Ameriprise Financial Inc. Has $827.11 Million Holdings in NVIDIA Corporation (NVDA)
Ameriprise Financial Inc. raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,720,631 shares of the computer hardware maker’s stock after buying an additional 463,306 shares during the quarter. Ameriprise Financial Inc. owned 0.96% of NVIDIA Corporation worth $827,110,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Chemical Bank acquired a new position in NVIDIA Corporation in the second quarter valued at about $598,000. Roosevelt Investment Group Inc. lifted its stake in NVIDIA Corporation by 44.8% in the second quarter. Roosevelt Investment Group Inc. now owns 18,548 shares of the computer hardware maker’s stock valued at $2,681,000 after buying an additional 5,735 shares during the period. Crawford Lake Capital Management LLC acquired a new position in NVIDIA Corporation in the second quarter valued at about $11,366,000. Seven Eight Capital LP acquired a new position in NVIDIA Corporation in the second quarter valued at about $505,000. Finally, Fiera Capital Corp lifted its stake in NVIDIA Corporation by 280.0% in the second quarter. Fiera Capital Corp now owns 83,301 shares of the computer hardware maker’s stock valued at $12,042,000 after buying an additional 61,377 shares during the period. 65.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NVIDIA Corporation (NVDA) traded down 0.2655% during trading on Wednesday, reaching $169.1596. The company’s stock had a trading volume of 4,745,496 shares. The stock has a 50-day moving average of $165.48 and a 200-day moving average of $135.45. NVIDIA Corporation has a 52-week low of $59.51 and a 52-week high of $174.56. The stock has a market cap of $101.50 billion, a P/E ratio of 48.6510 and a beta of 1.25.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. Analysts predict that NVIDIA Corporation will post $3.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
NVDA has been the topic of a number of research analyst reports. Vetr lowered NVIDIA Corporation from a “hold” rating to a “sell” rating and set a $129.84 price target on the stock. in a research report on Tuesday, May 16th. Sanford C. Bernstein initiated coverage on NVIDIA Corporation in a research report on Thursday, May 18th. They set an “outperform” rating and a $165.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $140.00 price target on shares of NVIDIA Corporation in a research report on Friday, May 19th. UBS AG reaffirmed a “buy” rating and set a $148.00 price target (up previously from $135.00) on shares of NVIDIA Corporation in a research report on Friday, May 19th. Finally, Bank of America Corporation raised their price target on NVIDIA Corporation from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. NVIDIA Corporation currently has a consensus rating of “Hold” and an average price target of $145.10.
In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the sale, the director now owns 16,507 shares in the company, valued at approximately $2,809,326.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 502,210 shares of company stock worth $79,743,664. Company insiders own 5.17% of the company’s stock.
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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