LMR Partners LLP increased its stake in Nvidia Corp. (NASDAQ:NVDA) by 94.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,807 shares of the computer hardware maker’s stock after buying an additional 39,837 shares during the period. Nvidia Corp. accounts for 0.6% of LMR Partners LLP’s investment portfolio, making the stock its 27th largest position. LMR Partners LLP’s holdings in Nvidia Corp. were worth $3,846,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Trinity Street Asset Management LLP increased its stake in shares of Nvidia Corp. by 154.6% in the second quarter. Trinity Street Asset Management LLP now owns 563,363 shares of the computer hardware maker’s stock valued at $26,483,000 after buying an additional 342,092 shares during the period. Natixis increased its stake in shares of Nvidia Corp. by 91.1% in the first quarter. Natixis now owns 1,754,727 shares of the computer hardware maker’s stock valued at $62,521,000 after buying an additional 836,276 shares during the period. Legal & General Group Plc increased its stake in shares of Nvidia Corp. by 5.1% in the first quarter. Legal & General Group Plc now owns 2,243,547 shares of the computer hardware maker’s stock valued at $79,938,000 after buying an additional 107,884 shares during the period. Clark Capital Management Group Inc. bought a new stake in shares of Nvidia Corp. during the first quarter valued at about $7,723,000. Finally, Nordea Investment Management AB increased its stake in shares of Nvidia Corp. by 114.1% in the second quarter. Nordea Investment Management AB now owns 33,823 shares of the computer hardware maker’s stock valued at $1,590,000 after buying an additional 18,023 shares during the period. 86.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded down 0.8120% on Tuesday, hitting $67.8942. The stock had a trading volume of 5,454,967 shares. Nvidia Corp. has a 12-month low of $24.75 and a 12-month high of $69.70. The company has a 50 day moving average of $63.15 and a 200-day moving average of $49.28. The firm has a market capitalization of $36.32 billion, a P/E ratio of 44.6085 and a beta of 1.25.
Nvidia Corp. (NASDAQ:NVDA) last issued its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The business earned $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $0.34 EPS. Nvidia Corp.’s revenue was up 23.9% on a year-over-year basis. Equities analysts predict that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were paid a $0.115 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $0.46 annualized dividend and a yield of 0.67%. Nvidia Corp.’s dividend payout ratio (DPR) is currently 30.26%.
NVDA has been the topic of several recent research reports. Nomura reissued a “buy” rating and issued a $62.50 price target on shares of Nvidia Corp. in a report on Monday, September 12th. Bank of America Corp. reissued a “buy” rating and issued a $80.00 price target on shares of Nvidia Corp. in a report on Monday. RBC Capital Markets reissued an “outperform” rating and issued a $72.00 price target on shares of Nvidia Corp. in a report on Wednesday, August 31st. Vetr raised Nvidia Corp. from a “hold” rating to a “buy” rating and set a $67.35 target price on the stock in a research note on Monday, September 5th. Finally, Wells Fargo & Co. reaffirmed an “underperform” rating on shares of Nvidia Corp. in a research note on Friday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have issued a buy rating to the company. Nvidia Corp. presently has an average rating of “Hold” and a consensus target price of $58.60.
In other Nvidia Corp. news, CEO Jen Hsun Huang sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $52.94, for a total transaction of $2,117,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,817,279 shares in the company, valued at $96,206,750.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark L. Perry sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $52.93, for a total transaction of $1,852,550.00. Following the sale, the director now owns 97,292 shares of the company’s stock, valued at $5,149,665.56. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by corporate insiders.
Nvidia Corp. Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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