TIAA CREF Investment Management LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,529,511 shares of the computer hardware maker’s stock after selling 250,136 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.59% of NVIDIA Corporation worth $510,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of NVIDIA Corporation during the first quarter worth $388,000. Advisors Asset Management Inc. boosted its position in shares of NVIDIA Corporation by 67.4% during the first quarter. Advisors Asset Management Inc. now owns 14,660 shares of the computer hardware maker’s stock worth $1,597,000 after acquiring an additional 5,902 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of NVIDIA Corporation by 4.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 194,220 shares of the computer hardware maker’s stock worth $21,349,000 after acquiring an additional 8,212 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of NVIDIA Corporation by 3.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 50,923 shares of the computer hardware maker’s stock worth $5,547,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Opera Trading Capital bought a new position in shares of NVIDIA Corporation during the first quarter worth $1,633,000. Institutional investors and hedge funds own 65.85% of the company’s stock.
NVIDIA Corporation (NASDAQ NVDA) traded down 0.9856% during mid-day trading on Tuesday, hitting $167.3344. 5,151,637 shares of the stock were exchanged. The firm has a market cap of $100.40 billion, a P/E ratio of 48.1261 and a beta of 1.25. NVIDIA Corporation has a 12-month low of $59.51 and a 12-month high of $174.56. The company has a 50 day moving average of $165.37 and a 200 day moving average of $135.21.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Corporation will post $3.61 earnings per share 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 given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is presently 15.86%.
In other news, Director Harvey C. Jones sold 145,520 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the completion of the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at $4,900,694.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jen Hsun Huang sold 110,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total value of $18,268,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 502,210 shares of company stock valued at $79,743,664. Corporate insiders own 5.17% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “NVIDIA Corporation (NVDA) Holdings Decreased by TIAA CREF Investment Management LLC” was first reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thestockobserver.com/2017/09/12/nvidia-corporation-nvda-holdings-decreased-by-tiaa-cref-investment-management-llc.html.
NVDA has been the subject of a number of research reports. Vetr upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 target price for the company in a research report on Monday, June 12th. Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price for the company in a research report on Tuesday, July 11th. Canaccord Genuity restated a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, June 3rd. Mizuho restated a “buy” rating and set a $170.00 target price (up previously from $145.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $145.10.
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.
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA).
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.