Tranquility Partners LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 857 shares of the computer hardware maker’s stock, valued at approximately $464,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in NVIDIA by 1.0% during the second quarter. Vanguard Group Inc. now owns 49,018,971 shares of the computer hardware maker’s stock worth $18,622,797,000 after buying an additional 479,795 shares in the last quarter. BlackRock Inc. raised its holdings in shares of NVIDIA by 2.0% in the 2nd quarter. BlackRock Inc. now owns 43,602,920 shares of the computer hardware maker’s stock valued at $16,565,183,000 after acquiring an additional 849,675 shares in the last quarter. Jennison Associates LLC increased its position in shares of NVIDIA by 6.6% during the 3rd quarter. Jennison Associates LLC now owns 8,302,556 shares of the computer hardware maker’s stock valued at $4,493,509,000 after purchasing an additional 516,044 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of NVIDIA by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,571,883 shares of the computer hardware maker’s stock valued at $2,496,723,000 after purchasing an additional 364,122 shares during the last quarter. Finally, GQG Partners LLC increased its position in shares of NVIDIA by 24.7% during the 2nd quarter. GQG Partners LLC now owns 4,699,573 shares of the computer hardware maker’s stock valued at $1,785,779,000 after purchasing an additional 929,423 shares during the last quarter. 68.11% of the stock is owned by institutional investors.
NASDAQ:NVDA traded down $14.10 during trading hours on Friday, reaching $523.51. 8,527,245 shares of the company traded hands, compared to its average volume of 12,737,085. The business’s 50-day moving average price is $540.84 and its two-hundred day moving average price is $448.18. The stock has a market capitalization of $323.01 billion, a P/E ratio of 96.23, a P/E/G ratio of 3.97 and a beta of 1.59. NVIDIA Co. has a 1 year low of $180.68 and a 1 year high of $589.07. The company has a current ratio of 6.09, a quick ratio of 5.51 and a debt-to-equity ratio of 0.50.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Friday, December 4th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Thursday, December 3rd. NVIDIA’s payout ratio is 13.94%.
In other NVIDIA news, EVP Debora Shoquist sold 35,340 shares of NVIDIA stock in a transaction on Monday, October 19th. The stock was sold at an average price of $549.04, for a total value of $19,403,073.60. Following the completion of the sale, the executive vice president now owns 116,068 shares of the company’s stock, valued at approximately $63,725,974.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 629 shares of NVIDIA stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $533.30, for a total value of $335,445.70. The disclosure for this sale can be found here. In the last three months, insiders sold 112,654 shares of company stock valued at $61,687,595. Corporate insiders own 4.47% of the company’s stock.
Several brokerages have recently commented on NVDA. Credit Suisse Group reiterated a “buy” rating and set a $620.00 price objective on shares of NVIDIA in a research report on Tuesday, September 15th. Barclays increased their price objective on NVIDIA from $525.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $585.00 price objective (up from $528.00) on shares of NVIDIA in a research report on Wednesday, September 2nd. Finally, Truist raised their price target on NVIDIA from $623.00 to $643.00 in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and thirty-one have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $537.13.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.
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