Penserra Capital Management LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 47.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,664 shares of the computer hardware maker’s stock after purchasing an additional 5,650 shares during the period. Penserra Capital Management LLC’s holdings in NVIDIA Corporation were worth $3,157,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Evercore Wealth Management LLC lifted its stake in NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in NVIDIA Corporation in the second quarter worth $116,000. Thompson Davis & CO. Inc. raised its position in 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 acquiring an additional 6 shares in the last quarter. Proficio Capital Partners LLC raised its position in 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 acquiring an additional 547 shares in the last quarter. Finally, Hanson McClain Inc. raised its position in 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 acquiring an additional 99 shares in the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.
NVIDIA Corporation (NASDAQ NVDA) opened at $214.18 on Wednesday. The stock has a market cap of $128,110.00, a price-to-earnings ratio of 53.24, a P/E/G ratio of 5.34 and a beta of 1.23. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a fifty-two week low of $83.93 and a fifty-two week high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The firm’s revenue was up 31.5% compared to the same quarter last year. equities analysts expect that NVIDIA Corporation will post 3.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio is presently 14.00%.
In other news, Director Dawn E. Hudson sold 15,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the sale, the director now owns 46,868 shares in the company, valued at approximately $10,003,505.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the sale, the insider now owns 136,199 shares in the company, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. Insiders sold a total of 451,503 shares of company stock valued at $81,997,895 over the last ninety days. 5.17% of the stock is currently owned by insiders.
NVDA has been the topic of several research reports. Mizuho reissued a “buy” rating and issued a $180.00 target price (up previously from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $140.00 price objective on shares of NVIDIA Corporation in a research note on Wednesday, August 16th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of NVIDIA Corporation in a research note on Sunday, November 5th. Vetr downgraded NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price objective on the stock. in a report on Thursday, August 31st. Finally, Canaccord Genuity restated a “buy” rating and issued a $190.00 price objective (up from $180.00) on shares of NVIDIA Corporation in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $185.93.
NVIDIA Corporation 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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