Douglas Lane & Associates LLC boosted its position in Nvidia Corp. (NASDAQ:NVDA) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,708 shares of the computer hardware maker’s stock after buying an additional 3,055 shares during the period. Douglas Lane & Associates LLC’s holdings in Nvidia Corp. were worth $18,602,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA increased its position in shares of Nvidia Corp. by 0.5% in the first quarter. Primecap Management Co. CA now owns 29,210,850 shares of the computer hardware maker’s stock worth $1,040,783,000 after buying an additional 143,175 shares in the last quarter. Norges Bank bought a new position in shares of Nvidia Corp. during the fourth quarter worth approximately $169,615,000. TIAA CREF Investment Management LLC increased its position in shares of Nvidia Corp. by 36.5% in the first quarter. TIAA CREF Investment Management LLC now owns 3,360,073 shares of the computer hardware maker’s stock worth $119,719,000 after buying an additional 898,073 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Nvidia Corp. by 47.4% in the first quarter. Renaissance Technologies LLC now owns 3,239,393 shares of the computer hardware maker’s stock worth $115,420,000 after buying an additional 1,041,400 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Nvidia Corp. by 5.1% in the first quarter. Legal & General Group Plc now owns 2,243,547 shares of the computer hardware maker’s stock worth $79,938,000 after buying an additional 107,884 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors.

Nvidia Corp. (NASDAQ:NVDA) traded down 0.91% during mid-day trading on Tuesday, reaching $63.09. 8,277,832 shares of the company traded hands. Nvidia Corp. has a 52 week low of $22.50 and a 52 week high of $65.26. The firm has a market capitalization of $33.75 billion, a price-to-earnings ratio of 41.45 and a beta of 1.26. The stock’s 50 day moving average price is $61.14 and its 200 day moving average price is $47.06.

Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.37 by $0.16. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The company earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The firm’s revenue was up 23.9% on a year-over-year basis. Equities analysts forecast that Nvidia Corp. will post $1.85 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, August 23rd. Nvidia Corp.’s dividend payout ratio (DPR) is presently 30.26%.

A number of equities analysts have recently issued reports on NVDA shares. Vetr upgraded shares of Nvidia Corp. from a “sell” rating to a “hold” rating and set a $46.19 price objective on the stock in a research note on Thursday, June 2nd. Jefferies Group increased their price objective on shares of Nvidia Corp. from $56.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, August 8th. RBC Capital Markets reiterated an “outperform” rating and set a $72.00 price objective on shares of Nvidia Corp. in a research note on Wednesday, August 31st. B. Riley reiterated a “buy” rating and set a $58.00 price objective on shares of Nvidia Corp. in a research note on Monday, July 11th. Finally, Goldman Sachs Group Inc. increased their price objective on shares of Nvidia Corp. to $70.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.20.

In other news, Director Mark L. Perry sold 35,000 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $52.93, for a total value of $1,852,550.00. Following the completion of the transaction, the director now owns 97,292 shares in the company, valued at approximately $5,149,665.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 30,000 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $62.52, for a total transaction of $1,875,600.00. Following the completion of the transaction, the director now owns 6,213 shares of the company’s stock, valued at approximately $388,436.76. The disclosure for this sale can be found here. Company 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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