Squarepoint Ops LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,960 shares of the computer hardware maker’s stock, valued at approximately $6,260,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Marquette Asset Management LLC lifted its position in shares of NVIDIA by 416.7% in the third quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock worth $27,000 after buying an additional 125 shares in the last quarter. Pacific Center for Financial Services grew its holdings in NVIDIA by 143.1% during the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock valued at $26,000 after buying an additional 93 shares in the last quarter. Investors Research Corp increased its stake in NVIDIA by 313.0% in the 3rd quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 144 shares during the last quarter. American National Bank bought a new stake in NVIDIA in the 3rd quarter worth approximately $35,000. Finally, Bartlett & Co. LLC purchased a new stake in shares of NVIDIA during the 3rd quarter worth approximately $37,000. 65.02% of the stock is owned by institutional investors.
In other NVIDIA news, Director A Brooke Seawell sold 629 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $220.50, for a total transaction of $138,694.50. Following the transaction, the director now directly owns 1,592 shares in the company, valued at approximately $351,036. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Debora Shoquist sold 12,193 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $216.04, for a total value of $2,634,175.72. Following the transaction, the executive vice president now owns 151,232 shares in the company, valued at $32,672,161.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,344 shares of company stock worth $14,494,561. Company insiders own 4.64% of the company’s stock.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.21. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the company posted $1.84 EPS. NVIDIA’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Co. will post 4.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, November 27th. NVIDIA’s payout ratio is presently 10.54%.
NVDA has been the subject of a number of research reports. Mizuho increased their target price on NVIDIA from $185.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their price target on shares of NVIDIA from $217.00 to $251.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Bank of America upped their price target on shares of NVIDIA from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI lifted their price objective on shares of NVIDIA from $185.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $240.00 target price on shares of NVIDIA in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $218.38.
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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