Evercore Wealth Management LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 196.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,265 shares of the computer hardware maker’s stock after acquiring an additional 1,500 shares during the period. Evercore Wealth Management LLC’s holdings in NVIDIA were worth $405,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Cibc World Markets Corp lifted its stake in NVIDIA by 12.1% during the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after purchasing an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its stake in NVIDIA by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after purchasing an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in NVIDIA by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after purchasing an additional 2,836 shares during the last quarter. Girard Partners LTD. lifted its stake in NVIDIA by 7.7% during the second quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock valued at $448,000 after purchasing an additional 221 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in NVIDIA by 160.9% during the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after purchasing an additional 120,734 shares during the last quarter. Institutional investors and hedge funds own 63.51% of the company’s stock.
In other NVIDIA news, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the completion of the sale, the director now 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 can be accessed through this link. Also, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the transaction, the director now owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 425,175 shares of company stock valued at $77,696,879. Insiders own 5.17% of the company’s stock.
NVDA has been the subject of several recent research reports. Mizuho reissued a “buy” rating and set a $180.00 target price (up from $170.00) on shares of NVIDIA in a research note on Friday, August 11th. Susquehanna Bancshares reissued a “neutral” rating and set a $140.00 target price on shares of NVIDIA in a research note on Wednesday, August 16th. Oppenheimer reissued a “hold” rating on shares of NVIDIA in a research note on Sunday, November 5th. Vetr lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $172.54 target price for the company. in a research note on Thursday, August 31st. Finally, Canaccord Genuity reissued a “buy” rating and set a $190.00 target price (up from $180.00) on shares of NVIDIA in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $187.38.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $186.66 on Tuesday. 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 current ratio of 8.26 and a quick ratio of 7.42. The stock has a market cap of $113,120.00, a P/E ratio of 48.69, a price-to-earnings-growth ratio of 4.28 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue was up 31.5% compared to the same quarter last year. equities analysts expect that NVIDIA Corporation will post 4.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.15 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.32%. NVIDIA’s dividend payout ratio is presently 15.00%.
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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.
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