GRATRY & Co LLC reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 24.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,790 shares of the computer hardware maker’s stock after selling 920 shares during the period. GRATRY & Co LLC’s holdings in NVIDIA Corporation were worth $403,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Evercore Wealth Management LLC lifted its stake in shares of NVIDIA Corporation by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of NVIDIA Corporation during the second quarter worth $116,000. Proficio Capital Partners LLC lifted its stake in shares of NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares during the period. Thompson Davis & CO. Inc. lifted its stake in shares of NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after buying an additional 6 shares during the period. Finally, Hanson McClain Inc. lifted its stake in shares of NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 65.79% of the company’s stock.
Several equities research analysts have recently commented on the stock. Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of NVIDIA Corporation in a research note on Monday, July 3rd. B. Riley reiterated a “buy” rating and set a $200.00 price objective (up from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. Royal Bank Of Canada lifted their price objective on shares of NVIDIA Corporation from $205.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America Corporation set a $210.00 price objective on shares of NVIDIA Corporation and gave the stock a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC lifted their price objective on shares of NVIDIA Corporation from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $159.23.
NVIDIA Corporation (NVDA) traded up 1.9071% during mid-day trading on Friday, hitting $194.6732. 7,933,213 shares of the stock traded hands. The firm’s 50-day moving average is $175.31 and its 200-day moving average is $147.71. NVIDIA Corporation has a 12-month low of $65.52 and a 12-month high of $194.73. The company has a market cap of $116.80 billion, a price-to-earnings ratio of 55.9888 and a beta of 1.28.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. Equities research analysts expect that NVIDIA Corporation will post $3.64 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were issued a $0.14 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. NVIDIA Corporation’s payout ratio is 15.86%.
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In related news, CFO Colette Kress sold 22,808 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Debora Shoquist sold 33,498 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total transaction of $6,339,161.52. The disclosure for this sale can be found here. Over 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 insiders.
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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