Fairfield Bush & CO. Continues to Hold Stake in NVIDIA Corporation (NVDA)
Fairfield Bush & CO. continued to hold its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,500 shares of the computer hardware maker’s stock at the close of the 2nd quarter. Fairfield Bush & CO.’s holdings in NVIDIA Corporation were worth $506,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. California State Teachers Retirement System increased its position in shares of NVIDIA Corporation by 3.5% during the second quarter. California State Teachers Retirement System now owns 1,048,102 shares of the computer hardware maker’s stock worth $151,513,000 after purchasing an additional 35,063 shares in the last quarter. Laurel Wealth Advisors Inc. purchased a new stake in shares of NVIDIA Corporation during the second quarter worth approximately $300,000. Private Advisory Group LLC purchased a new stake in shares of NVIDIA Corporation during the second quarter worth approximately $378,000. Quadrant Capital Group LLC increased its position in shares of NVIDIA Corporation by 11.5% during the second quarter. Quadrant Capital Group LLC now owns 1,176 shares of the computer hardware maker’s stock worth $153,000 after purchasing an additional 121 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of NVIDIA Corporation during the second quarter worth approximately $234,000. Hedge funds and other institutional investors own 65.79% of the company’s stock.
In related news, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 16,507 shares of the company’s stock, valued at $2,809,326.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Byron sold 409 shares of the business’s 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 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. Over the last three months, insiders sold 396,478 shares of company stock valued at $70,872,012. 5.17% of the stock is owned by corporate insiders.
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Several brokerages recently commented on NVDA. Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of NVIDIA Corporation in a research report on Monday, July 3rd. B. Riley reissued a “buy” rating and set a $200.00 price objective (up previously from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. Goldman Sachs Group, Inc. (The) boosted their price objective on NVIDIA Corporation to $217.00 and gave the stock a “positive” rating in a research note on Wednesday. BidaskClub lowered NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $110.00 price objective on shares of NVIDIA Corporation in a research note on Friday, August 11th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $156.80.
NVIDIA Corporation (NASDAQ:NVDA) traded up 0.58% on Wednesday, hitting $190.03. The stock had a trading volume of 7,155,459 shares. The firm has a market cap of $114.02 billion, a PE ratio of 53.99 and a beta of 1.28. The company’s 50 day moving average is $173.78 and its 200 day moving average is $147.08. NVIDIA Corporation has a 12-month low of $63.70 and a 12-month high of $192.95.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. NVIDIA Corporation’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. On average, equities research analysts expect that NVIDIA Corporation will post $3.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
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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