Intellectus Partners LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 11.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,898 shares of the computer hardware maker’s stock after acquiring an additional 290 shares during the period. Intellectus Partners LLC’s holdings in NVIDIA Corporation were worth $419,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Cibc World Markets Corp raised its position in NVIDIA Corporation by 12.1% during the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after acquiring an additional 13,802 shares during the period. Meiji Yasuda Life Insurance Co raised its position in NVIDIA Corporation by 9.9% during 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 acquiring an additional 1,000 shares during the period. RB Capital Management LLC acquired a new position in NVIDIA Corporation during the second quarter worth $272,000. Oppenheimer Asset Management Inc. raised its position in NVIDIA Corporation by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after acquiring an additional 2,836 shares during the period. Finally, D. Scott Neal Inc. acquired a new position in NVIDIA Corporation during the second quarter worth $258,000. Institutional investors own 65.79% of the company’s stock.
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A number of equities research analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $171.00 target price (up from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. Vetr cut shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price for the company. in a research report on Thursday, August 31st. Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price for the company in a research report on Tuesday, July 11th. Credit Suisse Group reiterated an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday, August 31st. Finally, BidaskClub upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation currently has an average rating of “Hold” and an average target price of $156.80.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. NVIDIA Corporation’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS.
The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is presently 15.86%.
In other NVIDIA Corporation news, insider Michael Byron sold 409 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the completion of the transaction, the insider now owns 136,199 shares in the company, valued at approximately $23,291,390.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Debora Shoquist sold 33,498 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total value of $6,339,161.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 452,784 shares of company stock valued at $81,437,724. 5.82% of the stock is owned by company insiders.
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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