Sentry Investment Management LLC Has $6.74 Million Position in NVIDIA Corporation (NVDA)
Sentry Investment Management LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 66.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,589 shares of the computer hardware maker’s stock after purchasing an additional 18,518 shares during the quarter. Sentry Investment Management LLC’s holdings in NVIDIA Corporation were worth $6,735,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Evercore Wealth Management LLC boosted its holdings in NVIDIA Corporation by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after purchasing an additional 206 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in NVIDIA Corporation during the second quarter worth about $116,000. Thompson Davis & CO. Inc. boosted its holdings in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after purchasing an additional 6 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after purchasing an additional 547 shares during the last quarter. Finally, Hanson McClain Inc. boosted its holdings in NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 65.79% of the company’s stock.
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Several research analysts recently weighed in on NVDA shares. Zacks Investment Research upgraded shares of 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. Canaccord Genuity restated a “buy” rating and set a $190.00 price target on shares of NVIDIA Corporation in a report on Friday, September 8th. Mizuho restated a “buy” rating and set a $170.00 price target (up from $145.00) on shares of NVIDIA Corporation in a report on Wednesday, June 28th. BidaskClub upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC cut shares of NVIDIA Corporation from a “buy” rating to an “underperform” rating and boosted their price target for the stock from $140.00 to $180.00 in a report on Monday, July 10th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $159.23.
In other news, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the sale, the director now directly owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The disclosure for this sale can be found here. Insiders have sold 452,784 shares of company stock valued at $81,437,724 over the last three months. Insiders own 5.82% of the company’s stock.
Shares of NVIDIA Corporation (NVDA) traded up 1.86% on Friday, reaching $194.59. 15,718,233 shares of the company’s stock traded hands. The stock has a 50-day moving average of $176.52 and a 200 day moving average of $148.62. The firm has a market cap of $116.75 billion, a P/E ratio of 55.96 and a beta of 1.28. NVIDIA Corporation has a 12-month low of $65.52 and a 12-month high of $195.00.
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, beating the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, equities research analysts expect that NVIDIA Corporation will post $3.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
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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