1,119 Shares in NVIDIA Corporation (NVDA) Purchased by Wealthsource Partners LLC
Wealthsource Partners LLC bought a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,119 shares of the computer hardware maker’s stock, valued at approximately $200,000.
Several other hedge funds also recently bought and sold shares of NVDA. Welch Investments LLC bought a new position in shares of NVIDIA in the third quarter valued at approximately $104,000. Evercore Wealth Management LLC lifted its holdings in NVIDIA 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 acquiring an additional 206 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in NVIDIA 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 acquiring an additional 6 shares during the period. Hanson McClain Inc. lifted its holdings in NVIDIA 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 acquiring an additional 99 shares during the period. Finally, Edge Advisors LLC lifted its holdings in NVIDIA by 98.8% during the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after acquiring an additional 415 shares during the period. Institutional investors own 63.51% of the company’s stock.
In other news, Director Tench Coxe sold 50,000 shares of NVIDIA stock in a transaction on Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of NVIDIA stock in a transaction on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of the transaction, the director now owns 1,029 shares of the company’s stock, valued at $220,308.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 315,175 shares of company stock valued at $59,428,079. 5.82% of the stock is owned by company insiders.
NVIDIA Corporation (NASDAQ NVDA) opened at $186.47 on Friday. The firm has a market capitalization of $115,649.04, a price-to-earnings ratio of 47.01, a PEG ratio of 4.44 and a beta of 1.18. NVIDIA Corporation has a 52-week low of $95.17 and a 52-week 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.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share 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 analysts’ expectations of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. analysts anticipate that NVIDIA Corporation will post 4.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.15 dividend. The ex-dividend date is Wednesday, November 22nd. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.32%. NVIDIA’s payout ratio is 14.89%.
NVDA has been the topic of a number of recent analyst reports. Raymond James Financial lifted their price target on NVIDIA and gave the stock an “outperform” rating in a report on Friday, November 10th. Bank of America set a $210.00 price target on NVIDIA and gave the stock a “buy” rating in a report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Friday, September 8th. Royal Bank of Canada lifted their price target on NVIDIA from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, Goldman Sachs Group lifted their price target on NVIDIA from $193.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $187.38.
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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