Fiduciary Trust Co. boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 39.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,549 shares of the computer hardware maker’s stock after buying an additional 1,559 shares during the period. Fiduciary Trust Co.’s holdings in NVIDIA Corporation were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation in the 2nd quarter valued at $116,000. Proficio Capital Partners LLC boosted its holdings in NVIDIA Corporation by 186.1% in the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after purchasing an additional 547 shares during the period. Hanson McClain Inc. boosted its holdings in NVIDIA Corporation by 12.7% in the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after purchasing an additional 99 shares during the period. Founders Capital Management boosted its holdings in NVIDIA Corporation by 25.0% in the 2nd quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock valued at $145,000 after purchasing an additional 200 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its holdings in NVIDIA Corporation by 380.0% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the computer hardware maker’s stock valued at $173,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 65.85% of the company’s stock.
A number of analysts have recently issued reports on NVDA shares. B. Riley reaffirmed a “buy” rating and set a $200.00 price objective (up from $135.00) on shares of NVIDIA Corporation in a report on Monday, August 7th. Bank of America Corporation reaffirmed a “buy” rating on shares of NVIDIA Corporation in a report on Monday, August 7th. BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Vetr downgraded shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $177.02 price objective for the company. in a report on Wednesday, August 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $152.00 price objective on shares of NVIDIA Corporation in a report on Thursday, August 10th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $149.13.
In related news, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the completion of the sale, the director now directly owns 16,507 shares of the company’s stock, valued at $2,809,326.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Byron sold 409 shares of the stock in a transaction 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 sale, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 502,210 shares of company stock valued at $79,743,664. Corporate insiders own 5.82% of the company’s stock.
NVIDIA Corporation (NVDA) traded up 5.785% during trading on Friday, reaching $179.199. 21,418,351 shares of the company’s stock traded hands. The company has a 50-day moving average price of $165.78 and a 200 day moving average price of $136.43. NVIDIA Corporation has a one year low of $62.12 and a one year high of $179.64. The firm has a market capitalization of $107.52 billion, a PE ratio of 51.538 and a beta of 1.25.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Corporation will post $3.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is presently 15.86%.
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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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