Tokio Marine Asset Management Co. Ltd. decreased its position in Nvidia Corp. (NASDAQ:NVDA) by 4.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 16,965 shares of the computer hardware maker’s stock after selling 777 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Nvidia Corp. were worth $798,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Aviance Capital Management LLC acquired a new stake in Nvidia Corp. during the second quarter worth approximately $200,000. Raymond James Trust N.A. acquired a new stake in Nvidia Corp. during the second quarter worth approximately $224,000. Cim LLC acquired a new stake in Nvidia Corp. during the second quarter worth approximately $232,000. Benjamin F. Edwards & Company Inc. boosted its stake in Nvidia Corp. by 920.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,100 shares of the computer hardware maker’s stock worth $240,000 after buying an additional 4,600 shares during the last quarter. Finally, Hollencrest Securities LLC acquired a new stake in Nvidia Corp. during the second quarter worth approximately $245,000. Institutional investors own 86.37% of the company’s stock.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded down 1.30% on Thursday, hitting $67.34. The stock had a trading volume of 9,005,317 shares. The company has a market cap of $36.03 billion, a P/E ratio of 44.24 and a beta of 1.25. Nvidia Corp. has a 12 month low of $24.75 and a 12 month high of $69.70. The company’s 50 day moving average price is $63.53 and its 200-day moving average price is $49.67.
Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.16. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. On average, analysts expect that Nvidia Corp. will post $1.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, August 23rd. Nvidia Corp.’s payout ratio is currently 30.26%.
A number of research firms have recently commented on NVDA. B. Riley reiterated a “buy” rating and set a $58.00 target price on shares of Nvidia Corp. in a research note on Monday, July 11th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Nvidia Corp. in a report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.60.
In other news, insider Michael Byron sold 409 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $63.35, for a total value of $25,910.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $62.52, for a total value of $1,875,600.00. Following the completion of the sale, the director now owns 6,213 shares in the company, valued at $388,436.76. The disclosure for this sale can be found here. 5.82% of the stock is owned by insiders.
About Nvidia Corp.
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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