NVIDIA Corporation (NVDA) is Crescent Park Management L.P.’s 10th Largest Position
Crescent Park Management L.P. held its position in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to the company in its most recent filing with the SEC. The firm owned 97,000 shares of the computer hardware maker’s stock at the close of the second quarter. NVIDIA Corporation makes up approximately 2.6% of Crescent Park Management L.P.’s investment portfolio, making the stock its 10th biggest position. Crescent Park Management L.P.’s holdings in NVIDIA Corporation were worth $14,022,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Meiji Yasuda Life Insurance Co boosted its holdings in shares of NVIDIA Corporation by 9.9% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after buying an additional 1,000 shares in the last quarter. RB Capital Management LLC bought a new position in shares of NVIDIA Corporation during the 2nd quarter worth approximately $272,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of NVIDIA Corporation by 17.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after buying an additional 2,836 shares in the last quarter. D. Scott Neal Inc. bought a new position in shares of NVIDIA Corporation during the 2nd quarter worth approximately $258,000. Finally, Girard Partners LTD. boosted its holdings in shares of NVIDIA Corporation by 7.7% during the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock worth $448,000 after buying an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 65.79% of the company’s stock.
NVIDIA Corporation (NVDA) traded down 0.48% during trading on Friday, hitting $179.89. The stock had a trading volume of 6,991,024 shares. The stock has a market cap of $107.93 billion, a price-to-earnings ratio of 51.74 and a beta of 1.25. NVIDIA Corporation has a 12 month low of $63.27 and a 12 month high of $191.20. The stock has a 50 day moving average price of $167.68 and a 200-day moving average price of $138.76.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. NVIDIA Corporation’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. On average, equities analysts predict that NVIDIA Corporation will post $3.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.31%. NVIDIA Corporation’s payout ratio is currently 15.86%.
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A number of equities analysts have issued reports on NVDA shares. Mizuho restated a “buy” rating and set a $180.00 price target (up from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $140.00 price target on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Bank of America Corporation restated a “buy” rating and set a $185.00 price target on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Vetr cut NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price target on the stock. in a report on Thursday, August 31st. Finally, Zacks Investment Research upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target on the stock in a report on Tuesday, July 11th. Six investment 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 company. The stock presently has a consensus rating of “Hold” and a consensus price target of $150.03.
In other NVIDIA Corporation news, insider Michael Byron sold 409 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the transaction, the insider now directly owns 136,199 shares in the company, valued at approximately $23,291,390.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 356,690 shares of company stock worth $58,137,873 over the last 90 days. 5.82% of the stock is currently owned by company insiders.
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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