Renaissance Technologies LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA) by 19.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,758,793 shares of the computer hardware maker’s stock after acquiring an additional 768,200 shares during the quarter. NVIDIA Corporation makes up about 0.9% of Renaissance Technologies LLC’s holdings, making the stock its 6th biggest holding. Renaissance Technologies LLC owned 0.80% of NVIDIA Corporation worth $687,931,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of NVDA. Wellington Management Group LLP lifted its position in shares of NVIDIA Corporation by 499.0% in the 1st quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after acquiring an additional 3,419,701 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of 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 valued at $5,819,579,000 after acquiring an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of NVIDIA Corporation by 46.6% in the 1st quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after acquiring an additional 1,672,231 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of NVIDIA Corporation in the 1st quarter valued at approximately $126,231,000. Finally, WINTON GROUP Ltd lifted its position in shares of NVIDIA Corporation by 290.5% in the 1st quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock valued at $106,396,000 after acquiring an additional 1,155,115 shares in the last quarter. Institutional investors and hedge funds own 65.79% of the company’s stock.
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In other news, Director Mark A. Stevens sold 80,250 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $187.23, for a total value of $15,025,207.50. Following the completion of the transaction, the director now owns 37,382 shares of the company’s stock, valued at $6,999,031.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Insiders sold 536,940 shares of company stock valued at $91,728,080 in the last three months. Company insiders own 5.82% of the company’s stock.
Several brokerages recently commented on NVDA. B. Riley restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA Corporation in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and issued a $205.00 target price (up previously from $175.00) on shares of NVIDIA Corporation in a research report on Monday, September 18th. Vetr downgraded shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $179.35 target price for the company. in a research report on Monday, September 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $19.00 target price on shares of NVIDIA Corporation in a research report on Saturday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of NVIDIA Corporation in a research report on Saturday. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $147.03.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down 0.97% during trading on Friday, reaching $179.00. 12,280,771 shares of the company traded hands. NVIDIA Corporation has a 12 month low of $63.27 and a 12 month high of $191.20. The stock has a market capitalization of $107.40 billion, a PE ratio of 51.48 and a beta of 1.25. The company has a 50-day moving average of $167.68 and a 200-day moving average of $138.76.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. NVIDIA Corporation’s revenue was up 56.2% compared to the same quarter last year. Analysts forecast that NVIDIA Corporation will post $3.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were issued a $0.14 dividend. 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 0.31%. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 15.86%.
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.
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