NVIDIA Corporation (NVDA) Shares Sold by Hugh Johnson Advisors LLC
Hugh Johnson Advisors LLC cut its position in NVIDIA Corporation (NASDAQ:NVDA) by 20.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,026 shares of the computer hardware maker’s stock after selling 17,424 shares during the quarter. NVIDIA Corporation makes up approximately 3.1% of Hugh Johnson Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Hugh Johnson Advisors LLC’s holdings in NVIDIA Corporation were worth $9,689,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation in the second quarter worth about $116,000. Thompson Davis & CO. Inc. raised its holdings in NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after purchasing an additional 6 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after purchasing an additional 547 shares in the last quarter. Hanson McClain Inc. raised its holdings in NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after purchasing an additional 99 shares in the last quarter. Finally, Founders Capital Management raised its holdings in NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock worth $145,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.
In other news, Director A Brooke Seawell sold 30,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the sale, the director now directly owns 16,507 shares in the company, valued at $2,809,326.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Byron sold 409 shares of the company’s stock in a transaction 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 $23,291,390.99. The disclosure for this sale can be found here. Insiders sold 502,210 shares of company stock worth $79,743,664 over the last 90 days. Company insiders own 5.17% of the company’s stock.
Several equities analysts have recently issued reports on NVDA shares. Vetr downgraded shares of NVIDIA Corporation from a “hold” rating to a “sell” rating and set a $129.84 price objective on the stock. in a report on Tuesday, May 16th. Sanford C. Bernstein started coverage on shares of NVIDIA Corporation in a report on Thursday, May 18th. They set an “outperform” rating and a $165.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and set a $140.00 price objective on shares of NVIDIA Corporation in a report on Friday, May 19th. UBS AG restated a “buy” rating and set a $148.00 price objective (up previously from $135.00) on shares of NVIDIA Corporation in a report on Friday, May 19th. Finally, Bank of America Corporation upped their price objective on shares of NVIDIA Corporation from $138.00 to $155.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $145.10.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded down 0.22% during mid-day trading on Wednesday, hitting $169.23. The company’s stock had a trading volume of 3,939,820 shares. The stock has a 50-day moving average of $165.48 and a 200-day moving average of $135.45. The company has a market cap of $101.54 billion, a PE ratio of 48.67 and a beta of 1.25. NVIDIA Corporation has a 12-month low of $59.51 and a 12-month high of $174.56.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.96 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The business’s revenue was up 56.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post $3.61 EPS for the current year.
The business also recently disclosed 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 of this dividend is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
NVIDIA Corporation 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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