NVIDIA Corporation (NVDA) Position Trimmed by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,078,142 shares of the computer hardware maker’s stock after selling 60,929 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.35% of NVIDIA Corporation worth $300,416,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Quantitative Investment Management LLC lifted its stake in NVIDIA Corporation by 3,194.2% during the second quarter. Quantitative Investment Management LLC now owns 678,600 shares of the computer hardware maker’s stock worth $98,098,000 after purchasing an additional 658,000 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in NVIDIA Corporation by 5.7% during the second quarter. Rafferty Asset Management LLC now owns 112,182 shares of the computer hardware maker’s stock worth $16,217,000 after purchasing an additional 6,083 shares during the last quarter. New York State Common Retirement Fund lifted its stake in NVIDIA Corporation by 14.4% during the second quarter. New York State Common Retirement Fund now owns 1,342,605 shares of the computer hardware maker’s stock worth $194,087,000 after purchasing an additional 168,827 shares during the last quarter. BRYN MAWR TRUST Co lifted its stake in NVIDIA Corporation by 1.0% during the second quarter. BRYN MAWR TRUST Co now owns 5,050 shares of the computer hardware maker’s stock worth $731,000 after purchasing an additional 50 shares during the last quarter. Finally, Bank Hapoalim BM purchased a new stake in NVIDIA Corporation in the second quarter valued at approximately $314,000. Hedge funds and other institutional investors own 65.79% of the company’s stock.

In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 145,520 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the completion of the sale, the director now 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. In the last 90 days, insiders sold 552,210 shares of company stock valued at $89,224,664. 5.17% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on NVDA shares. Vetr upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price objective for the company in a research note on Monday, June 12th. Zacks Investment Research upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective for the company in a research note on Tuesday, July 11th. Canaccord Genuity reiterated a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, June 3rd. Mizuho reiterated a “buy” rating and issued a $170.00 price objective (up previously from $145.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 28th. Finally, BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation has a consensus rating of “Hold” and an average target price of $150.03.

Shares of NVIDIA Corporation (NVDA) traded up 0.3074% during trading on Tuesday, hitting $188.1266. The stock had a trading volume of 13,299,712 shares. The stock has a market capitalization of $112.88 billion, a price-to-earnings ratio of 54.1060 and a beta of 1.25. The stock’s 50 day moving average is $166.97 and its 200 day moving average is $138.12. NVIDIA Corporation has a 52 week low of $62.74 and a 52 week high of $191.20. NVIDIA Corporation also saw some unusual options trading on Monday. Traders acquired 104,416 put options on the company. This is an increase of approximately 247% compared to the typical daily volume of 30,111 put options.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. On average, equities research analysts expect that NVIDIA Corporation will post $3.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.

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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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Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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