Cubist Systematic Strategies LLC purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,370 shares of the computer hardware maker’s stock, valued at approximately $2,511,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. boosted its stake in NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after purchasing an additional 6 shares during the last quarter. Family Firm Inc. lifted its position in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock worth $284,000 after buying an additional 13 shares in the last quarter. Appleton Partners Inc. MA lifted its position in shares of NVIDIA Corporation by 1.2% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock worth $372,000 after buying an additional 30 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its position in shares of NVIDIA Corporation by 0.4% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after buying an additional 30 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its position in shares of NVIDIA Corporation by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock worth $271,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 65.79% of the company’s stock.

NVDA has been the topic of several recent analyst reports. BidaskClub cut shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Mizuho reissued a “buy” rating and set a $170.00 target price (up previously from $145.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $171.00 target price (up previously from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. Bank of America Corporation reissued a “buy” rating and set a $185.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, June 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 target price (up previously from $130.00) on shares of NVIDIA Corporation in a research report on Monday, July 10th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $155.31.

In related news, insider Michael Byron sold 9,538 shares of NVIDIA Corporation stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $179.80, for a total transaction of $1,714,932.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark L. Perry sold 16,281 shares of NVIDIA Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the transaction, the director now directly owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The disclosure for this sale can be found here. Insiders sold a total of 396,478 shares of company stock valued at $70,872,012 over the last three months. Corporate insiders own 5.17% of the company’s stock.

NVIDIA Corporation (NASDAQ:NVDA) traded up 2.28% during mid-day trading on Monday, reaching $185.43. 5,064,138 shares of the company’s stock traded hands. NVIDIA Corporation has a 12-month low of $63.70 and a 12-month high of $191.20. The stock has a market capitalization of $111.26 billion, a PE ratio of 53.33 and a beta of 1.28. The stock has a 50-day moving average price of $172.25 and a 200-day moving average price of $145.37.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the company posted $0.53 EPS. The business’s revenue was up 56.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post $3.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders 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 0.31%. NVIDIA Corporation’s payout ratio is currently 15.86%.

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

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