NVIDIA Corporation (NVDA) is Peddock Capital Advisors LLC’s 4th Largest Position
Peddock Capital Advisors LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 30.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 27,666 shares of the computer hardware maker’s stock after selling 11,861 shares during the period. NVIDIA comprises approximately 2.5% of Peddock Capital Advisors LLC’s portfolio, making the stock its 4th largest position. Peddock Capital Advisors LLC’s holdings in NVIDIA were worth $4,946,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of NVDA. Janus Henderson Group PLC grew its stake in shares of NVIDIA by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after acquiring an additional 4,022,728 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NVIDIA by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after acquiring an additional 2,676,976 shares in the last quarter. Jackson Square Partners LLC acquired a new position in shares of NVIDIA in the second quarter worth $229,323,000. Renaissance Technologies LLC grew its stake in shares of NVIDIA by 19.3% in the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after acquiring an additional 768,200 shares in the last quarter. Finally, Quantitative Investment Management LLC grew its stake in shares of NVIDIA by 3,194.2% in the second quarter. Quantitative Investment Management LLC now owns 678,600 shares of the computer hardware maker’s stock worth $98,098,000 after acquiring an additional 658,000 shares in the last quarter. Hedge funds and other institutional investors own 63.51% of the company’s stock.
In other news, insider Michael Byron sold 9,538 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $179.80, for a total transaction of $1,714,932.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,175 shares of company stock worth $59,428,079. Company insiders own 5.17% of the company’s stock.
Shares of NVIDIA Corporation (NVDA) opened at $187.74 on Wednesday. NVIDIA Corporation has a 1-year low of $87.54 and a 1-year high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The company has a market cap of $119,794.08, a PE ratio of 48.69, a PEG ratio of 4.28 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The business’s revenue was up 31.5% compared to the same quarter last year. sell-side analysts anticipate that NVIDIA Corporation will post 4.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.32%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA’s payout ratio is 14.89%.
Several equities analysts have commented on NVDA shares. Raymond James Financial boosted their price target on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Friday, November 10th. Bank of America set a $210.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research note on Thursday, October 12th. Canaccord Genuity restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Friday, September 8th. Royal Bank Of Canada boosted their price target on shares of NVIDIA from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, Goldman Sachs Group boosted their price target on shares of NVIDIA from $193.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $187.38.
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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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