NVIDIA Corporation (NVDA) Shares Bought by Wealthfront Inc.
Wealthfront Inc. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,916 shares of the computer hardware maker’s stock after purchasing an additional 1,377 shares during the quarter. Wealthfront Inc.’s holdings in NVIDIA Corporation were worth $3,168,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp purchased a new stake in NVIDIA Corporation in the 1st quarter worth about $31,238,000. Sei Investments Co. increased its holdings in NVIDIA Corporation by 23.6% in the 1st quarter. Sei Investments Co. now owns 664,054 shares of the computer hardware maker’s stock worth $72,336,000 after acquiring an additional 126,804 shares during the last quarter. TD Asset Management Inc. increased its holdings in NVIDIA Corporation by 3.5% in the 1st quarter. TD Asset Management Inc. now owns 245,242 shares of the computer hardware maker’s stock worth $26,714,000 after acquiring an additional 8,368 shares during the last quarter. Tdam USA Inc. increased its holdings in NVIDIA Corporation by 3.8% in the 1st quarter. Tdam USA Inc. now owns 3,853 shares of the computer hardware maker’s stock worth $420,000 after acquiring an additional 140 shares during the last quarter. Finally, Mizuho Securities USA Inc. purchased a new stake in NVIDIA Corporation in the 1st quarter worth about $964,000. 65.79% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Corporation (NVDA) traded down 3.42% during trading on Thursday, hitting $179.49. The stock had a trading volume of 16,045,648 shares. NVIDIA Corporation has a 12 month low of $63.27 and a 12 month high of $191.20. The stock has a market cap of $107.69 billion, a price-to-earnings ratio of 51.62 and a beta of 1.25. The stock has a 50 day moving average price of $167.68 and a 200-day moving average price of $138.76. NVIDIA Corporation also was the recipient of unusually large options trading on Monday. Stock investors purchased 104,416 put options on the company. This is an increase of 247% compared to the typical volume of 30,111 put options.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $0.53 EPS. NVIDIA Corporation’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Corporation will post $3.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
WARNING: This story was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.dailypolitical.com/2017/09/21/nvidia-corporation-nvda-shares-bought-by-wealthfront-inc.html.
Several equities research analysts recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $200.00 price objective on shares of NVIDIA Corporation in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating and issued a $205.00 price objective (up previously from $175.00) on shares of NVIDIA Corporation in a report on Monday. Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $179.35 price objective for the company. in a report on Monday. Evercore ISI lifted their price objective on NVIDIA Corporation from $180.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Finally, Susquehanna Bancshares Inc lifted their price objective on NVIDIA Corporation from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, September 14th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $150.03.
In other NVIDIA Corporation news, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 30,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the transaction, the director now owns 16,507 shares in the company, valued at $2,809,326.33. The disclosure for this sale can be found here. Insiders have sold a total of 356,690 shares of company stock valued at $58,137,873 over the last three months. 5.82% of the stock is owned by corporate insiders.
About NVIDIA Corporation
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.
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA).
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.