Edge Advisors LLC Buys 415 Shares of NVIDIA Corporation (NVDA)
Edge Advisors LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 98.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 835 shares of the computer hardware maker’s stock after acquiring an additional 415 shares during the quarter. Edge Advisors LLC’s holdings in NVIDIA Corporation were worth $149,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Welch Investments LLC purchased a new stake in shares of NVIDIA Corporation during the 3rd quarter worth approximately $104,000. Evercore Wealth Management LLC raised its holdings in shares of NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares in the last quarter. TB Alternative Assets Ltd. purchased a new stake in shares of NVIDIA Corporation during the 2nd quarter worth approximately $116,000. Thompson Davis & CO. Inc. raised its holdings in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares in the last quarter. Finally, Hanson McClain Inc. raised its holdings in shares of NVIDIA Corporation by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 65.28% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down $1.36 during mid-day trading on Wednesday, hitting $214.69. 2,982,773 shares of the stock traded hands, compared to its average volume of 17,594,402. The stock has a market capitalization of $128,448.00, a P/E ratio of 52.73, a P/E/G ratio of 4.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA Corporation has a 52 week low of $84.77 and a 52 week high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 earnings per share. equities research analysts predict that NVIDIA Corporation will post 4.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.28%. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s dividend payout ratio is presently 13.90%.
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In other NVIDIA Corporation news, CFO Colette Kress sold 22,808 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The sale was disclosed in a document filed 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 dated Monday, November 13th. The stock was sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the transaction, the director now owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 451,503 shares of company stock valued at $81,997,895. 5.17% of the stock is owned by company insiders.
NVDA has been the topic of several recent research reports. B. Riley restated a “buy” rating and set a $200.00 price target (up previously from $135.00) on shares of NVIDIA Corporation in a report on Monday, August 7th. Bank of America Corporation reiterated a “buy” rating on shares of NVIDIA Corporation in a research note on Monday, August 7th. BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $177.02 target price on the stock. in a research note on Wednesday, August 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $152.00 target price on shares of NVIDIA Corporation in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. NVIDIA Corporation presently has an average rating of “Buy” and a consensus price target of $186.85.
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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