NVIDIA Corporation (NVDA) Shares Bought by WESPAC Advisors SoCal LLC
WESPAC Advisors SoCal LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 8.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,175 shares of the computer hardware maker’s stock after buying an additional 850 shares during the quarter. NVIDIA Corporation comprises approximately 1.0% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 28th biggest position. WESPAC Advisors SoCal LLC’s holdings in NVIDIA Corporation were worth $1,615,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in NVIDIA Corporation by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares during the last quarter. Edgewood Management LLC boosted its position in NVIDIA Corporation by 21.9% in the first quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after purchasing an additional 1,074,303 shares during the last quarter. Ameriprise Financial Inc. boosted its position in NVIDIA Corporation by 8.8% in the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after purchasing an additional 463,306 shares during the last quarter. Janus Capital Management LLC boosted its position in NVIDIA Corporation by 20.0% in the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after purchasing an additional 895,591 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after purchasing an additional 3,419,701 shares during the last quarter. Institutional investors own 65.79% of the company’s stock.
NVDA has been the topic of several research reports. Vetr raised NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $143.94 target price on the stock in a research report on Thursday, May 25th. Citigroup Inc. reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Tuesday, May 30th. Royal Bank Of Canada reissued an “outperform” rating on shares of NVIDIA Corporation in a research report on Wednesday, May 31st. Jefferies Group LLC reissued a “buy” rating and issued a $140.00 target price on shares of NVIDIA Corporation in a research report on Friday, June 2nd. Finally, Canaccord Genuity reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, June 3rd. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. NVIDIA Corporation presently has a consensus rating of “Hold” and an average target price of $150.03.
In other news, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total value of $18,268,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Byron sold 409 shares of NVIDIA Corporation 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 directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders sold 356,690 shares of company stock valued at $58,137,873 over the last ninety days. Insiders own 5.82% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded down 3.38% during midday trading on Thursday, hitting $179.56. The company’s stock had a trading volume of 16,058,625 shares. The firm has a market cap of $107.74 billion, a price-to-earnings ratio of 51.64 and a beta of 1.25. NVIDIA Corporation has a 12-month low of $63.27 and a 12-month high of $191.20. The firm has a 50-day moving average of $167.68 and a 200 day moving average of $138.76. NVIDIA Corporation also saw unusually large options trading on Monday. Traders purchased 104,416 put options on the stock. This is an increase of approximately 247% compared to the average daily volume of 30,111 put options.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities research analysts predict that NVIDIA Corporation will post $3.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.30%. NVIDIA Corporation’s payout ratio is presently 15.86%.
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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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