Apriem Advisors acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,207 shares of the computer hardware maker’s stock, valued at approximately $395,000.
Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of NVIDIA by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of NVIDIA by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after purchasing an additional 463,306 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of NVIDIA by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after purchasing an additional 768,200 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of NVIDIA by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after purchasing an additional 4,022,728 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of NVIDIA by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock worth $585,894,000 after purchasing an additional 46,686 shares in the last quarter. Institutional investors own 63.51% of the company’s stock.
A number of brokerages have recently issued reports on NVDA. ValuEngine cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Vetr upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $218.56 price target on the stock in a research note on Wednesday, November 29th. Mizuho restated a “buy” rating and issued a $225.00 price target on shares of NVIDIA in a research note on Tuesday, November 28th. Royal Bank Of Canada restated a “buy” rating on shares of NVIDIA in a research note on Friday, November 24th. Finally, Canaccord Genuity increased their price target on NVIDIA from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA has a consensus rating of “Buy” and an average price target of $187.38.
In other news, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the sale, the director now directly owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total value of $654,318.28. Following the sale, the director now directly owns 28,816 shares in the company, valued at $6,177,862.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 315,175 shares of company stock worth $59,428,079. 5.82% of the stock is currently owned by insiders.
NVIDIA Corporation (NASDAQ:NVDA) opened at $189.26 on Thursday. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $113,770.45, a price-to-earnings ratio of 46.24, a price-to-earnings-growth ratio of 4.00 and a beta of 1.18. NVIDIA Corporation has a 12-month low of $87.54 and a 12-month high of $218.67.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS. sell-side analysts forecast that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.15 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA’s dividend payout ratio is 14.89%.
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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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