Harbour Capital Advisors LLC purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) in the third quarter, according to its most recent filing with the SEC. The firm purchased 2,055 shares of the computer hardware maker’s stock, valued at approximately $367,000.
Other hedge funds also recently bought and sold shares of the company. Welch Investments LLC acquired a new stake in shares of NVIDIA Corporation during the 3rd quarter valued at approximately $104,000. Evercore Wealth Management LLC lifted its position in shares of NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of NVIDIA Corporation during the 2nd quarter valued at approximately $116,000. Thompson Davis & CO. Inc. lifted its position in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Finally, Edge Advisors LLC lifted its position in shares of NVIDIA Corporation by 98.8% during the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the period. Institutional investors own 65.28% of the company’s stock.
NVIDIA Corporation (NASDAQ NVDA) traded up $1.52 during midday trading on Tuesday, reaching $215.60. 7,241,884 shares of the company’s stock traded hands, compared to its average volume of 17,628,381. NVIDIA Corporation has a 1 year low of $84.77 and a 1 year high of $218.67. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The company has a market cap of $129,090.00, a PE ratio of 52.06, a price-to-earnings-growth ratio of 4.57 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. NVIDIA Corporation’s quarterly revenue was up 31.5% on a year-over-year basis. equities research analysts anticipate that NVIDIA Corporation will post 4.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.15 dividend. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.28%. NVIDIA Corporation’s dividend payout ratio is 14.00%.
In other news, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $170.19, for a total value of $5,105,700.00. Following the completion of the transaction, the director now directly owns 16,507 shares in the company, valued at $2,809,326.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Byron sold 409 shares of the 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 completion of the transaction, the insider now owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders sold 451,503 shares of company stock valued at $81,997,895 over the last quarter. Insiders own 5.17% of the company’s stock.
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Several research analysts recently issued reports on NVDA shares. Mizuho restated a “buy” rating and set a $180.00 price objective (up from $170.00) on shares of NVIDIA Corporation in a research report on Friday, August 11th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $140.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, August 16th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of NVIDIA Corporation in a research report on Sunday, November 5th. Vetr downgraded NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price objective for the company. in a research report on Thursday, August 31st. Finally, Canaccord Genuity restated a “buy” rating and set a $190.00 price objective (up from $180.00) on shares of NVIDIA Corporation in a research report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $186.85.
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.
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