Hanseatic Management Services Inc. trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA) by 59.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,699 shares of the computer hardware maker’s stock after selling 16,004 shares during the period. NVIDIA Corporation makes up 2.2% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 3rd largest holding. Hanseatic Management Services Inc.’s holdings in NVIDIA Corporation were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of NVDA. Vanguard Group Inc. lifted its stake in shares of NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after acquiring an additional 2,676,976 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of NVIDIA Corporation by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after acquiring an additional 463,306 shares during the period. Renaissance Technologies LLC lifted its stake in shares of NVIDIA Corporation by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after acquiring an additional 768,200 shares during the period. Janus Henderson Group PLC lifted its stake in shares of NVIDIA Corporation by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after acquiring an additional 4,022,728 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of NVIDIA Corporation by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock worth $585,894,000 after acquiring an additional 46,686 shares during the period. Hedge funds and other institutional investors own 65.40% of the company’s stock.

NVDA has been the subject of several recent analyst reports. Mizuho restated a “buy” rating and issued a $170.00 target price on shares of NVIDIA Corporation in a research note on Friday, July 21st. Summit Redstone restated a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, July 22nd. Canaccord Genuity reiterated a “buy” rating and issued a $180.00 price objective (up previously from $155.00) on shares of NVIDIA Corporation in a research note on Monday, July 24th. BidaskClub upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, B. Riley reiterated a “buy” rating and issued a $200.00 price objective (up previously from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $186.20.

In related news, insider Michael Byron sold 409 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the transaction, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dawn E. Hudson sold 15,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $213.44, for a total value of $3,201,600.00. Following the completion of the transaction, the director now owns 46,868 shares in the company, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. Insiders sold 451,503 shares of company stock worth $81,997,895 in the last 90 days. 5.82% of the stock is currently owned by corporate insiders.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up $2.47 on Friday, hitting $214.08. The stock had a trading volume of 5,195,107 shares, compared to its average volume of 17,684,484. The firm has a market cap of $126,970.00, a P/E ratio of 51.72, a price-to-earnings-growth ratio of 4.54 and a beta of 1.23. NVIDIA Corporation has a one year low of $84.77 and a one year high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.

NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. equities analysts predict that NVIDIA Corporation will post 4.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s dividend payout ratio is currently 14.00%.

TRADEMARK VIOLATION WARNING: “NVIDIA Corporation (NVDA) is Hanseatic Management Services Inc.’s 3rd Largest Position” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/11/17/nvidia-corporation-nvda-is-hanseatic-management-services-inc-s-3rd-largest-position.html.

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.

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

Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.