CWA Asset Management Group LLC Continues to Hold Position in NVIDIA Corporation (NVDA)
CWA Asset Management Group LLC continued to hold its stake in NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,736 shares of the computer hardware maker’s stock at the close of the 2nd quarter. CWA Asset Management Group LLC’s holdings in NVIDIA Corporation were worth $685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TB Alternative Assets Ltd. acquired a new stake in NVIDIA Corporation during the second quarter worth approximately $116,000. Thompson Davis & CO. Inc. boosted its position in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the last quarter. Proficio Capital Partners LLC boosted its position in NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after acquiring an additional 547 shares during the last quarter. Hanson McClain Inc. boosted its position in NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after acquiring an additional 99 shares during the last quarter. Finally, Founders Capital Management boosted its position in NVIDIA Corporation by 25.0% during the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock worth $145,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 65.85% of the company’s stock.
NVIDIA Corporation (NASDAQ NVDA) traded down 0.54% on Tuesday, reaching $168.08. 4,762,784 shares of the company’s stock were exchanged. The firm has a market capitalization of $100.85 billion, a price-to-earnings ratio of 48.34 and a beta of 1.25. The firm has a 50-day moving average of $165.37 and a 200-day moving average of $135.21. NVIDIA Corporation has a 12 month low of $59.51 and a 12 month high of $174.56.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping 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 analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post $3.61 earnings per share for the current year.
The company also recently announced 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. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is 15.86%.
In other news, insider Michael Byron sold 409 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $171.01, for a total value of $69,943.09. Following the sale, the insider now owns 136,199 shares of the company’s stock, valued at approximately $23,291,390.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jen Hsun Huang sold 110,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 502,210 shares of company stock worth $79,743,664. 5.17% of the stock is owned by insiders.
A number of analysts recently issued reports on the stock. Vetr upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 target price on the stock in a research report on Wednesday, September 6th. Rosenblatt Securities restated a “buy” rating and set a $140.00 target price on shares of NVIDIA Corporation in a research report on Friday, May 19th. Royal Bank Of Canada restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA Corporation in a research report on Thursday, July 13th. BidaskClub lowered shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Needham & Company LLC restated a “buy” rating on shares of NVIDIA Corporation in a research report on Friday, August 11th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $145.10.
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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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