Whittier Trust Co. maintained its position in Nvidia Corp. (NASDAQ:NVDA) during the second quarter, Holdings Channel reports. The institutional investor owned 3,752 shares of the computer hardware maker’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Nvidia Corp. were worth $176,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Aviance Capital Management LLC acquired a new stake in shares of Nvidia Corp. during the second quarter worth $200,000. Raymond James Trust N.A. acquired a new stake in shares of Nvidia Corp. during the second quarter worth $224,000. Cim LLC acquired a new stake in shares of Nvidia Corp. during the second quarter worth $232,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Nvidia Corp. by 920.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,100 shares of the computer hardware maker’s stock worth $240,000 after buying an additional 4,600 shares during the last quarter. Finally, Hollencrest Securities LLC acquired a new stake in shares of Nvidia Corp. during the second quarter worth $245,000. 86.37% of the stock is currently owned by institutional investors.
Nvidia Corp. (NASDAQ:NVDA) traded up 0.98% during midday trading on Friday, reaching $65.99. The company’s stock had a trading volume of 8,265,851 shares. The company’s 50-day moving average is $64.34 and its 200 day moving average is $51.04. The firm has a market cap of $35.30 billion, a price-to-earnings ratio of 43.36 and a beta of 1.25. Nvidia Corp. has a 12-month low of $24.75 and a 12-month high of $69.70.
Nvidia Corp. (NASDAQ:NVDA) last posted its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. Equities analysts forecast that Nvidia Corp. will post $1.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were given a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.70%. Nvidia Corp.’s dividend payout ratio is currently 30.26%.
A number of brokerages have weighed in on NVDA. B. Riley reiterated a “buy” rating and issued a $58.00 target price on shares of Nvidia Corp. in a report on Wednesday, June 22nd. Argus lifted their target price on Nvidia Corp. from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.00 target price (up from $55.00) on shares of Nvidia Corp. in a report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $58.59.
In related news, Director Persis Drell sold 2,361 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $66.58, for a total value of $157,195.38. Following the sale, the director now directly owns 27,152 shares in the company, valued at $1,807,780.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jen Hsun Huang sold 41,666 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $66.42, for a total value of $2,767,455.72. Following the completion of the sale, the insider now owns 1,751,872 shares in the company, valued at $116,359,338.24. The disclosure for this sale can be found here. 5.82% of the stock is owned by corporate insiders.
Nvidia Corp. 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.
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