Candriam Luxembourg S.C.A. Raises Stake in NVIDIA Co. (NVDA)
Candriam Luxembourg S.C.A. lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 78,796 shares of the computer hardware maker’s stock after purchasing an additional 6,918 shares during the period. Candriam Luxembourg S.C.A.’s holdings in NVIDIA were worth $15,247,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of NVIDIA by 2.8% during the third quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock worth $512,549,000 after purchasing an additional 78,943 shares during the period. Swiss National Bank raised its position in shares of NVIDIA by 0.9% during the fourth quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock worth $428,290,000 after purchasing an additional 19,900 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of NVIDIA by 4.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock worth $392,322,000 after purchasing an additional 95,004 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of NVIDIA by 12.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,970,888 shares of the computer hardware maker’s stock worth $352,336,000 after purchasing an additional 211,411 shares during the period. Finally, Swedbank raised its position in shares of NVIDIA by 21.0% during the third quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock worth $302,244,000 after purchasing an additional 293,832 shares during the period. 62.70% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on the company. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Susquehanna Bancshares reiterated a “neutral” rating and set a $200.00 price target (up previously from $185.00) on shares of NVIDIA in a report on Thursday, February 8th. Stifel Nicolaus upped their price target on NVIDIA from $184.00 to $220.00 and gave the stock a “hold” rating in a report on Friday. They noted that the move was a valuation call. Zacks Investment Research upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price target for the company in a report on Wednesday, January 24th. Finally, Jefferies Group upped their price target on NVIDIA from $15.50 to $300.00 and gave the stock a “buy” rating in a report on Friday. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $210.67.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. sell-side analysts forecast that NVIDIA Co. will post 4.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. NVIDIA’s dividend payout ratio (DPR) is 12.42%.
In related news, CFO Colette Kress sold 171 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Persis Drell sold 606 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the sale, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. Insiders have sold a total of 4,858 shares of company stock worth $1,025,784 in the last three months. 5.17% of the stock is currently owned by insiders.
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NVIDIA 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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