Cornerstone Capital Management Holdings LLC. lifted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,969 shares of the computer hardware maker’s stock after purchasing an additional 1,323 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in NVIDIA Corporation were worth $29,050,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Evercore Wealth Management LLC boosted its stake in NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation in the second quarter valued at approximately $116,000. Proficio Capital Partners LLC boosted its stake 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 valued at $117,000 after acquiring an additional 547 shares during the last quarter. Thompson Davis & CO. Inc. boosted its stake 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 valued at $119,000 after acquiring an additional 6 shares during the last quarter. Finally, Hanson McClain Inc. boosted its stake in NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the last quarter. 65.79% of the stock is owned by institutional investors and hedge funds.

NVIDIA Corporation (NVDA) traded down 0.48% during mid-day trading on Friday, reaching $179.90. 2,627,426 shares of the company’s stock were exchanged. The company has a 50-day moving average of $171.68 and a 200-day moving average of $144.85. The stock has a market cap of $107.94 billion, a price-to-earnings ratio of 51.74 and a beta of 1.28. NVIDIA Corporation has a 52-week low of $63.70 and a 52-week high of $191.20.

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 consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company’s revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Equities research analysts anticipate that NVIDIA Corporation will post $3.63 earnings per share for the current year.

The firm also recently announced 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 annualized dividend and a dividend yield of 0.31%. NVIDIA Corporation’s payout ratio is 15.86%.

In other news, insider Michael Byron sold 409 shares of NVIDIA Corporation 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 completion of the transaction, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Insiders sold 496,478 shares of company stock valued at $85,901,012 in the last quarter. Corporate insiders own 5.82% of the company’s stock.

A number of brokerages have issued reports on NVDA. UBS AG reaffirmed a “buy” rating and issued a $168.00 price objective (up from $148.00) on shares of NVIDIA Corporation in a research note on Friday, June 9th. B. Riley reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA Corporation in a research note on Sunday, August 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $110.00 price objective on shares of NVIDIA Corporation in a research note on Friday, August 11th. Instinet reaffirmed a “reduce” rating and issued a $110.00 price objective (up from $90.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Finally, Vetr cut shares of NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 price objective on the stock. in a research note on Tuesday, August 15th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. NVIDIA Corporation has a consensus rating of “Hold” and a consensus price target of $155.31.

WARNING: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/06/cornerstone-capital-management-holdings-llc-raises-position-in-nvidia-corporation-nvda.html.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

Receive News & Stock Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related stocks with our FREE daily email newsletter.