NEXT Financial Group Inc lowered its stake in NVIDIA Corporation (NASDAQ:NVDA) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,601 shares of the computer hardware maker’s stock after selling 1,422 shares during the quarter. NVIDIA Corporation accounts for 0.9% of NEXT Financial Group Inc’s portfolio, making the stock its 13th largest position. NEXT Financial Group Inc’s holdings in NVIDIA Corporation were worth $3,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Welch Investments LLC purchased a new stake in NVIDIA Corporation in the third quarter worth approximately $104,000. Evercore Wealth Management LLC boosted its stake in shares of NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the 2nd quarter worth $116,000. Thompson Davis & CO. Inc. boosted its stake in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the last quarter. Finally, Hanson McClain Inc. boosted its stake in shares of NVIDIA Corporation by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 65.28% of the company’s stock.

In related news, insider Michael Byron sold 409 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the transaction, the insider now owns 136,199 shares in the company, valued at approximately $23,291,390.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the transaction, the director now owns 16,507 shares of the company’s stock, valued at approximately $2,809,326.33. The disclosure for this sale can be found here. Insiders sold a total of 451,503 shares of company stock valued at $81,997,895 in the last ninety days. Corporate insiders own 5.17% of the company’s stock.

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Shares of NVIDIA Corporation (NASDAQ NVDA) traded down $0.25 on Monday, hitting $211.36. 12,891,500 shares of the stock traded hands, compared to its average volume of 17,663,021. NVIDIA Corporation has a 52-week low of $84.77 and a 52-week high of $218.67. The stock has a market cap of $128,360.00, a PE ratio of 52.06, a PEG ratio of 4.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The company’s revenue was up 31.5% compared to the same quarter last year. equities analysts expect that NVIDIA Corporation will post 4.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, November 22nd. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s dividend payout ratio is presently 14.00%.

Several brokerages have recently weighed in on NVDA. SunTrust Banks, Inc. lifted their price target on shares of NVIDIA Corporation to $253.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of NVIDIA Corporation in a research note on Friday, November 10th. Barclays PLC lifted their price target on shares of NVIDIA Corporation from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Raymond James Financial, Inc. lifted their price target on shares of NVIDIA Corporation and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, MKM Partners lifted their price target on shares of NVIDIA Corporation and gave the stock a “neutral” rating in a research note on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation currently has an average rating of “Buy” and a consensus price target of $186.85.

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.

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

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