RB Capital Management LLC Takes Position in NVIDIA Corporation (NASDAQ:NVDA)

RB Capital Management LLC purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,885 shares of the computer hardware maker’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Arete Wealth Advisors LLC boosted its position in shares of NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock valued at $314,000 after buying an additional 10 shares in the last quarter. Miles Capital Inc. boosted its position in shares of NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock valued at $427,000 after buying an additional 41 shares in the last quarter. Savant Capital LLC boosted its position in shares of NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock valued at $247,000 after buying an additional 60 shares in the last quarter. Whittier Trust Co. boosted its position in shares of NVIDIA Corporation by 2.1% in the first quarter. Whittier Trust Co. now owns 3,135 shares of the computer hardware maker’s stock valued at $341,000 after buying an additional 63 shares in the last quarter. Finally, Rational Advisors LLC boosted its position in shares of NVIDIA Corporation by 2.0% in the first quarter. Rational Advisors LLC now owns 4,045 shares of the computer hardware maker’s stock valued at $441,000 after buying an additional 80 shares in the last quarter. 68.55% of the stock is owned by institutional investors.

Shares of NVIDIA Corporation (NVDA) traded up 0.02% during midday trading on Friday, hitting $161.50. The company had a trading volume of 15,030,107 shares. The stock has a market capitalization of $96.42 billion, a price-to-earnings ratio of 46.45 and a beta of 1.24. The stock’s 50-day moving average price is $161.14 and its 200-day moving average price is $128.99. NVIDIA Corporation has a one year low of $57.31 and a one year high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. NVIDIA Corporation’s revenue was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Analysts predict that NVIDIA Corporation will post $3.60 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.35%. NVIDIA Corporation’s dividend payout ratio is 15.86%.

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Several equities research analysts have recently commented on NVDA shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $130.00 target price on shares of NVIDIA Corporation in a report on Tuesday, May 2nd. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.19 target price for the company in a report on Thursday, May 4th. Instinet reaffirmed a “reduce” rating and set a $90.00 target price on shares of NVIDIA Corporation in a report on Friday, May 5th. B. Riley reissued a “buy” rating and issued a $135.00 price objective on shares of NVIDIA Corporation in a research note on Monday, May 8th. Finally, Pacific Crest reissued an “underweight” rating and issued a $90.00 price objective on shares of NVIDIA Corporation in a research note on Monday, May 8th. Six equities research 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. The stock presently has a consensus rating of “Hold” and an average price target of $145.00.

In related news, EVP Debora Shoquist sold 63,717 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $144.81, for a total value of $9,226,858.77. Following the completion of the transaction, the executive vice president now directly owns 330,040 shares in the company, valued at $47,793,092.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 81,931 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $139.90, for a total transaction of $11,462,146.90. Following the completion of the transaction, the executive vice president now owns 564,696 shares of the company’s stock, valued at $79,000,970.40. The disclosure for this sale can be found here. Insiders sold a total of 560,556 shares of company stock valued at $85,649,706 over the last quarter. 5.82% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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