ING Groep NV boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 45.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,711 shares of the computer hardware maker’s stock after buying an additional 5,829 shares during the period. ING Groep NV’s holdings in NVIDIA Corporation were worth $2,705,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Wellington Management Group LLP raised its stake in NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after buying an additional 3,419,701 shares during the last quarter. Vanguard Group Inc. raised its stake in NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock valued at $4,093,612,000 after buying an additional 2,597,209 shares during the last quarter. Ameriprise Financial Inc. raised its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares during the last quarter. Winslow Capital Management LLC acquired a new stake in NVIDIA Corporation during the first quarter valued at $126,231,000. Finally, WINTON GROUP Ltd raised its stake in NVIDIA Corporation by 290.5% in the first quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock valued at $106,396,000 after buying an additional 1,155,115 shares during the last quarter. 68.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 161.50 on Friday. NVIDIA Corporation has a 12 month low of $57.31 and a 12 month high of $174.56. The company has a market capitalization of $96.42 billion, a P/E ratio of 46.45 and a beta of 1.24. The company’s 50 day moving average price is $161.56 and its 200 day moving average price is $129.36.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. Analysts expect that NVIDIA Corporation will post $3.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.35%. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.
Several equities analysts have recently commented on the stock. Vetr upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.19 price target for the company in a research report on Thursday, May 4th. Stifel Nicolaus upped their price objective on shares of NVIDIA Corporation from $90.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $140.00 price objective on shares of NVIDIA Corporation in a report on Friday, May 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA Corporation in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of NVIDIA Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $145.00.
In other NVIDIA Corporation news, Director Harvey C. Jones sold 145,520 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the transaction, the director now owns 30,762 shares in the company, valued at approximately $4,900,694.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 560,556 shares of company stock worth $85,649,706 in the last quarter. Company insiders own 5.82% of the company’s stock.
NVIDIA Corporation Company Profile
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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