Jacobi Capital Management LLC acquired a new position in NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,684 shares of the computer hardware maker’s stock, valued at approximately $259,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FCG Advisors LLC bought a new stake in shares of NVIDIA Corporation in the 2nd quarter valued at about $204,000. Sand Hill Global Advisors LLC bought a new position in NVIDIA Corporation during the 2nd quarter valued at approximately $723,000. HPM Partners LLC bought a new position in NVIDIA Corporation during the 2nd quarter valued at approximately $396,000. Eaton Vance Management raised its position in NVIDIA Corporation by 1.0% during the 2nd quarter. Eaton Vance Management now owns 714,346 shares of the computer hardware maker’s stock valued at $103,266,000 after purchasing an additional 6,877 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its position in NVIDIA Corporation by 2.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 20,009 shares of the computer hardware maker’s stock valued at $2,891,000 after purchasing an additional 516 shares during the last quarter. 65.85% of the stock is owned by institutional investors.
In related news, insider Michael Byron sold 409 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the sale, the insider now owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 145,520 shares of NVIDIA Corporation stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the transaction, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 502,210 shares of company stock worth $79,743,664. 5.82% of the stock is owned by insiders.
Shares of NVIDIA Corporation (NVDA) traded up 5.9992% during trading on Friday, reaching $179.5627. 26,777,512 shares of the company were exchanged. The stock has a market capitalization of $107.74 billion, a P/E ratio of 51.6430 and a beta of 1.25. The firm has a 50-day moving average price of $165.78 and a 200-day moving average price of $136.43. NVIDIA Corporation has a 1-year low of $62.12 and a 1-year high of $179.79.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Equities research analysts predict that NVIDIA Corporation will post $3.61 earnings per share for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
NVDA has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $171.00 price target (up previously from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price for the company. in a research report on Thursday, August 31st. Zacks Investment Research raised NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price for the company in a research report on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday, August 31st. Finally, BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $149.13.
NVIDIA Corporation 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.
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with our FREE daily email newsletter.