Sumitomo Mitsui Asset Management Company LTD raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 12.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 754,847 shares of the computer hardware maker’s stock after buying an additional 83,065 shares during the period. NVIDIA Corporation accounts for about 1.8% of Sumitomo Mitsui Asset Management Company LTD’s portfolio, making the stock its 7th largest position. Sumitomo Mitsui Asset Management Company LTD owned approximately 0.13% of NVIDIA Corporation worth $109,120,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the second quarter valued at $116,000. Proficio Capital Partners LLC increased its position in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares in the last quarter. Founders Capital Management increased its position in shares of NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock valued at $145,000 after buying an additional 200 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock valued at $105,000 after buying an additional 157 shares in the last quarter. Finally, Coconut Grove Bank increased its position in shares of NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 1,060 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors.
NVIDIA Corporation (NASDAQ NVDA) traded down 5.33% during mid-day trading on Friday, reaching $155.96. 37,429,859 shares of the company were exchanged. The stock has a market capitalization of $93.11 billion, a price-to-earnings ratio of 44.85 and a beta of 1.24. NVIDIA Corporation has a 1-year low of $57.32 and a 1-year high of $174.56. The stock’s 50-day moving average price is $159.49 and its 200-day moving average price is $127.38. NVIDIA Corporation also was the target of some unusual options trading on Thursday. Investors purchased 84,606 put options on the stock. This represents an increase of approximately 147% compared to the typical volume of 34,198 put options.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.99% and a net margin of 27.41%. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is presently 15.86%.
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Several equities analysts have weighed in on NVDA shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a report on Friday, April 14th. B. Riley reaffirmed a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a report on Monday, May 8th. Vetr downgraded shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 price target on the stock. in a report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a report on Tuesday, May 2nd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $145.00 price target on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company’s stock. NVIDIA Corporation currently has an average rating of “Buy” and a consensus price target of $144.43.
In related news, Director A Brooke Seawell sold 3,107 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total transaction of $434,980.00. Following the completion of the sale, the director now owns 5,165 shares in the company, valued at $723,100. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total value of $325,050.00. Following the sale, the director now owns 24,652 shares of the company’s stock, valued at approximately $3,205,253.04. The disclosure for this sale can be found here. Insiders sold a total of 572,282 shares of company stock valued at $86,830,082 in the last quarter. Company insiders own 5.82% of the company’s stock.
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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