Chicago Equity Partners LLC Sells 9,820 Shares of NVIDIA Corporation (NVDA)
Chicago Equity Partners LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 31.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,905 shares of the computer hardware maker’s stock after selling 9,820 shares during the period. Chicago Equity Partners LLC’s holdings in NVIDIA Corporation were worth $3,916,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after acquiring an additional 2,676,976 shares during the period. Ameriprise Financial Inc. raised its holdings 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 valued at $827,110,000 after buying an additional 463,306 shares during the period. Janus Capital Management LLC raised its holdings 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 valued at $584,832,000 after buying an additional 895,591 shares during the period. Renaissance Technologies LLC raised its holdings in NVIDIA Corporation by 19.3% in the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in NVIDIA Corporation by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares during the period. Institutional investors own 65.59% of the company’s stock.
Several research analysts recently commented on NVDA shares. Bank of America Corporation set a $210.00 price target on shares of NVIDIA Corporation and gave the company a “buy” rating in a report on Thursday, October 12th. Canaccord Genuity restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA Corporation in a report on Friday, September 8th. BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) increased their price objective on shares of NVIDIA Corporation from $193.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Evercore ISI increased their price objective on shares of NVIDIA Corporation from $180.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. NVIDIA Corporation has an average rating of “Hold” and an average target price of $173.25.
Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at $205.32 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.99 and a current ratio of 7.82. The company has a market capitalization of $125,496.00, a price-to-earnings ratio of 58.75, a PEG ratio of 5.17 and a beta of 1.23. NVIDIA Corporation has a 1-year low of $66.76 and a 1-year high of $212.90.
NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. research analysts expect that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s dividend payout ratio is presently 15.86%.
In other NVIDIA Corporation news, insider Michael Byron sold 409 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the transaction, the insider now owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark L. Perry sold 16,281 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $162.24, for a total value of $2,641,429.44. Following the completion of the transaction, the director now directly owns 48,069 shares in the company, valued at approximately $7,798,714.56. The disclosure for this sale can be found here. Insiders have sold 452,784 shares of company stock worth $81,437,724 in the last 90 days. Company insiders own 5.82% of the company’s stock.
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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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