Commerce Bank Increases Stake in NVIDIA Corporation (NVDA)

Commerce Bank grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,103 shares of the computer hardware maker’s stock after purchasing an additional 1,036 shares during the quarter. Commerce Bank’s holdings in NVIDIA were worth $1,627,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NVDA. Janus Henderson Group PLC increased its position in shares of NVIDIA by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after acquiring an additional 4,022,728 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NVIDIA by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after acquiring an additional 2,676,976 shares during the last quarter. Jackson Square Partners LLC acquired a new stake in shares of NVIDIA during the second quarter valued at about $229,323,000. Renaissance Technologies LLC increased its position in shares of NVIDIA by 19.3% during the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after acquiring an additional 768,200 shares during the last quarter. Finally, Quantitative Investment Management LLC increased its position in shares of NVIDIA by 3,194.2% during the second quarter. Quantitative Investment Management LLC now owns 678,600 shares of the computer hardware maker’s stock valued at $98,098,000 after acquiring an additional 658,000 shares during the last quarter. 63.51% of the stock is currently owned by hedge funds and other institutional investors.

In other NVIDIA news, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the transaction, the director now directly owns 28,816 shares in the company, valued at approximately $6,177,862.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the transaction, the director now owns 1,029 shares in the company, valued at $220,308.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 425,175 shares of company stock worth $77,696,879. 5.17% of the stock is owned by insiders.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down $11.02 during midday trading on Monday, reaching $186.66. 30,986,661 shares of the company were exchanged, compared to its average volume of 17,606,652. The firm has a market cap of $113,120.00, a PE ratio of 48.69, a price-to-earnings-growth ratio of 4.28 and a beta of 1.18. NVIDIA Corporation has a 12-month low of $87.54 and a 12-month high of $218.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.32%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA’s dividend payout ratio is 15.00%.

A number of brokerages recently weighed in on NVDA. B. Riley restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Sunday, August 13th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 price target on shares of NVIDIA in a report on Friday, August 11th. Instinet reiterated a “reduce” rating and set a $110.00 price target (up previously from $90.00) on shares of NVIDIA in a report on Monday, August 14th. Vetr cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating and set a $173.32 price target for the company. in a report on Tuesday, August 15th. Finally, MKM Partners reiterated a “neutral” rating and set a $120.00 price target (up previously from $106.00) on shares of NVIDIA in a report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $187.38.

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NVIDIA 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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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