Private Wealth Partners LLC Has $7.16 Million Stake in NVIDIA Corporation (NVDA)
Private Wealth Partners LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 18.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,504 shares of the computer hardware maker’s stock after buying an additional 7,606 shares during the period. NVIDIA Corporation makes up 1.6% of Private Wealth Partners LLC’s holdings, making the stock its 21st largest position. Private Wealth Partners LLC’s holdings in NVIDIA Corporation were worth $7,156,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of NVIDIA Corporation by 12.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 754,847 shares of the computer hardware maker’s stock valued at $109,120,000 after buying an additional 83,065 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of NVIDIA Corporation by 8.3% in the second quarter. Shell Asset Management Co. now owns 53,036 shares of the computer hardware maker’s stock valued at $7,667,000 after buying an additional 4,066 shares during the period. Aviance Capital Partners LLC purchased a new stake in shares of NVIDIA Corporation during the second quarter valued at about $712,000. Personal Capital Advisors Corp increased its stake in shares of NVIDIA Corporation by 64.1% in the second quarter. Personal Capital Advisors Corp now owns 3,070 shares of the computer hardware maker’s stock valued at $444,000 after buying an additional 1,199 shares during the period. Finally, ING Groep NV increased its stake in shares of NVIDIA Corporation by 45.2% in the second quarter. ING Groep NV now owns 18,711 shares of the computer hardware maker’s stock valued at $2,705,000 after buying an additional 5,829 shares during the period. Institutional investors own 68.91% of the company’s stock.
NVIDIA Corporation (NASDAQ:NVDA) traded down 5.33% on Friday, hitting $155.96. 37,429,859 shares of the stock were exchanged. The company has a 50-day moving average of $159.49 and a 200-day moving average of $127.38. The stock has a market cap of $93.11 billion, a price-to-earnings ratio of 44.85 and a beta of 1.24. NVIDIA Corporation has a 12 month low of $57.32 and a 12 month high of $174.56. NVIDIA Corporation also saw unusually large options trading activity on Thursday. Traders purchased 84,606 put options on the company. This is an increase of 147% compared to the average daily volume of 34,198 put options.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.99%. The business’s revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. On average, equities analysts predict that NVIDIA Corporation will post $3.10 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.36%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
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Several equities research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $135.00 price objective on shares of NVIDIA Corporation in a research report on Monday, May 8th. UBS AG reiterated a “buy” rating and issued a $132.00 price target on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $110.00 price target on shares of NVIDIA Corporation in a research report on Friday. Loop Capital reiterated a “buy” rating and issued a $181.00 price target on shares of NVIDIA Corporation in a research report on Friday. Finally, BidaskClub upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. NVIDIA Corporation presently has an average rating of “Buy” and an average price target of $144.43.
In related news, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the sale, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,623,220.98. The transaction 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 on 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 572,282 shares of company stock worth $86,830,082 in the last three months. 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.
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