FIL Ltd decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,443 shares of the computer hardware maker’s stock after selling 63,891 shares during the quarter. FIL Ltd’s holdings in NVIDIA Corporation were worth $34,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after acquiring an additional 2,676,976 shares during the last quarter. Edgewood Management LLC boosted its position in shares of NVIDIA Corporation by 21.9% during the 1st quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock valued at $652,270,000 after acquiring an additional 1,074,303 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of NVIDIA Corporation by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after acquiring an additional 463,306 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of NVIDIA Corporation by 20.0% during the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after acquiring an additional 895,591 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of NVIDIA Corporation by 499.0% during the 1st quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after acquiring an additional 3,419,701 shares during the last quarter. 65.79% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 179.00 on Friday. The company’s 50 day moving average price is $167.68 and its 200 day moving average price is $138.76. NVIDIA Corporation has a one year low of $63.27 and a one year high of $191.20. The firm has a market capitalization of $107.40 billion, a P/E ratio of 51.48 and a beta of 1.25.

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 the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during 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%. The firm’s revenue was up 56.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. On average, analysts expect that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.31%. NVIDIA Corporation’s payout ratio is currently 15.86%.

In related news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the transaction, the director now directly owns 30,762 shares in the company, valued at approximately $4,623,220.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 536,940 shares of company stock valued at $91,728,080. 5.82% of the stock is owned by company insiders.

Several research analysts have recently weighed in on NVDA shares. Citigroup Inc. reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Tuesday, May 30th. Vetr cut shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $150.25 price target on the stock. in a research report on Tuesday, May 30th. Royal Bank Of Canada reissued an “outperform” rating on shares of NVIDIA Corporation in a research report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $140.00 target price on shares of NVIDIA Corporation in a research report on Friday, June 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, June 3rd. 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 issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $150.03.

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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Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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