B. Riley Financial Inc. Takes $1.03 Million Position in NVIDIA Corporation (NVDA)

B. Riley Financial Inc. bought a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,766 shares of the computer hardware maker’s stock, valued at approximately $1,031,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Janus Henderson Group PLC raised its position in shares of NVIDIA by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after purchasing an additional 4,022,728 shares during the period. Vanguard Group Inc. raised its position in shares of NVIDIA by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after purchasing an additional 2,676,976 shares during the period. Jackson Square Partners LLC bought a new position in shares of NVIDIA in the second quarter valued at approximately $229,323,000. Renaissance Technologies LLC raised its position in shares of NVIDIA by 19.3% in the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after purchasing an additional 768,200 shares during the period. Finally, Quantitative Investment Management LLC raised its position in shares of NVIDIA by 3,194.2% in the second quarter. Quantitative Investment Management LLC now owns 678,600 shares of the computer hardware maker’s stock valued at $98,098,000 after purchasing an additional 658,000 shares during the period. Hedge funds and other institutional investors own 63.51% of the company’s stock.

A number of equities analysts have recently commented on NVDA shares. Raymond James Financial lifted their price target on shares of NVIDIA and gave the company an “outperform” rating in a research report on Friday, November 10th. Bank of America set a $210.00 price target on shares of NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Friday, September 8th. Royal Bank Of Canada lifted their price target on shares of NVIDIA from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Goldman Sachs Group lifted their price target on shares of NVIDIA from $193.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Four 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 assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $187.38.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $187.74 on Wednesday. NVIDIA Corporation has a 52 week low of $87.54 and a 52 week high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The company has a market cap of $119,794.08, a price-to-earnings ratio of 48.69, a PEG ratio of 4.28 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. sell-side analysts expect that NVIDIA Corporation will post 4.13 earnings per share for the current fiscal year.

The business 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 is an increase from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.32%. NVIDIA’s dividend payout ratio is 14.89%.

In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 80,250 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $187.23, for a total transaction of $15,025,207.50. Following the transaction, the director now owns 37,382 shares in the company, valued at approximately $6,999,031.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 315,175 shares of company stock worth $59,428,079. 5.17% of the stock is owned by corporate insiders.

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About NVIDIA

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 (NASDAQ:NVDA)

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