Advisory Research Inc. Has $1,803,000 Position in NVIDIA Corporation (NVDA)
Advisory Research Inc. held its position in NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,548 shares of the computer hardware maker’s stock at the end of the 2nd quarter. Advisory Research Inc.’s holdings in NVIDIA Corporation were worth $1,803,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of NVIDIA Corporation during the second quarter worth $2,511,000. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of NVIDIA Corporation by 0.7% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 200,969 shares of the computer hardware maker’s stock valued at $29,050,000 after purchasing an additional 1,323 shares during the period. ETF Managers Group LLC purchased a new stake in shares of NVIDIA Corporation in the second quarter valued at about $678,000. Janus Henderson Group PLC grew its holdings in shares of NVIDIA Corporation by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after purchasing an additional 4,022,728 shares during the period. Finally, Williams Jones & Associates LLC grew its holdings in shares of NVIDIA Corporation by 21.0% in the second quarter. Williams Jones & Associates LLC now owns 20,925 shares of the computer hardware maker’s stock valued at $3,025,000 after purchasing an additional 3,625 shares during the period. 65.79% of the stock is owned by institutional investors and hedge funds.
NVDA has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $171.00 target price (up previously from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $175.00 price target on shares of NVIDIA Corporation in a research report on Friday, June 16th. BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of NVIDIA Corporation in a report on Tuesday, June 20th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $185.00 target price on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $156.80.
In other news, insider Jen Hsun Huang sold 110,000 shares of the business’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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Byron sold 409 shares of the business’s stock in a transaction on Friday, September 1st. The shares were 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 sold a total of 452,784 shares of company stock valued at $81,437,724 over the last quarter. 5.82% of the stock is owned by company insiders.
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Shares of NVIDIA Corporation (NASDAQ NVDA) traded down 0.16% during trading on Thursday, reaching $190.63. The company’s stock had a trading volume of 3,390,631 shares. NVIDIA Corporation has a 12 month low of $63.70 and a 12 month high of $192.95. The stock’s 50 day moving average price is $174.59 and its 200-day moving average price is $147.40. The firm has a market cap of $114.38 billion, a PE ratio of 54.83 and a beta of 1.28.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ 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 firm earned $0.53 EPS. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. Equities analysts predict that NVIDIA Corporation will post $3.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. NVIDIA Corporation’s dividend payout ratio is 15.86%.
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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