Cornerstone Capital Management Holdings LLC. cut its position in NVIDIA Corporation (NASDAQ:NVDA) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,918 shares of the computer hardware maker’s stock after selling 13,051 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in NVIDIA were worth $33,592,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its holdings in NVIDIA by 112.0% during the 2nd quarter. Bessemer Group Inc. now owns 6,910 shares of the computer hardware maker’s stock valued at $1,000,000 after purchasing an additional 3,650 shares during the last quarter. Global X Management Co. LLC lifted its holdings in NVIDIA by 20.6% during the 2nd quarter. Global X Management Co. LLC now owns 7,740 shares of the computer hardware maker’s stock valued at $1,119,000 after purchasing an additional 1,320 shares during the last quarter. Trexquant Investment LP acquired a new stake in NVIDIA during the 2nd quarter valued at $492,000. Canada Pension Plan Investment Board lifted its holdings in NVIDIA by 160.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 502,470 shares of the computer hardware maker’s stock valued at $72,637,000 after purchasing an additional 309,634 shares during the last quarter. Finally, Summit Securities Group LLC lifted its holdings in NVIDIA by 17.0% during the 2nd quarter. Summit Securities Group LLC now owns 11,700 shares of the computer hardware maker’s stock valued at $1,691,000 after purchasing an additional 1,700 shares during the last quarter. 63.51% of the stock is owned by institutional investors and hedge funds.

NVIDIA Corporation (NASDAQ NVDA) opened at $191.49 on Friday. NVIDIA Corporation has a 12 month low of $87.54 and a 12 month 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. The stock has a market capitalization of $114,691.55, a P/E ratio of 46.62, a price-to-earnings-growth ratio of 4.41 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.36 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The company’s revenue was up 31.5% compared to the same quarter last year. equities research analysts anticipate that NVIDIA Corporation will post 4.19 EPS for the current 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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. NVIDIA’s dividend payout ratio is presently 14.89%.

In other news, insider Michael Byron sold 9,538 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $179.80, for a total transaction of $1,714,932.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $185.65, for a total value of $18,565,000.00. Following the transaction, the director now directly owns 30,762 shares in the company, valued at $5,710,965.30. The disclosure for this sale can be found here. Insiders have sold 315,175 shares of company stock worth $59,428,079 over the last ninety days. 5.82% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on NVDA shares. Vetr downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $172.54 target price for the company. in a report on Thursday, August 31st. Mizuho reissued a “buy” rating and set a $225.00 target price on shares of NVIDIA in a report on Tuesday, November 28th. Credit Suisse Group reissued an “outperform” rating on shares of NVIDIA in a report on Thursday, August 31st. Goldman Sachs Group lifted their target price on NVIDIA from $193.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, B. Riley lifted their target price on NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. NVIDIA presently has an average rating of “Buy” and an average target price 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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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