NVIDIA Corporation (NVDA) Shares Sold by D.A. Davidson & CO.
D.A. Davidson & CO. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 36.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,861 shares of the computer hardware maker’s stock after selling 3,940 shares during the quarter. D.A. Davidson & CO.’s holdings in NVIDIA Corporation were worth $991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meiji Yasuda Life Insurance Co increased its position in shares of NVIDIA Corporation by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after buying an additional 1,000 shares during the period. RB Capital Management LLC purchased a new position in shares of NVIDIA Corporation during the second quarter valued at about $272,000. Oppenheimer Asset Management Inc. increased its position in shares of NVIDIA Corporation by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after buying an additional 2,836 shares during the period. D. Scott Neal Inc. purchased a new position in shares of NVIDIA Corporation during the second quarter valued at about $258,000. Finally, Girard Partners LTD. increased its position in shares of NVIDIA Corporation by 7.7% during the second quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock valued at $448,000 after buying an additional 221 shares during the period. Institutional investors own 65.79% of the company’s stock.
Several brokerages recently issued reports on NVDA. Vetr upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 price target on the stock in a research report on Wednesday, September 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA Corporation in a research report on Thursday, July 13th. BidaskClub cut shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Needham & Company LLC reiterated a “buy” rating on shares of NVIDIA Corporation in a research report on Friday, August 11th. Finally, Susquehanna Bancshares Inc reiterated 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, eleven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $147.22.
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NVIDIA Corporation (NASDAQ:NVDA) opened at 171.00 on Tuesday. The stock has a market capitalization of $102.60 billion, a PE ratio of 49.18 and a beta of 1.25. The company’s 50-day moving average is $167.68 and its 200 day moving average is $138.76. NVIDIA Corporation has a 1-year low of $63.53 and a 1-year high of $191.20.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Equities analysts predict that NVIDIA Corporation will post $3.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is presently 15.86%.
In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Byron sold 409 shares of the company’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 owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders have sold 536,940 shares of company stock valued at $91,728,080 over the last 90 days. 5.17% of the stock is currently owned by company 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.
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