Nvidia Corp. (NVDA) Shares Bought by National Pension Service
National Pension Service boosted its position in shares of Nvidia Corp. (NASDAQ:NVDA) by 8.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 429,424 shares of the computer hardware maker’s stock after buying an additional 33,815 shares during the period. National Pension Service’s holdings in Nvidia Corp. were worth $29,424,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Highland Capital Management LLC purchased a new position in Nvidia Corp. during the third quarter worth approximately $2,928,000. Gulf International Bank UK Ltd boosted its position in Nvidia Corp. by 1.0% in the third quarter. Gulf International Bank UK Ltd now owns 165,825 shares of the computer hardware maker’s stock worth $11,362,000 after buying an additional 1,700 shares in the last quarter. Hollencrest Securities LLC boosted its position in Nvidia Corp. by 23.0% in the third quarter. Hollencrest Securities LLC now owns 6,412 shares of the computer hardware maker’s stock worth $440,000 after buying an additional 1,201 shares in the last quarter. Prospera Financial Services Inc purchased a new position in Nvidia Corp. during the third quarter worth approximately $312,000. Finally, Morgens Waterfall Vintiadis & Co. Inc. boosted its position in Nvidia Corp. by 59.3% in the third quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 43,000 shares of the computer hardware maker’s stock worth $2,946,000 after buying an additional 16,000 shares in the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded down 0.1170% during trading on Tuesday, reaching $93.9999. 2,189,960 shares of the company traded hands. The firm has a 50 day moving average of $75.70 and a 200 day moving average of $60.35. The stock has a market capitalization of $50.67 billion, a PE ratio of 48.0327 and a beta of 1.17. Nvidia Corp. has a 52 week low of $24.75 and a 52 week high of $95.25.
Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.57 by $0.37. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The company earned $2 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was up 53.6% on a year-over-year basis. On average, equities analysts predict that Nvidia Corp. will post $2.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Wednesday, November 23rd. This is an increase from Nvidia Corp.’s previous quarterly dividend of $0.12. Nvidia Corp.’s payout ratio is currently 29.32%.
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A number of research analysts have recently issued reports on NVDA shares. B. Riley reaffirmed a “buy” rating and set a $64.50 price objective on shares of Nvidia Corp. in a research note on Friday, August 5th. Pacific Crest reaffirmed a “hold” rating on shares of Nvidia Corp. in a research note on Friday, August 5th. Jefferies Group raised their price objective on Nvidia Corp. from $56.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Roth Capital set a $68.00 price objective on Nvidia Corp. and gave the company a “buy” rating in a research note on Tuesday, August 9th. Finally, Barclays PLC raised their price objective on Nvidia Corp. from $30.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $72.50.
In other news, insider Michael Byron sold 409 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $63.35, for a total transaction of $25,910.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Persis Drell sold 2,361 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $66.58, for a total transaction of $157,195.38. Following the sale, the director now owns 27,152 shares of the company’s stock, valued at approximately $1,807,780.16. The disclosure for this sale can be found here. Insiders own 5.82% of the company’s stock.
About Nvidia Corp.
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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