CIBC Asset Management Inc grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,702 shares of the computer hardware maker’s stock after acquiring an additional 1,831 shares during the quarter. CIBC Asset Management Inc’s holdings in NVIDIA were worth $13,746,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Deltec Asset Management LLC purchased a new stake in shares of NVIDIA in the second quarter worth $452,000. Rehmann Capital Advisory Group lifted its holdings in shares of NVIDIA by 28.5% during the first quarter. Rehmann Capital Advisory Group now owns 1,558 shares of the computer hardware maker’s stock valued at $280,000 after purchasing an additional 346 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of NVIDIA by 2,473.9% during the second quarter. Meeder Asset Management Inc. now owns 592 shares of the computer hardware maker’s stock valued at $97,000 after purchasing an additional 569 shares in the last quarter. Tdam USA Inc. lifted its holdings in shares of NVIDIA by 15.5% during the first quarter. Tdam USA Inc. now owns 1,970 shares of the computer hardware maker’s stock valued at $354,000 after purchasing an additional 264 shares in the last quarter. Finally, ACG Wealth lifted its holdings in shares of NVIDIA by 5.5% during the first quarter. ACG Wealth now owns 30,488 shares of the computer hardware maker’s stock valued at $5,474,000 after purchasing an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.
Shares of NASDAQ:NVDA opened at $184.27 on Friday. NVIDIA Co. has a 12-month low of $124.46 and a 12-month high of $292.76. The business’s fifty day simple moving average is $166.03 and its 200-day simple moving average is $165.58. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $111.56 billion, a PE ratio of 30.36, a P/E/G ratio of 4.63 and a beta of 2.07.NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $1.94 EPS. The firm’s revenue for the quarter was down 17.4% on a year-over-year basis. Research analysts predict that NVIDIA Co. will post 4.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.35%. NVIDIA’s dividend payout ratio is currently 10.54%.
In other news, CFO Colette Kress sold 2,236 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $164.01, for a total value of $366,726.36. Following the completion of the transaction, the chief financial officer now owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dawn E. Hudson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the sale, the director now owns 36,037 shares of the company’s stock, valued at $6,188,634.01. The disclosure for this sale can be found here. In the last three months, insiders sold 139,597 shares of company stock valued at $21,275,952. Insiders own 4.64% of the company’s stock.
A number of brokerages have recently issued reports on NVDA. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 price target on the stock. in a report on Friday, May 17th. Cascend Securities raised NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, July 11th. Daiwa Capital Markets set a $200.00 target price on NVIDIA and gave the company a “buy” rating in a report on Wednesday, August 21st. SunTrust Banks set a $210.00 target price on NVIDIA and gave the company a “buy” rating in a report on Friday, August 16th. Finally, ValuEngine upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $190.40.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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.
Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.