Nepsis Capital Management Inc. lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 29.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,666 shares of the computer hardware maker’s stock after selling 14,379 shares during the period. NVIDIA Corporation accounts for 2.3% of Nepsis Capital Management Inc.’s portfolio, making the stock its 28th largest position. Nepsis Capital Management Inc.’s holdings in NVIDIA Corporation were worth $4,867,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of NVDA. Proficio Capital Partners LLC raised its position in NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares in the last quarter. Quadrant Capital Group LLC raised its position in NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock worth $105,000 after buying an additional 157 shares in the last quarter. Coconut Grove Bank raised its position in NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares in the last quarter. Charter Trust Co. bought a new position in NVIDIA Corporation during the second quarter worth about $207,000. Finally, TrimTabs Asset Management LLC raised its position in NVIDIA Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker’s stock worth $174,000 after buying an additional 752 shares in the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.
NVIDIA Corporation (NASDAQ NVDA) opened at 155.96 on Friday. The stock has a 50 day moving average price of $159.49 and a 200-day moving average price of $127.38. NVIDIA Corporation has a 1-year low of $57.32 and a 1-year high of $174.56. The firm has a market cap of $93.11 billion, a P/E ratio of 44.85 and a beta of 1.24. NVIDIA Corporation also saw some unusual options trading activity on Thursday. Stock traders bought 84,606 put options on the stock. This is an increase of approximately 147% compared to the typical daily volume of 34,198 put options.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.99%. The company’s revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Equities research analysts forecast that NVIDIA Corporation will post $3.10 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 15.86%.
NVDA has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $171.00 target price (up previously from $165.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 14th. CLSA reissued an “underperform” rating and issued a $115.00 price objective on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Pacific Crest reissued an “underweight” rating and issued a $90.00 price objective on shares of NVIDIA Corporation in a research note on Monday, May 8th. Vetr downgraded NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $174.02 price objective on the stock. in a research note on Tuesday, July 11th. Finally, Wells Fargo & Company reissued an “underperform” rating and issued a $75.00 price objective (up previously from $68.00) on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $144.43.
In related news, Director Harvey C. Jones sold 145,520 shares of NVIDIA Corporation stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the completion of the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Byron sold 25,507 shares of NVIDIA Corporation stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $137.09, for a total transaction of $3,496,754.63. Following the transaction, the insider now directly owns 162,706 shares of the company’s stock, valued at $22,305,365.54. The disclosure for this sale can be found here. Insiders have sold a total of 572,282 shares of company stock worth $86,830,082 in the last ninety days. Insiders own 5.82% of the company’s stock.
NVIDIA Corporation Company Profile
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.
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.