KBC Group NV Reduces Position in NVIDIA Co. (NASDAQ:NVDA)

KBC Group NV trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.0% during the second quarter, HoldingsChannel reports. The institutional …

NVIDIA logoKBC Group NV trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 334,806 shares of the computer hardware maker’s stock after selling 162 shares during the period. KBC Group NV’s holdings in NVIDIA were worth $54,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Thor Advisors LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at $29,000. Harvest Group Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter worth $30,000. Field & Main Bank acquired a new stake in NVIDIA during the 2nd quarter worth $33,000. Sound Income Strategies LLC boosted its stake in NVIDIA by 96.2% during the 2nd quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock worth $34,000 after purchasing an additional 100 shares during the period. Finally, Semmax Financial Advisors Inc. boosted its stake in NVIDIA by 935.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 207 shares of the computer hardware maker’s stock worth $37,000 after purchasing an additional 187 shares during the period. 66.93% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:NVDA opened at $161.80 on Wednesday. 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 firm has a 50-day moving average price of $164.31 and a two-hundred day moving average price of $164.14. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76. The company has a market capitalization of $98.93 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 4.16 and a beta of 2.07.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was down 17.4% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Co. will post 4.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.64 annualized dividend and a yield of 0.40%. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.

In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the transaction, the director now directly owns 36,037 shares in the company, valued at approximately $6,188,634.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $164.01, for a total transaction of $366,726.36. Following the transaction, the chief financial officer now owns 239,710 shares of the company’s stock, valued at $39,314,837.10. The disclosure for this sale can be found here. Insiders have sold a total of 112,236 shares of company stock valued at $16,570,776 over the last 90 days. 4.64% of the stock is currently owned by insiders.

A number of analysts recently weighed in on the stock. Craig Hallum reiterated a “hold” rating and set a $170.00 price target (up previously from $165.00) on shares of NVIDIA in a research note on Friday, August 16th. Benchmark restated a “buy” rating and issued a $210.00 target price on shares of NVIDIA in a research note on Wednesday, August 21st. BidaskClub upgraded shares of NVIDIA from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Summit Redstone cut shares of NVIDIA to a “hold” rating in a research note on Friday, May 17th. Finally, UBS Group reduced their target price on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $190.40.

About NVIDIA

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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Banque Pictet & Cie SA Purchases 3480 Shares of NVIDIA Co. (NASDAQ:NVDA)

Banque Pictet & Cie SA raised its position in NVIDIA Co. (NASDAQ:NVDA) by 74.5% in the 2nd quarter, according to its most recent Form 13F filing …

NVIDIA logoBanque Pictet & Cie SA raised its position in NVIDIA Co. (NASDAQ:NVDA) by 74.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,150 shares of the computer hardware maker’s stock after purchasing an additional 3,480 shares during the period. Banque Pictet & Cie SA’s holdings in NVIDIA were worth $1,339,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of NVDA. Comerica Securities Inc. increased its position in NVIDIA by 95.7% in the 4th quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock valued at $381,000 after acquiring an additional 1,395 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in NVIDIA in the 1st quarter valued at about $1,699,000. Great Valley Advisor Group Inc. increased its position in NVIDIA by 5.9% in the 1st quarter. Great Valley Advisor Group Inc. now owns 6,138 shares of the computer hardware maker’s stock valued at $1,102,000 after acquiring an additional 341 shares during the period. MONECO Advisors LLC acquired a new position in NVIDIA during the 1st quarter worth approximately $232,000. Finally, Enterprise Financial Services Corp increased its position in NVIDIA by 61.6% during the 1st quarter. Enterprise Financial Services Corp now owns 451 shares of the computer hardware maker’s stock worth $81,000 after purchasing an additional 172 shares during the period. 66.93% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Persis Drell sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $167.36, for a total value of $418,400.00. Following the sale, the director now owns 18,184 shares of the company’s stock, valued at approximately $3,043,274.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dawn E. Hudson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the sale, the director now directly owns 36,037 shares in the company, valued at approximately $6,188,634.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,236 shares of company stock worth $16,570,776. 4.64% of the stock is owned by corporate insiders.

NVDA opened at $161.80 on Wednesday. The stock has a market cap of $98.54 billion, a P/E ratio of 26.66, a P/E/G ratio of 4.16 and a beta of 2.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74. The stock’s 50 day simple moving average is $164.31 and its 200 day simple moving average is $164.14. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.55 billion. During the same quarter in the prior year, the company earned $1.94 EPS. NVIDIA’s revenue was down 17.4% on a year-over-year basis. Research analysts expect that NVIDIA Co. will post 4.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, August 28th. NVIDIA’s payout ratio is currently 10.54%.

Several equities analysts have issued reports on the company. Piper Jaffray Companies set a $200.00 target price on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Oppenheimer set a $190.00 target price on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Bank of America reiterated a “buy” rating on shares of NVIDIA in a research report on Tuesday, August 20th. BidaskClub upgraded NVIDIA from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Wedbush set a $184.00 target price on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. NVIDIA has a consensus rating of “Buy” and a consensus target price of $190.40.

