Hanseatic Management Services Inc. Has $3.86 Million Stake in NVIDIA Corporation (NVDA)
Hanseatic Management Services Inc. grew its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,703 shares of the computer hardware maker’s stock after acquiring an additional 983 shares during the period. NVIDIA Corporation comprises about 2.0% of Hanseatic Management Services Inc.’s portfolio, making the stock its 3rd largest holding. Hanseatic Management Services Inc.’s holdings in NVIDIA Corporation were worth $3,860,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. grew its position in shares of NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Family Firm Inc. grew its position in shares of NVIDIA Corporation by 0.7% in the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after acquiring an additional 13 shares during the period. Appleton Partners Inc. MA grew its position in shares of NVIDIA Corporation by 1.2% in the 2nd quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after acquiring an additional 30 shares during the period. Pinebridge Investments L.P. grew its position in shares of NVIDIA Corporation by 1.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after acquiring an additional 33 shares during the period. Finally, Miles Capital Inc. grew its position in shares of NVIDIA Corporation by 1.1% in the 1st quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock valued at $427,000 after acquiring an additional 41 shares during the period. 65.79% of the stock is owned by institutional investors.
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Shares of NVIDIA Corporation (NASDAQ NVDA) traded down 0.3914% on Friday, hitting $180.0525. 7,225,292 shares of the stock were exchanged. The company has a 50 day moving average of $167.68 and a 200 day moving average of $138.76. NVIDIA Corporation has a 52-week low of $63.27 and a 52-week high of $191.20. The company has a market cap of $108.03 billion, a price-to-earnings ratio of 51.7839 and a beta of 1.25.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue was up 56.2% on a year-over-year basis. Equities research analysts forecast that NVIDIA Corporation will post $3.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is 15.86%.
A number of research analysts have recently commented on the stock. Vetr raised shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 price objective for the company in a research report on Wednesday, September 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA Corporation in a research report on Thursday, July 13th. BidaskClub downgraded shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Needham & Company LLC reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Friday, August 11th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating on shares of NVIDIA Corporation in a research report on Monday, July 3rd. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $150.03.
In other news, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the transaction, the director now owns 30,762 shares in the company, valued at $4,623,220.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the completion of the transaction, the director now owns 16,507 shares in the company, valued at approximately $2,809,326.33. The disclosure for this sale can be found here. Insiders sold 356,690 shares of company stock worth $58,137,873 in the last 90 days. Company insiders own 5.82% of the company’s stock.
NVIDIA Corporation 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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