Stifel Financial Corp Has $23.90 Million Position in NVIDIA Corporation (NVDA)
Stifel Financial Corp boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,628 shares of the computer hardware maker’s stock after buying an additional 10,565 shares during the period. Stifel Financial Corp’s holdings in NVIDIA were worth $23,903,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of NVIDIA 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 purchasing an additional 4,022,728 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NVIDIA 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 purchasing an additional 2,676,976 shares in the last quarter. Jackson Square Partners LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth $229,323,000. Renaissance Technologies LLC increased its holdings in shares of NVIDIA 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 purchasing an additional 768,200 shares in the last quarter. Finally, Quantitative Investment Management LLC increased its holdings in shares of NVIDIA by 3,194.2% in the 2nd quarter. Quantitative Investment Management LLC now owns 678,600 shares of the computer hardware maker’s stock worth $98,098,000 after purchasing an additional 658,000 shares in the last quarter. 63.51% of the stock is owned by institutional investors.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $187.74 on Wednesday. NVIDIA Corporation has a twelve month low of $87.54 and a twelve month high of $218.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The stock has a market capitalization of $119,794.08, a PE ratio of 48.69, a PEG ratio of 4.28 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was up 31.5% compared to the same quarter last year. research analysts anticipate that NVIDIA Corporation will post 4.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.32%. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA’s payout ratio is 14.89%.
In other news, Director A Brooke Seawell sold 1,029 shares of NVIDIA stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total value of $220,308.90. Following the sale, the director now directly owns 1,029 shares of the company’s stock, valued at $220,308.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. Insiders sold 315,175 shares of company stock worth $59,428,079 over the last ninety days. Insiders own 5.17% of the company’s stock.
A number of analysts have commented on NVDA shares. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Vetr lowered NVIDIA from a “buy” rating to a “hold” rating and set a $177.02 target price for the company. in a report on Wednesday, August 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $152.00 price objective on shares of NVIDIA in a report on Thursday, August 10th. BMO Capital Markets reaffirmed an “underperform” rating and issued a $85.00 price objective on shares of NVIDIA in a report on Thursday, August 10th. Finally, Citigroup reaffirmed a “buy” rating and issued a $180.00 price objective on shares of NVIDIA in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $187.38.
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NVIDIA 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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