NVIDIA Company Profile

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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CIBC Asset Management Inc Acquires 1831 Shares of NVIDIA Co. (NASDAQ:NVDA)

CIBC Asset Management Inc raised its position in NVIDIA Co. (NASDAQ:NVDA) by 2.2% during the second quarter, according to its most recent filing …

NVIDIA logoCIBC Asset Management Inc raised its position in NVIDIA Co. (NASDAQ:NVDA) by 2.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 83,702 shares of the computer hardware maker’s stock after purchasing an additional 1,831 shares during the period. CIBC Asset Management Inc’s holdings in NVIDIA were worth $13,746,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Thor Advisors LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at $29,000. Harvest Group Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at $30,000. Field & Main Bank bought a new stake in shares of NVIDIA in the 2nd quarter valued at $33,000. Sound Income Strategies LLC increased its stake in shares of NVIDIA by 96.2% in the 2nd quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of NVIDIA by 181.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock valued at $35,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 66.93% of the company’s stock.

In other news, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $164.01, for a total transaction of $366,726.36. Following the completion of the transaction, the chief financial officer now directly owns 239,710 shares in the company, valued at $39,314,837.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the completion of the sale, the director now owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The disclosure for this sale can be found here. Insiders have sold 112,236 shares of company stock valued at $16,570,776 over the last 90 days. Corporate insiders own 4.64% of the company’s stock.

A number of brokerages have commented on NVDA. SunTrust Banks set a $210.00 price target on shares of NVIDIA and gave the company a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets restated a “market perform” rating and set a $145.00 price target on shares of NVIDIA in a research note on Friday, August 16th. Daiwa Capital Markets set a $200.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Susquehanna Bancshares set a $190.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Barclays decreased their price target on NVIDIA from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $190.40.

NVIDIA stock traded up $0.50 on Wednesday, hitting $162.30. 3,598,780 shares of the stock traded hands, compared to its average volume of 11,049,089. 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 firm has a market cap of $98.93 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 4.16 and a beta of 2.07. The business’s fifty day simple moving average is $164.31 and its 200 day simple moving average is $164.14. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, beating the consensus estimate of $0.87 by $0.37. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The company’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share. As a group, analysts predict that NVIDIA Co. will post 4.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.39%. NVIDIA’s payout ratio is presently 10.54%.

NVIDIA Company Profile

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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YouTube algorithms mistake sparring robots for animal cruelty, gamers snooped on via Xbox AI …

The third largest GPT-2 model is out: Remember OpenAI’s gigantic language model that was deemed too dangerous to release? Well, six months later …

Roundup Let’s kick off this week – a four-day week for the UK – with some recent AI-related news beyond what we’ve already covered.

Don’t watch robots fighting with other bots, because it’s, er, cruel? YouTube temporarily removed videos of robots engaged in battle after its algorithms bizarrely classified the footage as animal-cruelty material.

Under YouTube’s community guidelines, content that shows “unnecessary suffering or harm deliberately causing an animal distress,” or scenes where “animals are encouraged or coerced to fight by humans,” are not allowed on the video-sharing platform. That’s all fine and dandy, however, in the videos YouTube recently removed, there were no animals, only machines.

YouTubers such as Maker’s Muse blamed the kerfuffle on the web giant’s algorithms, as first reported by Vice. Engineers participating in Battlebots, a robot-fighting American TV show, had their videos removed. Some of the titles of their videos did contain names of animals, they noted.

Youtube Video

The videos have since been restored after YouTube admitted it had wrongly flagged them down.

In other news, 210 accounts were removed for spewing Chinese propaganda amid political protests in Hong Kong. This comes after Twitter discovered and removed 936 accounts made in China that they believe are also part of the Chinese government’s attempt to “sow political discord in Hong Kong.”

The third largest GPT-2 model is out: Remember OpenAI’s gigantic language model that was deemed too dangerous to release? Well, six months later, the organization has just published another GPT-2 model, this one with 774 million parameters – that’s fewer than the full version with more than one billion parameters.

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The 774m model has been shared with four American universities so far. OpenAI is collaborating with Cornell University to study how humans can be fooled by machine-generated text; the Middlebury Institute of International Studies is exploring how GPT-2 can misused by terrorists online; the University of Oregon is studying biases within the system; and the University of Texas at Austin is analyzing how the model behaves when trained using specific datasets and in different languages.

The model is wrapped up in a legal agreement that forbids boffins from sub-licensing the technology. They also aren’t allowed to sell, lend, rent, lease, transfer, or grant any rights in or to all or any portion of the GPT-2 to anyone else, and nor can they use it for commercial purposes. Any GPT-2 research that a licensee wants to publish will be reviewed by OpenAI beforehand, too.

Meanwhile, if you want a version that contains about 1.5 billion parameters, look no further than a pair of engineers who have attempted to replicate OpenAI’s largest model and have published their code online. The only downside, however, is that to use it, you’ll need about $50,000 to pay for the cloud compute, say, needed to train it.

