Myriad Asset Management Ltd. Decreases Position in NVIDIA Corporation (NASDAQ:NVDA)

Myriad Asset Management Ltd. trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 32.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,000 shares of the computer hardware maker’s stock after selling 85,000 shares during the period. NVIDIA accounts for about 3.0% of Myriad Asset Management Ltd.’s investment portfolio, making the stock its 8th biggest holding. Myriad Asset Management Ltd.’s holdings in NVIDIA were worth $31,285,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NVDA. Cibc World Markets Corp raised its holdings in shares of NVIDIA by 12.1% during the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after buying an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in NVIDIA by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after purchasing an additional 1,000 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in NVIDIA by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after purchasing an additional 2,836 shares in the last quarter. Girard Partners LTD. raised its holdings in NVIDIA by 7.7% during the second quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock worth $448,000 after purchasing an additional 221 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in NVIDIA by 160.9% during the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after purchasing an additional 120,734 shares in the last quarter. Institutional investors and hedge funds own 63.41% of the company’s stock.

Several research analysts have issued reports on the stock. SunTrust Banks lifted their price target on shares of NVIDIA to $253.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of NVIDIA in a research report on Friday, November 10th. Bank of America lifted their price objective on shares of NVIDIA from $210.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Barclays lifted their price objective on shares of NVIDIA from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Finally, Raymond James Financial boosted their price target on shares of NVIDIA and gave the company an “outperform” rating in a report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. NVIDIA has an average rating of “Buy” and an average price target of $191.83.

In other news, Director Persis Drell sold 606 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the sale, the director now owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 22,808 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $185.31, for a total transaction of $4,226,550.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,702 shares of company stock worth $16,508,028. Company insiders own 5.82% of the company’s stock.

Shares of NVIDIA Corporation (NVDA) traded down $3.90 during midday trading on Friday, reaching $193.50. 6,975,705 shares of the company traded hands, compared to its average volume of 12,290,144. NVIDIA Corporation has a fifty-two week low of $95.17 and a fifty-two week high of $218.67. The firm has a market capitalization of $119,624.40, a price-to-earnings ratio of 48.02, a P/E/G ratio of 4.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. NVIDIA’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. equities research analysts anticipate that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a $0.15 dividend. The ex-dividend date was Wednesday, November 22nd. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.31%. NVIDIA’s dividend payout ratio (DPR) is 14.89%.

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About NVIDIA

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 (NASDAQ:NVDA)

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