Cubist Systematic Strategies LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 316.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,406 shares of the computer hardware maker’s stock after purchasing an additional 55,036 shares during the quarter. NVIDIA accounts for approximately 0.7% of Cubist Systematic Strategies LLC’s investment portfolio, making the stock its 3rd biggest holding. Cubist Systematic Strategies LLC’s holdings in NVIDIA were worth $12,944,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Kalos Management Inc. purchased a new stake in NVIDIA in the third quarter valued at $212,000. Patten Group Inc. raised its position in shares of NVIDIA by 117.0% in the third quarter. Patten Group Inc. now owns 20,504 shares of the computer hardware maker’s stock worth $1,640,000 after acquiring an additional 11,053 shares during the period. Laurel Wealth Advisors Inc. raised its position in shares of NVIDIA by 78.9% in the third quarter. Laurel Wealth Advisors Inc. now owns 3,729 shares of the computer hardware maker’s stock worth $665,000 after acquiring an additional 1,645 shares during the period. Zions Bancorporation raised its position in shares of NVIDIA by 1,490.1% in the third quarter. Zions Bancorporation now owns 2,401 shares of the computer hardware maker’s stock worth $429,000 after acquiring an additional 2,250 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new position in shares of NVIDIA in the third quarter worth about $93,171,000. 63.51% of the stock is currently owned by institutional investors.
In other NVIDIA news, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $185.65, for a total value of $18,565,000.00. Following the completion of the sale, the director now owns 30,762 shares in the company, valued at approximately $5,710,965.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 3,052 shares of the 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 completion of the sale, the director now owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,175 shares of company stock valued at $59,428,079. 5.82% of the stock is owned by insiders.
Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at $191.49 on Monday. The company has a market cap of $116,040.00, a PE ratio of 47.17, a price-to-earnings-growth ratio of 4.46 and a beta of 1.18. 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 1-year low of $87.54 and a 1-year high of $218.67.
NVIDIA (NASDAQ:NVDA) last released 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 company had revenue of $2.64 billion during 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%. NVIDIA’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. equities research analysts expect that NVIDIA Corporation will post 4.19 earnings per share for the current year.
The firm also recently disclosed 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 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 0.31%. NVIDIA’s dividend payout ratio is presently 15.00%.
NVDA has been the subject of a number of analyst reports. Vetr downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $172.54 price objective for the company. in a research report on Thursday, August 31st. Mizuho reiterated a “buy” rating and issued a $225.00 price objective on shares of NVIDIA in a research report on Tuesday, November 28th. Credit Suisse Group reiterated an “outperform” rating on shares of NVIDIA in a research report on Thursday, August 31st. Goldman Sachs Group upped their price objective on shares of NVIDIA from $193.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, B. Riley upped their price objective on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Four 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 issued a strong buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and a consensus price target 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.
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