NVIDIA Corporation (NVDA) Position Reduced by Thompson Siegel & Walmsley LLC
Thompson Siegel & Walmsley LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,448 shares of the computer hardware maker’s stock after selling 1,618 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in NVIDIA Corporation were worth $2,522,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of NVDA. State of Alaska Department of Revenue purchased a new position in NVIDIA Corporation during the first quarter valued at approximately $182,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in NVIDIA Corporation in the 1st quarter worth approximately $388,000. PBWM Holdings LLC purchased a new position in NVIDIA Corporation in the 1st quarter worth approximately $237,000. Winch Advisory Services LLC grew its stake in NVIDIA Corporation by 6.2% in the 1st quarter. Winch Advisory Services LLC now owns 2,768 shares of the computer hardware maker’s stock worth $302,000 after buying an additional 161 shares in the last quarter. Finally, State Treasurer State of Michigan grew its stake in NVIDIA Corporation by 7.8% in the 1st quarter. State Treasurer State of Michigan now owns 443,492 shares of the computer hardware maker’s stock worth $48,310,000 after buying an additional 32,200 shares in the last quarter. 65.85% of the stock is owned by institutional investors.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 165.81 on Thursday. The stock has a market cap of $99.49 billion, a P/E ratio of 47.69 and a beta of 1.25. NVIDIA Corporation has a one year low of $57.31 and a one year high of $174.56. The stock’s 50 day moving average is $165.52 and its 200-day moving average is $134.17.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion for 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%. NVIDIA Corporation’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post $3.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors 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 dividend on an annualized basis and a yield of 0.34%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
A number of equities analysts have commented on NVDA shares. Vetr raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price target for the company in a research note 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 price target for the company in a research note on Tuesday, July 11th. Canaccord Genuity reissued a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, June 3rd. Mizuho reissued a “buy” rating and issued a $170.00 price target (up previously from $145.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 28th. Finally, BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. NVIDIA Corporation currently has a consensus rating of “Hold” and an average target price of $145.10.
In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Byron sold 409 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $171.01, for a total value of $69,943.09. Following the completion of the sale, the insider now owns 136,199 shares in the company, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 442,210 shares of company stock worth $69,701,364. 5.82% of the stock is owned by 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.
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