GSA Capital Partners LLP purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,870 shares of the computer hardware maker’s stock, valued at approximately $1,407,000.
Several other institutional investors also recently modified their holdings of the stock. Thompson Davis & CO. Inc. grew its stake in shares of NVIDIA by 0.7% during the 2nd 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. Family Firm Inc. boosted its position in NVIDIA by 0.7% in the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after buying an additional 13 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its position in NVIDIA by 0.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after buying an additional 30 shares during the last quarter. Pinebridge Investments L.P. boosted its position in NVIDIA by 1.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after buying an additional 33 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in NVIDIA by 1.7% in the 2nd quarter. Arete Wealth Advisors LLC now owns 2,934 shares of the computer hardware maker’s stock valued at $424,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 63.41% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up $0.40 during midday trading on Thursday, reaching $224.08. 10,150,767 shares of the company were exchanged, compared to its average volume of 14,370,000. The firm has a market capitalization of $135,790.00, a PE ratio of 56.02, a P/E/G ratio of 5.02 and a beta of 1.18. 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 Corporation has a 52-week low of $95.17 and a 52-week high of $226.27.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion during 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 business’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. analysts forecast that NVIDIA Corporation will post 4.19 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Wednesday, November 22nd. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio is 15.00%.
In other news, CFO Colette Kress sold 171 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Persis Drell sold 606 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total transaction of $119,424.42. Following the sale, the director now directly owns 26,104 shares in the company, valued at $5,144,315.28. The disclosure for this sale can be found here. Insiders sold 19,858 shares of company stock valued at $4,227,384 in the last quarter. Corporate insiders own 5.17% of the company’s stock.
A number of brokerages have recently issued reports on NVDA. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Thursday. B. Riley restated a “buy” rating and issued a $270.00 price target on shares of NVIDIA in a research note on Monday. Goldman Sachs Group restated a “buy” rating and issued a $228.00 price target on shares of NVIDIA in a research note on Friday, January 5th. Vetr cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price objective for the company. in a report on Wednesday, January 3rd. Finally, ValuEngine cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $192.04.
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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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