Amica Retiree Medical Trust decreased its stake in Nvidia Corp. (NASDAQ:NVDA) by 63.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,693 shares of the computer hardware maker’s stock after selling 4,604 shares during the period. Amica Retiree Medical Trust’s holdings in Nvidia Corp. were worth $185,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Columbus Circle Investors raised its position in Nvidia Corp. by 22.2% in the second quarter. Columbus Circle Investors now owns 1,087,665 shares of the computer hardware maker’s stock worth $51,131,000 after buying an additional 197,299 shares in the last quarter. Trinity Street Asset Management LLP raised its stake in shares of Nvidia Corp. by 154.6% in the second quarter. Trinity Street Asset Management LLP now owns 563,363 shares of the computer hardware maker’s stock worth $26,483,000 after buying an additional 342,092 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Nvidia Corp. by 36.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 155,034 shares of the computer hardware maker’s stock worth $10,623,000 after buying an additional 41,450 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in shares of Nvidia Corp. by 4.0% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 136,605 shares of the computer hardware maker’s stock worth $9,360,000 after buying an additional 5,290 shares during the period. Finally, AGF Investments Inc. acquired a new stake in shares of Nvidia Corp. during the second quarter worth approximately $49,132,000. 86.85% of the stock is owned by institutional investors and hedge funds.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded up 0.20% during midday trading on Friday, reaching $94.16. The company’s stock had a trading volume of 4,889,078 shares. The stock has a 50-day moving average of $74.16 and a 200 day moving average of $59.16. The firm has a market capitalization of $50.66 billion, a P/E ratio of 48.11 and a beta of 1.17. Nvidia Corp. has a 12-month low of $24.75 and a 12-month high of $95.25.
Nvidia Corp. (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.37. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 53.6% on a year-over-year basis. Equities research analysts predict that Nvidia Corp. will post $2.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, November 28th will be issued a $0.14 dividend. This is a positive change from Nvidia Corp.’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, November 23rd. Nvidia Corp.’s payout ratio is currently 24.08%.
Several analysts have issued reports on the company. Vetr upgraded Nvidia Corp. from a “strong sell” rating to a “sell” rating and set a $50.75 target price on the stock in a research note on Thursday, July 28th. B. Riley restated a “buy” rating and issued a $64.50 target price on shares of Nvidia Corp. in a research note on Sunday, July 31st. Pacific Crest restated a “hold” rating on shares of Nvidia Corp. in a research note on Friday, August 5th. Jefferies Group lifted their price target on Nvidia Corp. from $56.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Finally, Roth Capital set a $68.00 price target on Nvidia Corp. and gave the company a “buy” rating in a research report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. Nvidia Corp. currently has a consensus rating of “Buy” and a consensus price target of $72.15.
In other news, CFO Colette Kress sold 38,039 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $62.18, for a total transaction of $2,365,265.02. Following the sale, the chief financial officer now directly owns 512,374 shares of the company’s stock, valued at $31,859,415.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director A Brooke Seawell sold 35,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $87.74, for a total transaction of $3,070,900.00. Following the sale, the director now directly owns 41,213 shares in the company, valued at $3,616,028.62. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by company insiders.
Nvidia Corp. Company Profile
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.