Trustmark National Bank Trust Department bought a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,435 shares of the computer hardware maker’s stock, valued at approximately $207,000.
Other institutional investors have also modified their holdings of the company. Meiji Yasuda Life Insurance Co raised its position in shares of NVIDIA Corporation by 9.9% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after acquiring an additional 1,000 shares during the last quarter. RB Capital Management LLC bought a new stake in shares of NVIDIA Corporation in the 2nd quarter valued at $272,000. Oppenheimer Asset Management Inc. increased its position in shares of NVIDIA Corporation by 17.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after buying an additional 2,836 shares in the last quarter. D. Scott Neal Inc. bought a new stake in shares of NVIDIA Corporation in the 2nd quarter valued at $258,000. Finally, Girard Partners LTD. increased its position in shares of NVIDIA Corporation by 7.7% in the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock valued at $448,000 after buying an additional 221 shares in the last quarter. Institutional investors own 65.79% of the company’s stock.
Shares of NVIDIA Corporation (NVDA) traded down 2.7845% on Thursday, hitting $180.6653. 7,349,586 shares of the stock traded hands. The stock has a market cap of $108.40 billion, a price-to-earnings ratio of 51.9601 and a beta of 1.25. The stock has a 50 day moving average price of $167.68 and a 200-day moving average price of $138.76. NVIDIA Corporation has a 52 week low of $63.27 and a 52 week high of $191.20. NVIDIA Corporation also saw some unusual options trading activity on Monday. Investors bought 104,416 put options on the company. This represents an increase of 247% compared to the typical daily volume of 30,111 put options.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. NVIDIA Corporation’s revenue was up 56.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. On average, equities research analysts forecast that NVIDIA Corporation will post $3.61 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 15.86%.
In related news, insider Michael Byron sold 409 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the sale, the insider now owns 136,199 shares of the company’s stock, valued at approximately $23,291,390.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on 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. Insiders have sold a total of 356,690 shares of company stock worth $58,137,873 in the last ninety days. 5.82% of the stock is currently owned by insiders.
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A number of research firms recently commented on NVDA. B. Riley restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA Corporation in a research report on Thursday. Royal Bank Of Canada restated a “buy” rating and issued a $205.00 price objective (up previously from $175.00) on shares of NVIDIA Corporation in a research report on Monday. Vetr cut shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $179.35 price objective for the company. in a research report on Monday. Evercore ISI upped their price objective on shares of NVIDIA Corporation from $180.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Finally, Susquehanna Bancshares Inc upped their price objective on shares of NVIDIA Corporation from $140.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, September 14th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $150.03.
NVIDIA Corporation 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.
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