Todd Asset Management LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,816 shares of the computer hardware maker’s stock after selling 379 shares during the period. Todd Asset Management LLC’s holdings in NVIDIA were worth $18,496,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Kwmg LLC acquired a new position in NVIDIA during the second quarter worth approximately $105,000. Signature Estate & Investment Advisors LLC acquired a new position in NVIDIA during the third quarter worth approximately $124,000. Almanack Investment Partners LLC. acquired a new position in NVIDIA during the second quarter worth approximately $127,000. Ropes Wealth Advisors LLC increased its position in NVIDIA by 561.8% during the second quarter. Ropes Wealth Advisors LLC now owns 589 shares of the computer hardware maker’s stock worth $140,000 after purchasing an additional 500 shares during the last quarter. Finally, Columbia Asset Management acquired a new position in NVIDIA during the third quarter worth approximately $146,000. 66.12% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. Daiwa Capital Markets reaffirmed a “buy” rating on shares of NVIDIA in a research report on Monday. BidaskClub lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $250.00 price target (up previously from $243.00) on shares of NVIDIA in a research report on Friday, August 17th. ValuEngine lowered shares of NVIDIA from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Finally, Raymond James dropped their price target on shares of NVIDIA from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $261.28.
Shares of NVDA stock opened at $144.70 on Tuesday. The firm has a market capitalization of $100.30 billion, a PE ratio of 30.99, a PEG ratio of 2.16 and a beta of 2.01. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a twelve month low of $144.63 and a twelve month high of $292.76.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.06). The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. On average, research analysts predict that NVIDIA Co. will post 7.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This is an increase from NVIDIA’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 0.44%. NVIDIA’s dividend payout ratio is 12.85%.
In other news, CFO Colette Kress sold 11,576 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $266.31, for a total value of $3,082,804.56. Following the completion of the transaction, the chief financial officer now directly owns 297,482 shares in the company, valued at $79,222,431.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Byron sold 11,257 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $263.94, for a total transaction of $2,971,172.58. Following the completion of the transaction, the insider now owns 81,414 shares of the company’s stock, valued at $21,488,411.16. The disclosure for this sale can be found here. Insiders sold 113,707 shares of company stock valued at $32,347,973 over the last 90 days. Insiders own 4.70% of the company’s stock.
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NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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