Neuberger Berman Group LLC increased its position in Nvidia Corp. (NASDAQ:NVDA) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,285,242 shares of the computer hardware maker’s stock after buying an additional 26,721 shares during the period. Neuberger Berman Group LLC owned about 0.24% of Nvidia Corp. worth $88,065,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Columbus Circle Investors raised its position in shares of 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 valued at $51,131,000 after buying an additional 197,299 shares during the period. Trinity Street Asset Management LLP raised its position 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 valued at $26,483,000 after buying an additional 342,092 shares during the period. Oregon Public Employees Retirement Fund raised its position 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 valued at $10,623,000 after buying an additional 41,450 shares during the period. Exxonmobil Investment Management Inc. TX raised its position 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 valued at $9,360,000 after buying an additional 5,290 shares during the period. Finally, AGF Investments Inc. acquired a new position in shares of Nvidia Corp. during the second quarter valued at about $49,132,000. 84.86% of the stock is currently owned by institutional investors.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded down 0.15% on Monday, reaching $94.02. The company’s stock had a trading volume of 4,299,753 shares. The firm has a 50-day moving average price of $74.93 and a 200 day moving average price of $59.58. Nvidia Corp. has a one year low of $24.75 and a one year high of $95.25. The firm has a market capitalization of $50.58 billion, a PE ratio of 48.04 and a beta of 1.17.
Nvidia Corp. (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.37. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 53.6% compared to the same quarter last year. On average, analysts anticipate that Nvidia Corp. will post $2.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be paid a dividend of $0.14 per share. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.59%. Nvidia Corp.’s dividend payout ratio is currently 29.32%.
Several equities analysts have issued reports on the company. Citigroup Inc. set a $100.00 price target on Nvidia Corp. and gave the company a “buy” rating in a research note on Thursday. MKM Partners upped their target price on Nvidia Corp. from $87.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, November 22nd. B. Riley reaffirmed a “buy” rating and set a $100.00 target price on shares of Nvidia Corp. in a research report on Thursday, November 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $76.00 target price (up from $64.00) on shares of Nvidia Corp. in a research report on Sunday, November 13th. Finally, Wells Fargo & Co. reaffirmed an “underperform” rating and set a $59.00 target price (up from $33.00) on shares of Nvidia Corp. in a research report on Sunday, November 13th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $72.15.
In other news, insider Jen Hsun Huang sold 41,666 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $66.42, for a total transaction of $2,767,455.72. Following the transaction, the insider now owns 1,751,872 shares of the company’s stock, valued at $116,359,338.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $87.74, for a total value of $3,070,900.00. Following the transaction, the director now directly owns 41,213 shares in the company, valued at approximately $3,616,028.62. The disclosure for this sale can be found here. Insiders own 5.82% of the company’s stock.
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.