Harbor Advisors LLC acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,000 shares of the computer hardware maker’s stock, valued at approximately $436,000.
Several other large investors have also modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the last quarter. Winslow Capital Management LLC acquired a new stake in shares of NVIDIA Corporation during the first quarter worth about $126,231,000. Finally, WINTON GROUP Ltd increased its stake in shares of NVIDIA Corporation by 290.5% in the first quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock worth $106,396,000 after buying an additional 1,155,115 shares during the last quarter. 70.08% of the stock is owned by hedge funds and other institutional investors.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 155.89 on Wednesday. The firm has a market cap of $92.75 billion, a price-to-earnings ratio of 52.33 and a beta of 1.23. The company’s 50-day moving average is $145.38 and its 200 day moving average is $115.28. NVIDIA Corporation has a 52-week low of $49.22 and a 52-week high of $168.50.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business’s revenue was up 48.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. On average, analysts expect that NVIDIA Corporation will post $3.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.36%. NVIDIA Corporation’s dividend payout ratio is presently 18.60%.
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A number of equities research analysts have recently issued reports on NVDA shares. Vetr raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price objective for the company in a research report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $130.00 price objective on shares of NVIDIA Corporation in a research report on Friday, April 14th. Canaccord Genuity reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, June 3rd. Wells Fargo & Company reissued an “underperform” rating and set a $75.00 price objective (up previously from $68.00) on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $130.00 price objective on shares of NVIDIA Corporation in a research report on Friday, March 17th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $129.58.
In other news, Director Persis Drell sold 2,500 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the transaction, the director now owns 24,652 shares in the company, valued at approximately $3,205,253.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $129.48, for a total transaction of $6,474,000.00. The disclosure for this sale can be found here. Insiders sold a total of 622,282 shares of company stock valued at $93,304,082 in the last quarter. Insiders own 5.17% of the company’s stock.
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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