Norinchukin Bank The boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,660 shares of the computer hardware maker’s stock after purchasing an additional 3,370 shares during the period. Norinchukin Bank The’s holdings in NVIDIA were worth $7,984,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in NVIDIA by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after purchasing an additional 2,676,976 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in NVIDIA by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after purchasing an additional 463,306 shares during the last quarter. Renaissance Technologies LLC grew its stake in NVIDIA by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after acquiring an additional 768,200 shares in the last quarter. Janus Henderson Group PLC grew its stake in NVIDIA by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after acquiring an additional 4,022,728 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in NVIDIA by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock worth $585,894,000 after acquiring an additional 46,686 shares in the last quarter. Institutional investors own 63.51% of the company’s stock.
In related news, Director Mark A. Stevens sold 80,250 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $187.23, for a total transaction of $15,025,207.50. Following the sale, the director now owns 37,382 shares in the company, valued at $6,999,031.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $185.65, for a total transaction of $18,565,000.00. Following the sale, the director now owns 30,762 shares in the company, valued at approximately $5,710,965.30. The disclosure for this sale can be found here. Insiders sold 315,175 shares of company stock worth $59,428,079 in the last quarter. Company insiders own 5.82% of the company’s stock.
A number of brokerages have commented on NVDA. ValuEngine downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $218.56 target price on the stock in a research note on Wednesday, November 29th. Mizuho restated a “buy” rating and issued a $225.00 target price on shares of NVIDIA in a research note on Tuesday, November 28th. Royal Bank Of Canada restated a “buy” rating on shares of NVIDIA in a research note on Friday, November 24th. Finally, Canaccord Genuity upped their price target on shares of NVIDIA from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Four equities research 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 given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $187.38.
Shares of NVIDIA Corporation (NVDA) opened at $191.99 on Friday. The firm has a market cap of $116,340.00, a price-to-earnings 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 released its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. research analysts forecast that NVIDIA Corporation will post 4.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio is presently 15.00%.
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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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