Bell Bank lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,649 shares of the computer hardware maker’s stock after selling 1,026 shares during the quarter. Bell Bank’s holdings in NVIDIA were worth $1,367,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in NVIDIA by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in NVIDIA by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after buying an additional 463,306 shares in the last quarter. Renaissance Technologies LLC grew its holdings in NVIDIA by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares in the last quarter. Janus Henderson Group PLC grew its holdings in NVIDIA by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in NVIDIA by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after buying an additional 46,686 shares in the last quarter. 63.51% of the stock is owned by institutional investors.
Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at $186.66 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. NVIDIA Corporation has a 12-month low of $87.54 and a 12-month high of $218.67. The firm has a market capitalization of $113,120.00, a P/E ratio of 48.69, a price-to-earnings-growth ratio of 4.28 and a beta of 1.18.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.15 dividend. The ex-dividend date is Wednesday, November 22nd. 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. NVIDIA’s payout ratio is presently 15.00%.
In other news, CFO Colette Kress sold 22,808 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $185.31, for a total transaction of $4,226,550.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the transaction, the director now directly owns 1,029 shares in the company, valued at $220,308.90. The disclosure for this sale can be found here. Insiders sold 425,175 shares of company stock valued at $77,696,879 in the last quarter. Corporate insiders own 5.17% of the company’s stock.
A number of research analysts have weighed in on NVDA shares. Raymond James Financial lifted their target price on NVIDIA and gave the company an “outperform” rating in a report on Friday, November 10th. Bank of America set a $210.00 target price on NVIDIA and gave the company a “buy” rating in a report on Thursday, October 12th. Canaccord Genuity reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Friday, September 8th. Royal Bank Of Canada lifted their target price on NVIDIA from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Goldman Sachs Group lifted their target price on NVIDIA from $193.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $187.38.
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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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