Nationwide Fund Advisors reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 355,932 shares of the computer hardware maker’s stock after selling 2,236 shares during the period. Nationwide Fund Advisors owned 0.06% of NVIDIA Corporation worth $63,630,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC boosted its position in shares of NVIDIA Corporation by 6.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 7,509 shares of the computer hardware maker’s stock worth $1,396,000 after purchasing an additional 439 shares during the last quarter. Swedbank lifted its holdings in NVIDIA Corporation by 21.0% during the third quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock worth $302,244,000 after acquiring an additional 293,832 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in NVIDIA Corporation by 73.4% during the third quarter. Alpha Cubed Investments LLC now owns 4,846 shares of the computer hardware maker’s stock worth $866,000 after acquiring an additional 2,052 shares in the last quarter. APG Asset Management N.V. lifted its holdings in NVIDIA Corporation by 27.3% during the third quarter. APG Asset Management N.V. now owns 396,139 shares of the computer hardware maker’s stock worth $70,818,000 after acquiring an additional 84,900 shares in the last quarter. Finally, ELM Advisors LLC bought a new position in NVIDIA Corporation during the third quarter worth about $206,000. Institutional investors and hedge funds own 65.28% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $214.93 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA Corporation has a 12 month low of $84.77 and a 12 month high of $218.67. The firm has a market capitalization of $130,926.30, a price-to-earnings ratio of 53.21, a price-to-earnings-growth ratio of 4.68 and a beta of 1.23.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.28%. NVIDIA Corporation’s dividend payout ratio is presently 13.90%.
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In other news, CFO Colette Kress sold 22,808 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the transaction, the director now owns 1,029 shares of the company’s stock, valued at $220,308.90. The disclosure for this sale can be found here. Insiders have sold 452,532 shares of company stock valued at $82,218,204 over the last 90 days. Corporate insiders own 5.82% of the company’s stock.
Several research firms have weighed in on NVDA. B. Riley reiterated a “buy” rating and set a $200.00 target price on shares of NVIDIA Corporation in a report on Sunday, August 13th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 target price on shares of NVIDIA Corporation in a report on Friday, August 11th. Instinet reiterated a “reduce” rating and set a $110.00 target price (up from $90.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Vetr lowered NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 target price on the stock. in a report on Tuesday, August 15th. Finally, MKM Partners reiterated a “neutral” rating and set a $120.00 target price (up from $106.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $186.85.
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.
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