Neumann Capital Management LLC Has $3.69 Million Holdings in NVIDIA Co. (NVDA)

NVIDIA logo Neumann Capital Management LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,085 shares of the computer hardware maker’s stock after selling 550 shares …

NVIDIA logoNeumann Capital Management LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,085 shares of the computer hardware maker’s stock after selling 550 shares during the quarter. NVIDIA comprises about 2.3% of Neumann Capital Management LLC’s holdings, making the stock its 13th largest holding. Neumann Capital Management LLC’s holdings in NVIDIA were worth $3,693,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in NVIDIA by 160.9% in the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after purchasing an additional 120,734 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in NVIDIA by 1.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock valued at $148,307,000 after purchasing an additional 9,565 shares during the period. KCS Wealth Advisory purchased a new position in NVIDIA in the fourth quarter valued at $282,000. Schwab Charles Investment Management Inc. boosted its holdings in NVIDIA by 3.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock valued at $345,473,000 after purchasing an additional 71,458 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in NVIDIA by 45.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock valued at $4,897,000 after purchasing an additional 8,605 shares during the period. 62.70% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the sale, the director now owns 28,816 shares in the company, valued at $6,177,862.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the sale, the director now owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. Insiders have sold 22,165 shares of company stock worth $4,970,569 in the last ninety days. Corporate insiders own 5.17% of the company’s stock.

A number of analysts have weighed in on the company. B. Riley raised their price target on NVIDIA from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Stifel Nicolaus raised their price target on NVIDIA from $184.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, February 9th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and set a $300.00 target price (up previously from $275.00) on shares of NVIDIA in a research report on Friday, February 9th. BMO Capital Markets lifted their target price on NVIDIA from $200.00 to $225.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Finally, Mizuho restated a “buy” rating and issued a $265.00 price target (up previously from $240.00) on shares of NVIDIA in a research report on Friday, February 9th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $210.67.

NVIDIA Co. (NASDAQ NVDA) traded up $8.74 during trading hours on Wednesday, reaching $241.37. 16,490,000 shares of the company’s stock were exchanged, compared to its average volume of 16,930,000. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. The stock has a market cap of $146,270.00, a PE ratio of 49.97, a P/E/G ratio of 3.71 and a beta of 1.43. NVIDIA Co. has a one year low of $95.17 and a one year high of $249.27.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping the consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. analysts predict that NVIDIA Co. will post 6 earnings per share for the current 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. NVIDIA’s payout ratio is 12.42%.

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About NVIDIA

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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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