Sigma Investment Counselors Inc. Takes Position in NVIDIA Corporation (NVDA)

Sigma Investment Counselors Inc. purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,735 shares of the computer hardware maker’s stock, valued at approximately $310,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after acquiring an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. grew its stake in NVIDIA Corporation by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after acquiring an additional 463,306 shares in the last quarter. Renaissance Technologies LLC grew its stake in NVIDIA Corporation by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after acquiring an additional 768,200 shares in the last quarter. Janus Henderson Group PLC grew its stake in NVIDIA Corporation by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after acquiring an additional 4,022,728 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in NVIDIA Corporation by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock worth $585,894,000 after acquiring an additional 46,686 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

Several brokerages have recently weighed in on NVDA. SunTrust Banks, Inc. upped their price target on shares of NVIDIA Corporation to $253.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of NVIDIA Corporation in a research report on Friday, November 10th. Bank of America Corporation increased their target price on shares of NVIDIA Corporation from $210.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Barclays PLC increased their target price on shares of NVIDIA Corporation from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, Raymond James Financial, Inc. increased their target price on shares of NVIDIA Corporation and gave the company an “outperform” rating in a research report on Friday, November 10th. 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 issued a strong buy rating to the company. NVIDIA Corporation presently has an average rating of “Buy” and an average target price of $185.93.

NVIDIA Corporation (NASDAQ:NVDA) traded up $3.46 during trading hours on Thursday, reaching $213.44. 2,191,047 shares of the company’s stock were exchanged, compared to its average volume of 13,740,000. The stock has a market cap of $128,000.00, a price-to-earnings ratio of 52.75, a price-to-earnings-growth ratio of 4.64 and a beta of 1.23. NVIDIA Corporation has a 52 week low of $84.77 and a 52 week high of $218.67. 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 (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ 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 was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. equities 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. Stockholders of record on Friday, November 24th will be issued a dividend of $0.15 per share. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend 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%.

In related news, insider Michael Byron sold 409 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $171.01, for a total value of $69,943.09. Following the transaction, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 22,808 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 451,503 shares of company stock worth $81,997,895. Insiders own 5.82% of the company’s stock.

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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.

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

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