Regentatlantic Capital LLC Reduces Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Regentatlantic Capital LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 17.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,644 shares of the computer hardware maker’s stock after selling 972 shares during the quarter. Regentatlantic Capital LLC’s holdings in NVIDIA Corporation were worth $830,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NVDA. Evercore Wealth Management LLC lifted its holdings in shares of NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 206 shares in the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation in the second quarter worth $116,000. Proficio Capital Partners LLC lifted its holdings in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after buying an additional 6 shares in the last quarter. Finally, Hanson McClain Inc. lifted its holdings in shares of NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after buying an additional 99 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of NVIDIA Corporation (NVDA) traded down $3.51 on Tuesday, hitting $212.63. The stock had a trading volume of 14,559,400 shares, compared to its average volume of 17,758,639. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The stock has a market cap of $128,110.00, a PE ratio of 53.24, a PEG ratio of 5.34 and a beta of 1.23. NVIDIA Corporation has a fifty-two week low of $83.62 and a fifty-two week high of $218.67.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. research analysts forecast that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.15 dividend. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.28%. NVIDIA Corporation’s dividend payout ratio is 14.00%.

Several equities research analysts recently weighed in on NVDA shares. Barclays PLC boosted their price target on shares of NVIDIA Corporation from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday. B. Riley restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA Corporation in a research report on Sunday, August 13th. Jefferies Group LLC boosted their price target on shares of NVIDIA Corporation from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of NVIDIA Corporation in a research report on Friday. Finally, Nomura upgraded shares of NVIDIA Corporation from a “reduce” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $190.00 in a report on Friday. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $185.93.

In related news, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the transaction, the director now directly owns 16,507 shares in the company, valued at approximately $2,809,326.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 22,808 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The disclosure for this sale can be found here. Insiders sold 436,503 shares of company stock worth $78,796,295 in the last three months. 5.17% of the stock is owned by corporate insiders.

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About NVIDIA Corporation

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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