Prudential PLC Has $461,000 Position in NVIDIA Corporation (NVDA)

Prudential PLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,187 shares of the computer hardware maker’s stock after selling 431 shares during the quarter. Prudential PLC’s holdings in NVIDIA Corporation were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Williams Jones & Associates LLC raised its stake in NVIDIA Corporation by 21.0% in the 2nd quarter. Williams Jones & Associates LLC now owns 20,925 shares of the computer hardware maker’s stock valued at $3,025,000 after purchasing an additional 3,625 shares during the last quarter. Odey Asset Management Group Ltd raised its stake in NVIDIA Corporation by 39.8% in the 2nd quarter. Odey Asset Management Group Ltd now owns 22,360 shares of the computer hardware maker’s stock valued at $3,232,000 after purchasing an additional 6,360 shares during the last quarter. AHL Partners LLP acquired a new position in NVIDIA Corporation in the 2nd quarter valued at about $848,000. Sun Life Financial INC raised its stake in NVIDIA Corporation by 12,408.6% in the 2nd quarter. Sun Life Financial INC now owns 4,378 shares of the computer hardware maker’s stock valued at $633,000 after purchasing an additional 4,343 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in NVIDIA Corporation by 212.6% in the 2nd quarter. Tudor Investment Corp ET AL now owns 41,742 shares of the computer hardware maker’s stock valued at $6,034,000 after purchasing an additional 28,390 shares during the last quarter. 65.79% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages recently weighed in on NVDA. Vetr raised shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 target price for the company in a research note on Wednesday, September 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA Corporation in a research note on Thursday, July 13th. BidaskClub downgraded shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Needham & Company LLC reissued a “buy” rating on shares of NVIDIA Corporation in a research note on Friday, August 11th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $210.00 target price (up previously from $185.00) on shares of NVIDIA Corporation in a research note on Friday, September 29th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $159.23.

In other news, insider Jen Hsun Huang sold 110,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was 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 hyperlink. Also, CFO Colette Kress sold 22,808 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $185.31, for a total value of $4,226,550.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 452,784 shares of company stock valued at $81,437,724. 5.82% of the stock is currently owned by corporate insiders.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 191.03 on Friday. The firm has a market capitalization of $114.62 billion, a price-to-earnings ratio of 54.94 and a beta of 1.28. The firm has a 50-day moving average price of $175.31 and a 200 day moving average price of $147.71. NVIDIA Corporation has a 12 month low of $65.52 and a 12 month high of $193.09.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, analysts anticipate that NVIDIA Corporation will post $3.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.29%. NVIDIA Corporation’s payout ratio is currently 15.86%.

About NVIDIA Corporation

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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