California Public Employees Retirement System Purchases 80,800 Shares of NVIDIA Corporation (NVDA)

California Public Employees Retirement System grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,205,100 shares of the computer hardware maker’s stock after purchasing an additional 80,800 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of NVIDIA Corporation worth $174,209,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after purchasing an additional 2,676,976 shares during the last quarter. Edgewood Management LLC increased its position in shares of NVIDIA Corporation by 21.9% during the 1st quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock valued at $652,270,000 after purchasing an additional 1,074,303 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of NVIDIA Corporation by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after purchasing an additional 463,306 shares during the last quarter. Janus Capital Management LLC increased its position in shares of NVIDIA Corporation by 20.0% during the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after purchasing an additional 895,591 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of NVIDIA Corporation by 499.0% during the 1st quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after purchasing an additional 3,419,701 shares during the last quarter. Hedge funds and other institutional investors own 65.79% of the company’s stock.

In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 30,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $170.19, for a total value of $5,105,700.00. Following the completion of the transaction, the director now directly owns 16,507 shares in the company, valued at $2,809,326.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 356,690 shares of company stock worth $58,137,873. 5.82% of the stock is owned by insiders.

NVIDIA Corporation (NASDAQ NVDA) traded down 3.45% during mid-day trading on Thursday, hitting $179.43. The company’s stock had a trading volume of 16,036,925 shares. The company has a market cap of $107.66 billion, a P/E ratio of 51.60 and a beta of 1.25. NVIDIA Corporation has a 12-month low of $63.27 and a 12-month high of $191.20. The firm’s 50-day moving average is $167.68 and its 200-day moving average is $138.76. NVIDIA Corporation also was the target of unusually large options trading on Monday. Stock investors purchased 104,416 put options on the company. This is an increase of 247% compared to the typical daily volume of 30,111 put options.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 56.2% on a year-over-year basis. Analysts predict that NVIDIA Corporation will post $3.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is 15.86%.

Several equities analysts have recently commented on NVDA shares. UBS AG reiterated a “buy” rating and set a $168.00 price objective (up from $148.00) on shares of NVIDIA Corporation in a research report on Friday, June 9th. Bank of America Corporation reiterated a “buy” rating and set a $185.00 price objective (up from $155.00) on shares of NVIDIA Corporation in a research report on Friday, June 9th. Argus increased their price objective on NVIDIA Corporation from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Citigroup Inc. increased their price objective on NVIDIA Corporation from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, June 8th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, June 3rd. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $150.03.

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NVIDIA Corporation Company 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.

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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