Manning & Napier Group LLC Sells 3,250 Shares of NVIDIA Co. (NASDAQ:NVDA)

Manning & Napier Group LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDA) by 7.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 39,725 shares of the computer hardware maker’s stock after selling 3,250 shares during the quarter. Manning & Napier Group LLC’s holdings in NVIDIA were worth $6,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Nuveen Asset Management LLC grew its holdings in shares of NVIDIA by 2,475.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,002,209 shares of the computer hardware maker’s stock valued at $493,052,000 after acquiring an additional 2,885,660 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of NVIDIA by 22,776.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 883,719 shares of the computer hardware maker’s stock valued at $88,372,000 after acquiring an additional 879,856 shares in the last quarter. FMR LLC grew its holdings in shares of NVIDIA by 1.8% in the 1st quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock valued at $8,952,880,000 after acquiring an additional 858,116 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of NVIDIA by 10.6% in the 2nd quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock valued at $1,427,168,000 after acquiring an additional 832,508 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at about $101,986,000. Institutional investors own 64.38% of the company’s stock.

Shares of NVDA stock opened at $185.99 on Friday. The firm has a 50 day moving average price of $174.90 and a two-hundred day moving average price of $167.86. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $110.05 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 4.65 and a beta of 2.05. NVIDIA Co. has a 12-month low of $124.46 and a 12-month high of $249.88.



NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.37. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The business’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period last year, the business posted $1.94 earnings per share. As a group, research analysts expect that NVIDIA Co. will post 4.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.64 annualized dividend and a yield of 0.34%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

NVDA has been the subject of several analyst reports. Barclays decreased their price objective on NVIDIA from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, August 16th. ValuEngine upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Sanford C. Bernstein set a $150.00 price objective on NVIDIA and gave the company a “hold” rating in a report on Wednesday, June 26th. Evercore ISI raised their price objective on NVIDIA from $185.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Finally, Craig Hallum reiterated a “hold” rating and set a $170.00 price target (up previously from $165.00) on shares of NVIDIA in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-eight have given a buy rating to the company. NVIDIA currently has an average rating of “Buy” and a consensus price target of $189.45.

In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the sale, the director now directly owns 36,037 shares in the company, valued at $6,188,634.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Persis Drell sold 165 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $180.45, for a total transaction of $29,774.25. Following the sale, the director now owns 18,019 shares of the company’s stock, valued at $3,251,528.55. The disclosure for this sale can be found here. Insiders have sold 68,883 shares of company stock valued at $12,042,217 over the last 90 days. Company insiders own 4.64% of the company’s stock.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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 (NASDAQ:NVDA)

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