KCM Investment Advisors LLC Buys Shares of 3,100 NVIDIA Corporation (NVDA)
KCM Investment Advisors LLC bought a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,100 shares of the computer hardware maker’s stock, valued at approximately $448,000.
Other hedge funds have also added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co grew its holdings in shares of NVIDIA Corporation by 9.9% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after purchasing an additional 1,000 shares during the last quarter. RB Capital Management LLC bought a new stake in NVIDIA Corporation in the 2nd quarter worth $272,000. Oppenheimer Asset Management Inc. grew its holdings in NVIDIA Corporation by 17.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after acquiring an additional 2,836 shares during the last quarter. D. Scott Neal Inc. bought a new stake in NVIDIA Corporation in the 2nd quarter worth $258,000. Finally, Girard Partners LTD. grew its holdings in NVIDIA Corporation by 7.7% in the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock worth $448,000 after acquiring an additional 221 shares during the last quarter. 65.85% of the stock is currently owned by institutional investors.
NVDA has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $171.00 price target (up previously from $165.00) on shares of NVIDIA Corporation in a report on Wednesday, June 14th. Vetr lowered shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price target on the stock. in a report on Thursday, August 31st. Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target on the stock in a report on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating on shares of NVIDIA Corporation in a report on Thursday, August 31st. Finally, BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $149.13.
Shares of NVIDIA Corporation (NVDA) traded up 6.32% during mid-day trading on Friday, reaching $180.11. 34,119,764 shares of the company traded hands. NVIDIA Corporation has a 52 week low of $62.74 and a 52 week high of $180.11. The firm has a 50-day moving average price of $166.30 and a 200 day moving average price of $136.97. The firm has a market capitalization of $108.07 billion, a price-to-earnings ratio of 51.80 and a beta of 1.25.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly 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 company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company earned $0.53 EPS. NVIDIA Corporation’s quarterly revenue was up 56.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Corporation will post $3.61 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 issued a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.31%. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 15.86%.
In related news, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $158.08, for a total value of $7,904,000.00. Following the transaction, the director now owns 14,350 shares in the company, valued at approximately $2,268,448. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the transaction, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 502,210 shares of company stock worth $79,743,664. 5.82% of the stock is owned by corporate insiders.
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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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