Parkside Investments LLC purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,900 shares of the computer hardware maker’s stock, valued at approximately $340,000.
Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank increased its position in shares of NVIDIA Corporation by 13.2% during the third quarter. Toronto Dominion Bank now owns 227,484 shares of the computer hardware maker’s stock worth $40,662,000 after purchasing an additional 26,609 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of NVIDIA Corporation by 12.1% during the third quarter. New York State Common Retirement Fund now owns 1,505,408 shares of the computer hardware maker’s stock worth $269,122,000 after purchasing an additional 162,803 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of NVIDIA Corporation during the third quarter worth about $280,000. Retirement Systems of Alabama increased its position in shares of NVIDIA Corporation by 0.9% during the third quarter. Retirement Systems of Alabama now owns 291,092 shares of the computer hardware maker’s stock worth $52,039,000 after purchasing an additional 2,603 shares in the last quarter. Finally, Strategic Financial Services Inc acquired a new stake in shares of NVIDIA Corporation during the third quarter worth about $278,000. Institutional investors own 65.40% of the company’s stock.
In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Byron sold 409 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 436,503 shares of company stock valued at $78,796,295. 5.17% of the stock is currently owned by corporate insiders.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $1.36 during trading on Tuesday, reaching $213.99. 5,874,619 shares of the company were exchanged, compared to its average volume of 17,758,639. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a 12-month low of $83.62 and a 12-month high of $218.67. The stock has a market cap of $127,580.00, a PE ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company earned $0.94 EPS. The firm’s revenue was up 31.5% on a year-over-year basis. analysts predict that NVIDIA Corporation will post 3.61 earnings per share for the current year.
The company 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 boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio is presently 14.00%.
A number of equities analysts recently issued reports on the company. Vetr raised NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 price target on the stock in a report on Wednesday, September 6th. Needham & Company LLC reissued a “buy” rating on shares of NVIDIA Corporation in a report on Friday, August 11th. Citigroup Inc. reissued a “buy” rating and set a $210.00 price target (up previously from $185.00) on shares of NVIDIA Corporation in a report on Friday, September 29th. Canaccord Genuity reissued a “buy” rating and set a $155.00 price target on shares of NVIDIA Corporation in a report on Monday, July 17th. Finally, Bank of America Corporation set a $210.00 price target on NVIDIA Corporation and gave the stock a “buy” rating in a report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $185.41.
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.
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