Cornerstone Capital Management Holdings LLC. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,846 shares of the computer hardware maker’s stock after buying an additional 15,928 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in NVIDIA were worth $39,443,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Welch Investments LLC acquired a new position in shares of NVIDIA during the third quarter worth about $104,000. Country Trust Bank grew its position in shares of NVIDIA by 490.0% during the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after buying an additional 490 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of NVIDIA during the fourth quarter worth about $116,000. Clearbridge Investments LLC grew its position in shares of NVIDIA by 100.0% during the fourth quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after buying an additional 300 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of NVIDIA by 67.3% during the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after buying an additional 255 shares in the last quarter. 67.01% of the stock is owned by institutional investors and hedge funds.
NVDA has been the subject of a number of research analyst reports. Vetr downgraded NVIDIA from a “hold” rating to a “sell” rating and set a $234.76 price target for the company. in a report on Monday, January 29th. Zacks Investment Research downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Monday, January 15th. Mizuho reaffirmed a “buy” rating and issued a $225.00 price target on shares of NVIDIA in a report on Tuesday, November 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of NVIDIA in a report on Friday, November 17th. Finally, BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $211.43.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. research analysts forecast that NVIDIA Co. will post 6.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 13.02%.
In other NVIDIA news, CFO Colette Kress sold 171 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Persis Drell sold 606 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the transaction, the director now owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. Insiders have sold 58,546 shares of company stock valued at $14,034,433 in the last 90 days. Company insiders own 5.17% of the company’s stock.
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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