Gilder Gagnon Howe & Co. LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,826 shares of the computer hardware maker’s stock after selling 2,996 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in NVIDIA Corporation were worth $42,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cibc World Markets Corp boosted its stake in NVIDIA Corporation by 12.1% in the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after buying an additional 13,802 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in NVIDIA Corporation by 9.9% in the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after buying an additional 1,000 shares in the last quarter. RB Capital Management LLC purchased a new stake in NVIDIA Corporation in the second quarter worth approximately $272,000. Oppenheimer Asset Management Inc. boosted its stake in NVIDIA Corporation by 17.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after buying an additional 2,836 shares in the last quarter. Finally, D. Scott Neal Inc. purchased a new stake in NVIDIA Corporation in the second quarter worth approximately $258,000. 65.40% of the stock is owned by institutional investors and hedge funds.
NVIDIA Corporation (NVDA) traded up $1.55 during mid-day trading on Tuesday, hitting $214.18. The stock had a trading volume of 6,160,031 shares, compared to its average volume of 17,758,639. NVIDIA Corporation has a 12-month low of $83.62 and a 12-month high of $218.67. 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 stock has a market cap of $127,580.00, a PE ratio of 53.24, a P/E/G ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (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, beating the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 31.5% on a year-over-year basis. equities analysts forecast that NVIDIA Corporation will post 3.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s payout ratio is presently 14.00%.
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A number of analysts have recently weighed in on the company. SunTrust Banks, Inc. increased their price objective on NVIDIA Corporation to $253.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of NVIDIA Corporation in a research note on Friday. Bank of America Corporation increased their price objective on NVIDIA Corporation from $210.00 to $251.00 and gave the company a “buy” rating in a research note on Friday. Barclays PLC increased their price objective on NVIDIA Corporation from $200.00 to $225.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Raymond James Financial, Inc. increased their price objective on NVIDIA Corporation and gave the company an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA Corporation presently has an average rating of “Buy” and a consensus target price of $185.41.
In related news, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $171.01, for a total value of $69,943.09. Following the sale, the insider now directly owns 136,199 shares in the company, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 436,503 shares of company stock worth $78,796,295. Insiders own 5.17% of the company’s stock.
About NVIDIA Corporation
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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