UMB Bank N A MO Has $2.45 Million Position in NVIDIA Corporation (NASDAQ:NVDA)
UMB Bank N A MO lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 19.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,930 shares of the computer hardware maker’s stock after selling 4,072 shares during the period. UMB Bank N A MO’s holdings in NVIDIA Corporation were worth $2,448,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares during the period. Vanguard Group Inc. boosted its stake in NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock valued at $4,093,612,000 after buying an additional 2,597,209 shares during the period. Ameriprise Financial Inc. boosted its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares during the period. Winslow Capital Management LLC acquired a new stake in NVIDIA Corporation during the first quarter valued at about $126,231,000. Finally, WINTON GROUP Ltd boosted its stake in NVIDIA Corporation by 290.5% in the first quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock valued at $106,396,000 after buying an additional 1,155,115 shares during the period. Hedge funds and other institutional investors own 68.91% of the company’s stock.
NVIDIA Corporation (NVDA) opened at 155.96 on Friday. The stock’s 50 day moving average is $159.49 and its 200 day moving average is $127.38. NVIDIA Corporation has a 12-month low of $57.32 and a 12-month high of $174.56. The stock has a market capitalization of $93.11 billion, a PE ratio of 44.85 and a beta of 1.24. NVIDIA Corporation also was the target of unusually large options trading activity on Thursday. Stock investors bought 84,606 put options on the company. This represents an increase of 147% compared to the average volume of 34,198 put options.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data 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. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.99%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post $3.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 15.86%.
NVDA has been the topic of several analyst reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $171.00 price objective (up previously from $165.00) on shares of NVIDIA Corporation in a report on Wednesday, June 14th. CLSA restated an “underperform” rating and set a $115.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Pacific Crest restated an “underweight” rating and set a $90.00 price objective on shares of NVIDIA Corporation in a report on Monday, May 8th. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $174.02 price objective on the stock. in a report on Tuesday, July 11th. Finally, Wells Fargo & Company reaffirmed an “underperform” rating and issued a $75.00 target price (up from $68.00) on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $144.43.
In related news, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $164.53, for a total value of $8,226,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Byron sold 25,507 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $137.09, for a total transaction of $3,496,754.63. Following the completion of the transaction, the insider now directly owns 162,706 shares of the company’s stock, valued at approximately $22,305,365.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 572,282 shares of company stock valued at $86,830,082. 5.82% of the stock is owned by insiders.
NVIDIA Corporation Company Profile
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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