Amica Pension Fund Board of Trustees reduced its stake in Nvidia Corp. (NASDAQ:NVDA) by 63.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,439 shares of the computer hardware maker’s stock after selling 30,087 shares during the period. Amica Pension Fund Board of Trustees’ holdings in Nvidia Corp. were worth $1,195,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC increased its stake in shares of Nvidia Corp. by 568.9% in the second quarter. Jennison Associates LLC now owns 9,402,566 shares of the computer hardware maker’s stock valued at $442,015,000 after buying an additional 7,996,913 shares in the last quarter. Capital World Investors acquired a new stake in shares of Nvidia Corp. during the second quarter valued at approximately $172,995,000. Old Mutual Global Investors UK Ltd. increased its stake in shares of Nvidia Corp. by 679.2% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,882,204 shares of the computer hardware maker’s stock valued at $128,968,000 after buying an additional 1,640,655 shares in the last quarter. Egerton Capital UK LLP increased its stake in shares of Nvidia Corp. by 51.6% in the second quarter. Egerton Capital UK LLP now owns 4,751,116 shares of the computer hardware maker’s stock valued at $223,350,000 after buying an additional 1,616,816 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Nvidia Corp. by 93.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,256,177 shares of the computer hardware maker’s stock valued at $153,075,000 after buying an additional 1,570,339 shares in the last quarter. 86.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded up 0.20% during midday trading on Friday, hitting $94.16. 4,889,078 shares of the stock were exchanged. The company has a market cap of $50.66 billion, a PE ratio of 48.11 and a beta of 1.17. The stock has a 50 day moving average price of $74.16 and a 200-day moving average price of $59.16. Nvidia Corp. has a 12 month low of $24.75 and a 12 month high of $95.25.
Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.37. The business earned $2 billion during the quarter, compared to analyst estimates of $1.69 billion. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The company’s revenue was up 53.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. On average, analysts predict that Nvidia Corp. will post $2.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, November 23rd. This is a positive change from Nvidia Corp.’s previous quarterly dividend of $0.12. Nvidia Corp.’s payout ratio is currently 24.08%.
Several brokerages have commented on NVDA. B. Riley reiterated a “buy” rating and set a $85.00 target price on shares of Nvidia Corp. in a research note on Monday, November 7th. Brean Capital restated a “hold” rating on shares of Nvidia Corp. in a research note on Monday, August 15th. Finally, Global Equities Research restated an “overweight” rating and issued a $85.00 price target on shares of Nvidia Corp. in a research note on Friday, November 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.15.
In related news, insider Michael Byron sold 409 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $63.35, for a total transaction of $25,910.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 85,551 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $68.75, for a total transaction of $5,881,631.25. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by insiders.
About Nvidia Corp.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.