Nvidia Corp. (NVDA) Shares Bought by HL Financial Services LLC
HL Financial Services LLC raised its position in shares of Nvidia Corp. (NASDAQ:NVDA) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 122,314 shares of the computer hardware maker’s stock after buying an additional 6,746 shares during the period. HL Financial Services LLC’s holdings in Nvidia Corp. were worth $5,750,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of NVDA. Royal London Asset Management Ltd. boosted its stake in Nvidia Corp. by 1.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 188,839 shares of the computer hardware maker’s stock worth $6,306,000 after buying an additional 2,904 shares in the last quarter. Stifel Financial Corp boosted its stake in Nvidia Corp. by 47.4% in the fourth quarter. Stifel Financial Corp now owns 132,132 shares of the computer hardware maker’s stock worth $10,048,000 after buying an additional 42,476 shares in the last quarter. Norges Bank acquired a new stake in Nvidia Corp. during the fourth quarter worth $169,615,000. DnB Asset Management AS boosted its stake in Nvidia Corp. by 124.2% in the first quarter. DnB Asset Management AS now owns 43,328 shares of the computer hardware maker’s stock worth $1,544,000 after buying an additional 24,000 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in Nvidia Corp. by 153.0% in the first quarter. Sigma Planning Corp now owns 23,285 shares of the computer hardware maker’s stock worth $830,000 after buying an additional 14,081 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded down 0.91% on Tuesday, hitting $63.09. The company had a trading volume of 8,277,832 shares. Nvidia Corp. has a 12 month low of $22.50 and a 12 month high of $65.26. The stock has a market cap of $33.75 billion, a PE ratio of 41.45 and a beta of 1.26. The company has a 50-day moving average of $61.08 and a 200 day moving average of $46.94.
Nvidia Corp. (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.16. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. Nvidia Corp.’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Analysts anticipate that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.46 annualized dividend and a yield of 0.73%. Nvidia Corp.’s dividend payout ratio (DPR) is 30.26%.
A number of analysts have weighed in on NVDA shares. Vetr cut Nvidia Corp. from a “sell” rating to a “strong sell” rating and set a $39.13 price target on the stock. in a research note on Monday, May 23rd. Goldman Sachs Group Inc. started coverage on Nvidia Corp. in a report on Thursday, June 2nd. They set a “buy” rating and a $54.00 price objective on the stock. Jefferies Group raised Nvidia Corp. to a “buy” rating and raised their price objective for the stock from $3.50 to $56.00 in a report on Monday, June 13th. Nomura raised Nvidia Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $55.00 in a report on Monday, June 13th. Finally, MKM Partners reaffirmed a “buy” rating and set a $52.00 price objective (up previously from $43.00) on shares of Nvidia Corp. in a report on Monday, June 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $57.20.
In other Nvidia Corp. news, CFO Colette Kress sold 38,039 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $62.18, for a total value of $2,365,265.02. Following the completion of the transaction, the chief financial officer now owns 512,374 shares in the company, valued at approximately $31,859,415.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jen Hsun Huang sold 43,727 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $62.81, for a total transaction of $2,746,492.87. Following the completion of the transaction, the insider now owns 1,827,279 shares of the company’s stock, valued at approximately $114,771,393.99. The disclosure for this sale can be found here. Corporate insiders own 5.82% of the company’s stock.
Nvidia Corp. Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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