CENTRAL TRUST Co decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,795 shares of the computer hardware maker’s stock after selling 261 shares during the period. CENTRAL TRUST Co’s holdings in NVIDIA Corporation were worth $982,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its position in 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 valued at $447,156,000 after buying an additional 3,419,701 shares in the last quarter. Vanguard Group Inc. raised its position in 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 valued at $4,093,612,000 after buying an additional 2,597,209 shares in the last quarter. Ameriprise Financial Inc. raised its position in 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 valued at $572,695,000 after buying an additional 1,672,231 shares in the last quarter. Winslow Capital Management LLC acquired a new position in NVIDIA Corporation during the first quarter valued at about $126,231,000. Finally, WINTON GROUP Ltd raised its position in 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 valued at $106,396,000 after buying an additional 1,155,115 shares in the last quarter. 68.55% of the stock is owned by hedge funds and other institutional investors.
Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 165.15 on Thursday. The stock has a market capitalization of $98.59 billion, a price-to-earnings ratio of 47.50 and a beta of 1.24. The firm has a 50-day moving average of $160.86 and a 200 day moving average of $128.76. NVIDIA Corporation has a one year low of $57.31 and a one year high of $174.56.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the Zacks’ 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 company’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. On average, equities research analysts predict that NVIDIA Corporation will post $3.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.34%. NVIDIA Corporation’s dividend payout ratio is presently 15.86%.
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NVDA has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed an “underperform” rating and issued a $85.00 target price on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Mizuho reaffirmed a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $140.00 target price on shares of NVIDIA Corporation in a report on Wednesday. Bank of America Corporation reaffirmed a “buy” rating and issued a $185.00 target price on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Finally, Roth Capital reaffirmed a “neutral” rating on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. NVIDIA Corporation presently has a consensus rating of “Hold” and a consensus price target of $145.00.
In other news, Director Tench Coxe sold 50,000 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $164.53, for a total transaction of $8,226,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Byron sold 25,507 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $137.09, for a total transaction of $3,496,754.63. Following the transaction, the insider now owns 162,706 shares in the company, valued at $22,305,365.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 586,063 shares of company stock worth $89,146,461. 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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