Columbus Circle Investors Invests $1.17 Million in NVIDIA Corporation (NVDA) Stock
Columbus Circle Investors bought a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,557 shares of the computer hardware maker’s stock, valued at approximately $1,172,000.
Other hedge funds have also recently bought and sold shares of the company. Welch Investments LLC bought a new position in NVIDIA Corporation in the third quarter valued at about $104,000. Evercore Wealth Management LLC lifted its holdings in NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation in the second quarter valued at about $116,000. Thompson Davis & CO. Inc. lifted its holdings in NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Finally, Hanson McClain Inc. lifted its holdings in NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the period. 65.28% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on NVDA. SunTrust Banks, Inc. increased their target price on NVIDIA Corporation to $253.00 and gave the company a “buy” rating in a report on Friday, November 10th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of NVIDIA Corporation in a report on Friday, November 10th. Bank of America Corporation upped their price target on NVIDIA Corporation from $210.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Barclays PLC upped their price target on NVIDIA Corporation from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Finally, Raymond James Financial, Inc. upped their price target on NVIDIA Corporation and gave the stock an “outperform” rating in a research report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA Corporation has a consensus rating of “Buy” and a consensus target price of $186.85.
Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at $214.85 on Wednesday. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $128,448.00, a price-to-earnings ratio of 52.73, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. NVIDIA Corporation has a 1 year low of $84.77 and a 1 year high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $0.94 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. equities research analysts predict that NVIDIA Corporation will post 4.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 13.90%.
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In other news, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction on Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $170.19, for a total value of $5,105,700.00. Following the completion of the transaction, the director now owns 16,507 shares in the company, valued at $2,809,326.33. The disclosure for this sale can be found here. Insiders sold a total of 451,503 shares of company stock worth $81,997,895 over the last quarter. Company insiders own 5.17% of the company’s stock.
About NVIDIA Corporation
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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