47.65 and a beta of 1.24. The stock has a 50 day moving average of $163.91 and a 200-day moving average of $131.12. NVIDIA Corporation has a 52 week low of $57.31 and a 52 week high of $174.56.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $0.53 earnings per share. NVIDIA Corporation’s revenue was up 56.2% compared to the same quarter last year. Equities research analysts expect that NVIDIA Corporation will post $3.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be paid a $0.14 dividend. The ex-dividend date of this dividend 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 presently 15.86%.
Several brokerages recently issued reports on NVDA. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $171.00 price objective (up from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. CLSA restated an “underperform” rating and set a $115.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Pacific Crest restated an “underweight” rating and set a $90.00 price objective on shares of NVIDIA Corporation in a research report on Monday, May 8th. Vetr downgraded NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $174.02 price objective for the company. in a research report on Tuesday, July 11th. Finally, Wells Fargo & Company restated an “underperform” rating and set a $75.00 price objective (up from $68.00) on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. NVIDIA Corporation has an average rating of “Hold” and an average price target of $144.95.
In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark L. Perry sold 16,281 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the sale, the director now directly owns 48,069 shares of the company’s stock, valued at approximately $7,798,714.56. The disclosure for this sale can be found here. Insiders sold 411,801 shares of company stock worth $64,525,721 over the last 90 days. 5.82% of the stock is currently owned by corporate insiders.
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.
Receive News & Stock Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related stocks with our FREE daily email newsletter.