KAMES CAPITAL plc Lowers Stake in NVIDIA Corporation (NVDA)

KAMES CAPITAL plc cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 24.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,004 shares of the computer hardware maker’s stock after selling 28,983 shares during the period. KAMES CAPITAL plc’s holdings in NVIDIA were worth $17,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cibc World Markets Corp boosted its stake in NVIDIA by 12.1% in the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after buying an additional 13,802 shares in the last quarter. SG Americas Securities LLC boosted its stake in NVIDIA by 160.9% in the 3rd quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after buying an additional 120,734 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in NVIDIA by 1.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock valued at $148,307,000 after buying an additional 9,565 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in NVIDIA by 3.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock valued at $345,473,000 after buying an additional 71,458 shares in the last quarter. Finally, Spectrum Management Group Inc. acquired a new stake in NVIDIA in the 3rd quarter valued at $383,000. Institutional investors and hedge funds own 63.41% of the company’s stock.

NVIDIA Corporation (NASDAQ:NVDA) opened at $222.98 on Friday. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $134,990.00, a PE ratio of 55.75, a P/E/G ratio of 5.22 and a beta of 1.18. NVIDIA Corporation has a fifty-two week low of $95.17 and a fifty-two week high of $226.27.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. NVIDIA’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. analysts anticipate that NVIDIA Corporation will post 4.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 22nd. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. NVIDIA’s dividend payout ratio (DPR) is presently 15.00%.

NVDA has been the topic of several recent analyst reports. Mizuho reaffirmed a “buy” rating and issued a $225.00 price target on shares of NVIDIA in a research note on Tuesday, November 28th. Vetr raised NVIDIA from a “hold” rating to a “buy” rating and set a $196.86 price target on the stock in a research note on Tuesday, October 10th. Goldman Sachs Group boosted their price target on NVIDIA from $193.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. B. Riley boosted their price target on NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $192.04.

In related news, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the transaction, the director now directly owns 1,029 shares in the company, valued at $220,308.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Persis Drell sold 606 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the transaction, the director now owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,858 shares of company stock valued at $4,227,384. 5.82% of the stock is owned by corporate insiders.

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About NVIDIA

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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