Private Advisory Group LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,851 shares of the computer hardware maker’s stock, valued at approximately $411,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Henderson Group PLC increased its position in NVIDIA Corporation by 11.5% in the second quarter. Henderson Group PLC now owns 66,629 shares of the computer hardware maker’s stock valued at $3,133,000 after buying an additional 6,892 shares in the last quarter. BP PLC increased its position in NVIDIA Corporation by 10.7% in the second quarter. BP PLC now owns 155,000 shares of the computer hardware maker’s stock valued at $7,287,000 after buying an additional 15,000 shares in the last quarter. Nordea Investment Management AB increased its position in NVIDIA Corporation by 114.1% in the second quarter. Nordea Investment Management AB now owns 33,823 shares of the computer hardware maker’s stock valued at $1,590,000 after buying an additional 18,023 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its position in NVIDIA Corporation by 182.2% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 25,992 shares of the computer hardware maker’s stock valued at $1,221,000 after buying an additional 16,782 shares in the last quarter. Finally, Tocqueville Asset Management L.P. increased its position in NVIDIA Corporation by 856.9% in the second quarter. Tocqueville Asset Management L.P. now owns 125,355 shares of the computer hardware maker’s stock valued at $5,893,000 after buying an additional 112,255 shares in the last quarter. 84.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down 2.37% on Friday, reaching $113.62. 41,277,341 shares of the company were exchanged. The stock has a market capitalization of $62.83 billion, a PE ratio of 44.21 and a beta of 1.31. The firm has a 50 day moving average price of $108.92 and a 200-day moving average price of $80.99. NVIDIA Corporation has a 12-month low of $26.02 and a 12-month high of $120.92.
NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Thursday, February 9th. The computer hardware maker reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.30. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.10 billion. NVIDIA Corporation had a net margin of 23.82% and a return on equity of 36.14%. The company’s quarterly revenue was up 54.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. On average, analysts predict that NVIDIA Corporation will post $2.71 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, February 24th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, February 22nd. NVIDIA Corporation’s payout ratio is 21.96%.
NVDA has been the subject of several recent research reports. Vetr cut shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $124.39 target price for the company. in a research report on Monday, January 30th. Royal Bank Of Canada upped their target price on shares of NVIDIA Corporation from $115.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. MKM Partners upped their target price on shares of NVIDIA Corporation from $87.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, November 22nd. Canaccord Genuity upped their target price on shares of NVIDIA Corporation to $130.00 and gave the company a “buy” rating in a research report on Friday. Finally, Brean Capital reiterated a “hold” rating on shares of NVIDIA Corporation in a research report on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $92.10.
In related news, insider Jen Hsun Huang sold 41,666 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $102.74, for a total transaction of $4,280,764.84. Following the sale, the insider now directly owns 1,751,872 shares in the company, valued at approximately $179,987,329.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $116.70, for a total transaction of $5,835,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,931 shares of company stock worth $16,194,578. Corporate insiders own 5.82% of the company’s stock.
NVIDIA Corporation Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/3851-shares-in-nvidia-corporation-nvda-acquired-by-private-advisory-group-llc/1656770.html
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.