Canada Pension Plan Investment Board Has $72.64 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Canada Pension Plan Investment Board boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 160.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 502,470 shares of the computer hardware maker’s stock after buying an additional 309,634 shares during the period. Canada Pension Plan Investment Board owned 0.08% of NVIDIA Corporation worth $72,637,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares during the last quarter. Edgewood Management LLC boosted its stake in shares of NVIDIA Corporation by 21.9% in the first quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after buying an additional 1,074,303 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of NVIDIA Corporation by 20.0% in the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares during the last quarter. 68.91% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Corporation (NVDA) opened at 164.74 on Friday. The stock has a market cap of $98.02 billion, a PE ratio of 55.30 and a beta of 1.24. NVIDIA Corporation has a 52 week low of $57.32 and a 52 week high of $174.56. The stock has a 50 day moving average price of $159.56 and a 200 day moving average price of $127.02.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. On average, equities analysts predict that NVIDIA Corporation will post $3.10 earnings per share for the current year.

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NVDA has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed an “underperform” rating and set a $85.00 price objective on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Bank of America Corporation reaffirmed a “buy” rating and set a $185.00 price objective on shares of NVIDIA Corporation in a research note on Wednesday, June 21st. Roth Capital reaffirmed a “neutral” rating on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $145.00 price objective on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $138.85.

In other news, Director Tench Coxe sold 50,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the sale, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 572,282 shares of company stock valued at $86,830,082. Insiders own 5.82% of the company’s stock.

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.

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

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