Prudential Financial Inc. boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 816,564 shares of the computer hardware maker’s stock after buying an additional 1,857 shares during the period. Prudential Financial Inc. owned approximately 0.14% of NVIDIA Corporation worth $118,043,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Arete Wealth Advisors LLC boosted its stake in NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock valued at $314,000 after buying an additional 10 shares during the period. Appleton Partners Inc. MA boosted its stake in NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after buying an additional 30 shares during the period. Miles Capital Inc. boosted its stake in NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock valued at $427,000 after buying an additional 41 shares during the period. Broderick Brian C boosted its stake in NVIDIA Corporation by 0.4% in the second quarter. Broderick Brian C now owns 13,806 shares of the computer hardware maker’s stock valued at $1,996,000 after buying an additional 52 shares during the period. Finally, Savant Capital LLC boosted its stake in NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock valued at $247,000 after buying an additional 60 shares during the period. 68.55% of the stock is owned by institutional investors and hedge funds.
NVIDIA Corporation (NASDAQ:NVDA) opened at 163.81 on Friday. NVIDIA Corporation has a 12-month low of $57.32 and a 12-month high of $174.56. The stock has a market capitalization of $98.29 billion, a P/E ratio of 47.11 and a beta of 1.24. The stock has a 50 day moving average price of $163.91 and a 200-day moving average price of $131.12.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. NVIDIA Corporation’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Equities research analysts expect that NVIDIA Corporation will post $3.60 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is 15.86%.
TRADEMARK VIOLATION WARNING: This report was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://stocknewstimes.com/2017/08/26/nvidia-corporation-nvda-shares-bought-by-prudential-financial-inc.html.
Several research firms have recently commented on NVDA. B. Riley restated a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a research note on Monday, May 8th. UBS AG restated a “buy” rating and set a $132.00 price target on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Vetr cut NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $171.46 price target for the company. in a research note on Thursday. Loop Capital restated a “buy” rating and set a $181.00 price target on shares of NVIDIA Corporation in a research note on Tuesday. Finally, Stifel Nicolaus restated a “hold” rating and set a $110.00 price target on shares of NVIDIA Corporation in a research note on Friday, August 11th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $144.95.
In other news, Director Mark L. Perry sold 16,281 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the completion of the transaction, the director now owns 48,069 shares in the company, valued at approximately $7,798,714.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $164.53, for a total value of $8,226,500.00. The disclosure for this sale can be found here. Insiders sold a total of 475,518 shares of company stock valued at $73,752,579 in the last 90 days. 5.82% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA).
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
