Janus Henderson Group PLC Sells 771,100 Shares of NVIDIA Co. (NASDAQ:NVDA)

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Janus Henderson Group PLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 14.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,659,070 shares of the computer hardware maker’s stock after selling 771,100 shares during the quarter. Janus Henderson Group PLC owned about 0.77% of NVIDIA worth $765,105,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. SG Americas Securities LLC raised its holdings in NVIDIA by 104.7% during the 1st quarter. SG Americas Securities LLC now owns 128,201 shares of the computer hardware maker’s stock worth $23,020,000 after purchasing an additional 2,866,055 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of NVIDIA by 16.0% during the 1st quarter. Baillie Gifford & Co. now owns 7,647,342 shares of the computer hardware maker’s stock worth $1,373,156,000 after buying an additional 1,052,689 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of NVIDIA by 22,776.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 883,719 shares of the computer hardware maker’s stock worth $88,372,000 after buying an additional 879,856 shares during the period. FMR LLC grew its position in shares of NVIDIA by 1.8% during the 1st quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock worth $8,952,880,000 after buying an additional 858,116 shares during the period. Finally, Jennison Associates LLC grew its position in shares of NVIDIA by 10.6% during the 1st quarter. Jennison Associates LLC now owns 7,857,550 shares of the computer hardware maker’s stock worth $1,410,902,000 after buying an additional 753,001 shares during the period. Hedge funds and other institutional investors own 66.93% of the company’s stock.

Several analysts have recently commented on NVDA shares. Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, July 11th. Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 price objective for the company. in a research report on Friday, May 17th. Summit Redstone downgraded shares of NVIDIA to a “hold” rating in a research report on Friday, May 17th. Nomura reaffirmed a “hold” rating on shares of NVIDIA in a research report on Friday, August 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of NVIDIA from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have given a buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $190.40.

In other news, Director Dawn E. Hudson sold 5,000 shares of NVIDIA stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the sale, the director now directly owns 36,037 shares in the company, valued at approximately $6,188,634.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Mccaffery sold 15,000 shares of NVIDIA stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $165.97, for a total value of $2,489,550.00. Following the sale, the director now owns 27,579 shares in the company, valued at $4,577,286.63. The disclosure for this sale can be found here. Insiders have sold a total of 127,236 shares of company stock worth $19,060,326 over the last quarter. Company insiders own 4.64% of the company’s stock.

NASDAQ NVDA opened at $161.22 on Thursday. The stock has a market capitalization of $100.76 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 4.24 and a beta of 2.07. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74. The business’s fifty day moving average is $164.42 and its 200-day moving average is $164.21.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.37. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The business’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. Research analysts expect that NVIDIA Co. will post 4.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, August 28th. NVIDIA’s payout ratio is 10.54%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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