NN Investment Partners Holdings N.V. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,524 shares of the computer hardware maker’s stock after selling 12,854 shares during the period. NN Investment Partners Holdings N.V.’s holdings in NVIDIA were worth $28,249,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in shares of NVIDIA by 3.5% in the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock worth $11,512,019,000 after purchasing an additional 1,656,748 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of NVIDIA by 63.7% in the second quarter. Janus Henderson Group PLC now owns 4,222,049 shares of the computer hardware maker’s stock worth $1,000,199,000 after purchasing an additional 1,643,689 shares during the last quarter. Jennison Associates LLC increased its position in shares of NVIDIA by 18.8% in the second quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock worth $1,847,847,000 after purchasing an additional 1,234,191 shares during the last quarter. Schwab Charitable Fund bought a new position in shares of NVIDIA in the second quarter worth approximately $111,151,000. Finally, USS Investment Management Ltd bought a new position in shares of NVIDIA in the third quarter worth approximately $131,500,000. Hedge funds and other institutional investors own 65.80% of the company’s stock.
In other NVIDIA news, EVP Ajay K. Puri sold 90,831 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total value of $26,281,949.85. Following the completion of the transaction, the executive vice president now owns 184,001 shares in the company, valued at $53,240,689.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Byron sold 11,257 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $263.94, for a total value of $2,971,172.58. Following the transaction, the insider now owns 81,414 shares of the company’s stock, valued at $21,488,411.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,707 shares of company stock valued at $32,347,973. 4.70% of the stock is owned by corporate insiders.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.28. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.11 billion. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The firm’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 7.15 earnings per share for the current year.
NVDA has been the topic of several research analyst reports. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Goldman Sachs Group upped their price objective on shares of NVIDIA from $310.00 to $324.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Wells Fargo & Co upgraded shares of NVIDIA from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $140.00 to $315.00 in a research report on Tuesday, August 14th. Finally, UBS Group raised NVIDIA from a “market perform” rating to an “outperform” rating in a research note on Friday, August 17th. Eleven investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $290.52.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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