Financial Counselors Inc. Has $603,000 Position in NVIDIA Corporation (NVDA)

Financial Counselors Inc. boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 51.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,375 shares of the computer hardware maker’s stock after acquiring an additional 1,152 shares during the quarter. Financial Counselors Inc.’s holdings in NVIDIA were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of NVDA. Welch Investments LLC purchased a new stake in NVIDIA during the 3rd quarter valued at about $104,000. Evercore Wealth Management LLC boosted its holdings in NVIDIA by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in NVIDIA by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Hanson McClain Inc. boosted its holdings in NVIDIA by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the period. Finally, Edge Advisors LLC boosted its holdings in NVIDIA by 98.8% during the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the period. Institutional investors own 63.51% of the company’s stock.

A number of research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and set a $200.00 price target on shares of NVIDIA in a research report on Sunday, August 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $110.00 price target on shares of NVIDIA in a research report on Friday, August 11th. MKM Partners reaffirmed a “neutral” rating and set a $120.00 price target (up previously from $106.00) on shares of NVIDIA in a research report on Monday, August 14th. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $140.00 price target on shares of NVIDIA in a research report on Wednesday, August 16th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Saturday, September 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $187.38.

In other NVIDIA news, Director Tench Coxe sold 50,000 shares of the stock in a transaction on Monday, September 18th. The stock was 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 available through this link. Also, insider Michael Byron sold 9,538 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $179.80, for a total value of $1,714,932.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,175 shares of company stock worth $59,428,079. Company insiders own 5.82% of the company’s stock.

NVIDIA Corporation (NVDA) opened at $189.26 on Thursday. NVIDIA Corporation has a 52-week low of $87.54 and a 52-week high of $218.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The firm has a market capitalization of $113,770.45, a P/E ratio of 46.24, a P/E/G ratio of 4.00 and a beta of 1.18.

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, beating the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. equities analysts forecast that NVIDIA Corporation will post 4.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.32%. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. NVIDIA’s dividend payout ratio (DPR) is currently 14.89%.

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NVIDIA 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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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