Centre Asset Management LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,010 shares of the computer hardware maker’s stock after selling 1,450 shares during the quarter. NVIDIA Corporation makes up approximately 4.1% of Centre Asset Management LLC’s holdings, making the stock its 4th largest holding. Centre Asset Management LLC’s holdings in NVIDIA Corporation were worth $15,734,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after buying an additional 2,676,976 shares in the last quarter. Edgewood Management LLC lifted its holdings in NVIDIA Corporation by 21.9% during the 1st quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after buying an additional 1,074,303 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in NVIDIA Corporation by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after buying an additional 463,306 shares in the last quarter. Janus Capital Management LLC lifted its holdings in NVIDIA Corporation by 20.0% during the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in NVIDIA Corporation by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after buying an additional 768,200 shares in the last quarter. 65.79% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on NVDA shares. B. Riley reissued a “buy” rating and issued a $200.00 price target on shares of NVIDIA Corporation in a research note on Sunday, August 13th. Stifel Nicolaus reissued a “hold” rating and issued a $110.00 price target on shares of NVIDIA Corporation in a research note on Friday, August 11th. Instinet reissued a “reduce” rating and issued a $110.00 price target (up previously from $90.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Vetr downgraded NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 price target on the stock. in a research note on Tuesday, August 15th. Finally, MKM Partners reissued a “neutral” rating and issued a $120.00 price target (up previously from $106.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $160.31.
In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $170.19, for a total value of $5,105,700.00. Following the sale, the director now directly owns 16,507 shares in the company, valued at approximately $2,809,326.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 22,808 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $185.31, for a total transaction of $4,226,550.48. The disclosure for this sale can be found here. Insiders have sold a total of 452,784 shares of company stock worth $81,437,724 over the last 90 days. 5.17% of the stock is currently owned by corporate insiders.
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Shares of NVIDIA Corporation (NVDA) traded down 1.22% on Wednesday, hitting $195.33. 7,726,412 shares of the stock traded hands. NVIDIA Corporation has a 52 week low of $65.52 and a 52 week high of $198.14. The stock has a market cap of $117.20 billion, a price-to-earnings ratio of 56.18 and a beta of 1.28. The stock has a 50 day moving average price of $176.52 and a 200-day moving average price of $148.92.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. NVIDIA Corporation’s revenue was up 56.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. On average, equities research analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is currently 15.86%.
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.
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