Ruggie Capital Group Purchases Shares of 2,448 NVIDIA Corporation (NVDA)

Ruggie Capital Group purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,448 shares of the computer hardware maker’s stock, valued at approximately $438,000.

Several other large investors have also recently added to or reduced their stakes in NVDA. Thompson Davis & CO. Inc. boosted its holdings in NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the last quarter. Family Firm Inc. boosted its holdings in NVIDIA Corporation by 0.7% in the second quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after acquiring an additional 13 shares during the last quarter. Appleton Partners Inc. MA boosted its holdings in NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after acquiring an additional 30 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its holdings in NVIDIA Corporation by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after acquiring an additional 30 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in NVIDIA Corporation by 1.8% in the second quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 65.28% of the company’s stock.

NVIDIA Corporation (NVDA) traded up $2.70 during midday trading on Monday, hitting $214.06. The company had a trading volume of 4,868,723 shares, compared to its average volume of 17,663,021. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a one year low of $84.77 and a one year high of $218.67. The company has a market capitalization of $127,020.00, a price-to-earnings ratio of 52.06, a PEG ratio of 4.57 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company posted $0.94 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. research analysts predict that NVIDIA Corporation will post 4.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. NVIDIA Corporation’s payout ratio is currently 14.00%.

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Several equities analysts have issued reports on NVDA shares. Canaccord Genuity reissued a “buy” rating and issued a $180.00 price target (up from $155.00) on shares of NVIDIA Corporation in a research note on Monday, July 24th. BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. B. Riley reissued a “buy” rating and issued a $200.00 price target (up from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. Bank of America Corporation reissued a “buy” rating on shares of NVIDIA Corporation in a research note on Monday, August 7th. Finally, Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $177.02 price target on the stock. in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. NVIDIA Corporation presently has a consensus rating of “Buy” and a consensus price target of $186.85.

In other NVIDIA Corporation news, CFO Colette Kress sold 22,808 shares of NVIDIA Corporation stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 15,000 shares of NVIDIA Corporation stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the transaction, the director now owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. Insiders have sold 451,503 shares of company stock valued at $81,997,895 in the last quarter. 5.17% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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