Columbus Circle Investors acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,557 shares of the computer hardware maker’s stock, valued at approximately $1,172,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Welch Investments LLC purchased a new position in shares of NVIDIA during the third quarter valued at about $104,000. Evercore Wealth Management LLC increased its position in shares of NVIDIA by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the period. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA during the second quarter valued at about $116,000. Thompson Davis & CO. Inc. increased its position in shares of NVIDIA by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares during the period. Finally, Hanson McClain Inc. increased its position in shares of NVIDIA by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 63.51% of the company’s stock.
NVIDIA Corporation (NASDAQ NVDA) traded up $2.73 during mid-day trading on Thursday, reaching $191.99. 13,407,934 shares of the company traded hands, compared to its average volume of 17,593,158. The stock has a market cap of $116,340.00, a P/E ratio of 46.24, a PEG ratio of 4.00 and a beta of 1.18. NVIDIA Corporation has a 52 week low of $87.54 and a 52 week high of $218.67. 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 (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. analysts predict that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.
The firm 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 dividend of $0.15 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.31%. NVIDIA’s dividend payout ratio (DPR) is 15.00%.
In other NVIDIA news, Director A Brooke Seawell sold 1,029 shares of the firm’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 transaction, the director now owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 315,175 shares of company stock worth $59,428,079 in the last three months. Insiders own 5.82% of the company’s stock.
Several equities research analysts recently commented on the stock. SunTrust Banks boosted their price objective on shares of NVIDIA to $253.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of NVIDIA in a research note on Friday, November 10th. Bank of America upped their target price on shares of NVIDIA from $210.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Barclays upped their target price on shares of NVIDIA from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, Raymond James Financial upped their target price on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Friday, November 10th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $187.38.
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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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