Northeast Investment Management lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 43.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,094 shares of the computer hardware maker’s stock after acquiring an additional 9,054 shares during the period. Northeast Investment Management’s holdings in NVIDIA were worth $5,380,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in NVDA. Welch Investments LLC bought a new stake in NVIDIA during the third quarter worth about $104,000. Evercore Wealth Management LLC lifted its position in NVIDIA by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after purchasing an additional 206 shares during the period. Thompson Davis & CO. Inc. lifted its position in NVIDIA by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after purchasing an additional 6 shares during the period. Edge Advisors LLC lifted its position in NVIDIA by 98.8% during the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after purchasing an additional 415 shares during the period. Finally, Hanson McClain Inc. lifted its position in NVIDIA by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.
NVDA has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $200.00 price objective (up previously from $135.00) on shares of NVIDIA in a research report on Monday, August 7th. Bank of America reaffirmed a “buy” rating on shares of NVIDIA in a research report on Monday, August 7th. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Vetr cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $177.02 price objective for the company. in a research report on Wednesday, August 9th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $152.00 target price on shares of NVIDIA in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. NVIDIA has a consensus rating of “Buy” and an average target price of $187.38.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. The business had revenue of $2.64 billion during 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%. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the business earned $0.94 EPS. equities analysts expect that NVIDIA Corporation will post 4.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio is currently 15.00%.
In other NVIDIA news, insider Jen Hsun Huang sold 110,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the sale, the director now directly owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The disclosure for this sale can be found here. Insiders have sold a total of 425,175 shares of company stock valued at $77,696,879 in the last three months. Insiders own 5.17% of the company’s stock.
NVIDIA 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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