Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,185 shares of the computer hardware maker’s stock after acquiring an additional 17,859 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NVIDIA Corporation were worth $25,240,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Sowell Financial Services LLC boosted its holdings in NVIDIA Corporation by 664.4% during the first quarter. Sowell Financial Services LLC now owns 4,724 shares of the computer hardware maker’s stock worth $655,000 after buying an additional 4,106 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in NVIDIA Corporation by 2.5% during the first quarter. Perigon Wealth Management LLC now owns 15,395 shares of the computer hardware maker’s stock worth $1,677,000 after buying an additional 379 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in NVIDIA Corporation by 733.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 718,821 shares of the computer hardware maker’s stock worth $78,301,000 after buying an additional 632,555 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in shares of NVIDIA Corporation during the first quarter worth about $447,000. Finally, Grassi Investment Management raised its position in shares of NVIDIA Corporation by 2.2% during the second quarter. Grassi Investment Management now owns 77,090 shares of the computer hardware maker’s stock worth $11,144,000 after purchasing an additional 1,685 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.
In other NVIDIA Corporation news, Director Dawn E. Hudson sold 15,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $213.44, for a total value of $3,201,600.00. Following the completion of the sale, the director now directly owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A Brooke Seawell sold 30,000 shares of the firm’s stock in a transaction on 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 directly owns 16,507 shares of the company’s stock, valued at $2,809,326.33. The disclosure for this sale can be found here. Insiders have sold 451,503 shares of company stock valued at $81,997,895 over the last ninety days. 5.82% of the stock is currently owned by company insiders.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA Corporation 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 period in the prior year, the business posted $0.94 earnings per share. equities analysts expect that NVIDIA Corporation will post 4.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 14.00%.
NVDA has been the topic of a number of research analyst reports. Bank of America Corporation set a $210.00 price target on NVIDIA Corporation and gave the stock a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA Corporation in a research report on Friday, September 8th. BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. The Goldman Sachs Group, Inc. raised their price target on NVIDIA Corporation from $193.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Evercore ISI raised their price target on NVIDIA Corporation from $180.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. NVIDIA Corporation presently has a consensus rating of “Buy” and a consensus price target of $186.20.
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.
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