Emerald Advisers Inc. PA purchased a new position in Nvidia Corp. (NASDAQ:NVDA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,502 shares of the computer hardware maker’s stock, valued at approximately $400,000.
Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Trinity Street Asset Management LLP boosted its stake in 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 in the last quarter. Natixis boosted its stake in Nvidia Corp. by 91.1% in the first quarter. Natixis now owns 1,754,727 shares of the computer hardware maker’s stock worth $62,521,000 after buying an additional 836,276 shares in the last quarter. Legal & General Group Plc boosted its stake in Nvidia Corp. by 5.1% in the first quarter. Legal & General Group Plc now owns 2,243,547 shares of the computer hardware maker’s stock worth $79,938,000 after buying an additional 107,884 shares in the last quarter. Clark Capital Management Group Inc. purchased a new stake in Nvidia Corp. during the first quarter worth about $7,723,000. Finally, Nordea Investment Management AB boosted its stake in Nvidia Corp. by 114.1% in the second quarter. Nordea Investment Management AB now owns 33,823 shares of the computer hardware maker’s stock worth $1,590,000 after buying an additional 18,023 shares in the last quarter. Institutional investors own 86.37% of the company’s stock.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded up 0.523% during trading on Wednesday, hitting $66.476. The stock had a trading volume of 5,418,389 shares. Nvidia Corp. has a 1-year low of $24.75 and a 1-year high of $69.70. The company has a market cap of $35.56 billion, a PE ratio of 43.677 and a beta of 1.25. The firm’s 50 day moving average is $64.02 and its 200 day moving average is $50.61.
Nvidia Corp. (NASDAQ:NVDA) last released its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.16. The company earned $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. Nvidia Corp.’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Equities research analysts anticipate that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, August 23rd. Nvidia Corp.’s dividend payout ratio is presently 30.26%.
A number of analysts have weighed in on the company. RBC Capital Markets upgraded Nvidia Corp. from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $47.00 to $72.00 in a research report on Friday, August 12th. KeyCorp reiterated a “hold” rating on shares of Nvidia Corp. in a research report on Wednesday, July 6th. B. Riley reiterated a “buy” rating and issued a $64.50 price target on shares of Nvidia Corp. in a research report on Wednesday, August 10th. Vetr cut Nvidia Corp. from a “sell” rating to a “strong sell” rating and set a $49.47 price target on the stock. in a research report on Monday, July 25th. Finally, Argus upped their price target on Nvidia Corp. from $54.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, August 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have given a buy rating to the company. Nvidia Corp. has an average rating of “Buy” and a consensus target price of $58.59.
In other news, Director A Brooke Seawell sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $62.52, for a total value of $1,875,600.00. Following the completion of the transaction, the director now directly owns 6,213 shares of the company’s stock, valued at $388,436.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 85,551 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $68.75, for a total value of $5,881,631.25. The disclosure for this sale can be found here. 5.82% of the stock is owned by 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.