Columbia Partners L L C Investment Management Has $3.38 Million Holdings in NVIDIA Corporation (NVDA)

Columbia Partners L L C Investment Management boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 48.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 18,919 shares of the computer hardware maker’s stock after acquiring an additional 6,210 shares during the period. Columbia Partners L L C Investment Management’s holdings in NVIDIA Corporation were worth $3,382,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cibc World Markets Corp grew its holdings in shares of NVIDIA Corporation by 12.1% in the 2nd 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 period. Meiji Yasuda Life Insurance Co grew its holdings in shares of NVIDIA Corporation by 9.9% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after buying an additional 1,000 shares during the period. RB Capital Management LLC acquired a new position in shares of NVIDIA Corporation in the 2nd quarter valued at $272,000. Oppenheimer Asset Management Inc. grew its holdings in shares of NVIDIA Corporation by 17.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after buying an additional 2,836 shares during the period. Finally, D. Scott Neal Inc. acquired a new position in shares of NVIDIA Corporation in the 2nd quarter valued at $258,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Corporation (NVDA) traded down $0.25 on Friday, hitting $211.36. 12,702,474 shares of the company were exchanged, compared to its average volume of 13,441,235. 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 Corporation has a one year low of $84.77 and a one year high of $218.67. The company has a market capitalization of $126,816.00, a price-to-earnings ratio of 52.06, a P/E/G ratio of 4.57 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the 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 Corporation had a net margin of 28.78% and a return on equity of 42.71%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. analysts predict that NVIDIA Corporation will post 4.13 earnings per share for the current year.

The business 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 is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.28%. NVIDIA Corporation’s payout ratio is currently 13.90%.

Several equities analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $200.00 price target (up previously from $135.00) on shares of NVIDIA Corporation in a report on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $110.00 price objective on shares of NVIDIA Corporation in a research report on Friday, August 11th. MKM Partners reaffirmed a “neutral” rating and issued a $120.00 price objective (up from $106.00) on shares of NVIDIA Corporation in a research report on Monday, August 14th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $140.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, August 16th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of NVIDIA Corporation in a research report on Saturday, September 23rd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $186.85.

In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total value of $18,268,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the sale, the insider now directly owns 136,199 shares in the company, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 451,503 shares of company stock worth $81,997,895. Insiders own 5.82% of the company’s stock.

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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.

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

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