Roosevelt Investment Group Inc. increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 44.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,548 shares of the computer hardware maker’s stock after purchasing an additional 5,735 shares during the quarter. Roosevelt Investment Group Inc.’s holdings in NVIDIA Corporation were worth $2,681,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Crawford Lake Capital Management LLC purchased a new stake in NVIDIA Corporation in the second quarter valued at approximately $11,366,000. Seven Eight Capital LP purchased a new stake in NVIDIA Corporation in the second quarter valued at approximately $505,000. Fiera Capital Corp lifted its stake in NVIDIA Corporation by 280.0% in the second quarter. Fiera Capital Corp now owns 83,301 shares of the computer hardware maker’s stock valued at $12,042,000 after buying an additional 61,377 shares during the last quarter. Stephens Inc. AR lifted its stake in NVIDIA Corporation by 8.4% in the second quarter. Stephens Inc. AR now owns 3,070 shares of the computer hardware maker’s stock valued at $444,000 after buying an additional 238 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in NVIDIA Corporation by 0.6% in the second quarter. Riverhead Capital Management LLC now owns 51,489 shares of the computer hardware maker’s stock valued at $7,443,000 after buying an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 65.85% of the company’s stock.
A number of brokerages have weighed in on NVDA. Jefferies Group LLC reiterated a “buy” rating and issued a $180.00 price objective on shares of NVIDIA Corporation in a research note on Tuesday. Canaccord Genuity reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA Corporation in a research note on Friday. Vetr upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 price objective for the company in a research note on Wednesday, September 6th. Credit Suisse Group reiterated an “outperform” rating on shares of NVIDIA Corporation in a research note on Thursday, August 31st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of NVIDIA Corporation in a research note on Thursday, August 24th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $145.10.
NVIDIA Corporation (NASDAQ NVDA) traded down 0.99% during trading on Tuesday, hitting $167.32. The stock had a trading volume of 5,149,852 shares. NVIDIA Corporation has a 1-year low of $59.51 and a 1-year high of $174.56. The firm’s 50 day moving average is $165.37 and its 200 day moving average is $135.21. The firm has a market cap of $100.39 billion, a price-to-earnings ratio of 48.12 and a beta of 1.25.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Corporation will post $3.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be given a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the completion of the sale, the director now owns 16,507 shares of the company’s stock, valued at $2,809,326.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $23,182,791.20. Following the completion of the sale, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The disclosure for this sale can be found here. Insiders sold 502,210 shares of company stock valued at $79,743,664 in the last ninety days. Insiders own 5.17% of the company’s stock.
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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