You don’t need to waste all your money on an army of GPUs: A British deep-learning outfit has managed to train a popular computer vision model on the CIFAR-10 image dataset in just 26 seconds using just one graphics accelerator. AI engineers are constantly looking for ways to speed up the training process. The easiest way to do this, is to just throw more hardware at the problem. However, that’s expensive, so some opt for cheaper software tricks.

Myrtle.ai, an outfit based in Cambridge, has opted for the latter strategy. This month, chief scientist David Page claimed his biz achieved a time of one minute and 15 seconds when training a nine-layer ResNet model on the CIFAR-10 model using a single Nvidia V100 GPU.

When Page’s results were compared to other groups, who also had a crack at whizzing through CIFAR-10 as part of the DAWNBench competition, Myrtle.ai made it to sixth place. Not too bad, considering that most of the submissions use multiple GPUs. Since that November 2018 submission, however, Myrtle.ai has managed to cut that time to just 26 seconds, apparently. The trick is to employ techniques that minimize the time spent shuttling data and instructions to and from the GPU and CPU during training.

Microsoft’s Cortana was listening to you when you play Xbox: Here’s yet another reminder that when technology giants say their AI-powered voice-controlled smart assistants are listening to you, they mean human handlers are listening to you as well as software.

Just like Apple, Amazon, Facebook, and others, Microsoft offers a virtual helper that is always listening to you, waiting for a wake word to activate and take orders – in Redmond’s case, it’s Cortana and it exists in various forms and systems, from Windows 10 laptops to Xbox One consoles.

Contractors employed by Microsoft were, up until very recently, transcribing audio clips collected by Cortana from the gaming boxes: whenever the on-board software needed help in understanding voices picked up around it, snippets would be passed to human freelancers to transcribe and feed into the system to improve it. Those recordings can, obviously, feature private conversations and intimate moments; just use your imagination.

In fact, these contractors have been listening to gamers even before the console family gained the voice-activated Cortana, according to Motherboard. Some began working as early as 2014, where voice commands could be recorded by the Kinect system.

“We’ve long been clear that we collect voice data to improve voice-enabled services and that this data is sometimes reviewed by vendors. We’ve recently updated our privacy statement to add greater clarity that people sometimes review this data as part of the product improvement process,” a Microsoft spokesperson told The Register.

Indeed, Microsoft updated its privacy policy earlier this month, after it emerged Skype and Cortana were passing audio clips to humans from desktop PCs, in an attempt to explain the situation. “We combine data we collect from different contexts (for example, from your use of two Microsoft products) or obtain from third parties to give you a more seamless, consistent and personalised experience, to make informed business decisions and for other legitimate purposes,” the US titan said.

Microsoft still, to the best of our knowledge, does not explicitly state that it is recording your audio and passing it to actual humans to review. This is because, we reckon, if people, politicians, and regulators discovered tech giants were actively bugging everyone’s homes, everyone would freak out.

The Redmond spokesperson also said the biz “stopped reviewing any voice content taken through Xbox for product improvement purposes a number of months ago, as we no longer felt it was necessary, and we have no plans to re-start those reviews. We occasionally review a low volume of voice recordings sent from one Xbox user to another when there are reports that a recording violated our terms of service and we need to investigate. This is done to keep the Xbox community safe and is clearly stated in our Xbox terms of service.” ®

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Lincoln National Corp Has $686000 Position in NVIDIA Co. (NASDAQ:NVDA)

Lincoln National Corp grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.8% during the 2nd quarter, HoldingsChannel reports. The firm owned …

NVIDIA logoLincoln National Corp grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,173 shares of the computer hardware maker’s stock after acquiring an additional 74 shares during the quarter. Lincoln National Corp’s holdings in NVIDIA were worth $686,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NVDA. Thor Advisors LLC acquired a new stake in shares of NVIDIA in the first quarter valued at about $29,000. Harvest Group Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at about $30,000. Field & Main Bank acquired a new stake in shares of NVIDIA in the second quarter valued at about $33,000. Sound Income Strategies LLC grew its position in shares of NVIDIA by 96.2% in the second quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Finally, Ruggie Capital Group acquired a new stake in NVIDIA during the second quarter worth about $35,000. 66.93% of the stock is currently owned by institutional investors.

In other news, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $145.10, for a total value of $14,510,000.00. Following the completion of the transaction, the director now owns 32,983 shares in the company, valued at $4,785,833.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $167.36, for a total transaction of $418,400.00. Following the completion of the transaction, the director now owns 18,184 shares of the company’s stock, valued at approximately $3,043,274.24. The disclosure for this sale can be found here. Insiders sold 107,236 shares of company stock valued at $15,712,126 in the last quarter. 4.64% of the stock is currently owned by corporate insiders.

NVDA traded down $9.04 during midday trading on Friday, reaching $162.44. 12,836,836 shares of the company’s stock were exchanged, compared to its average volume of 10,680,078. The firm has a market capitalization of $104.43 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 4.40 and a beta of 2.07. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The business has a 50-day simple moving average of $164.03 and a two-hundred day simple moving average of $163.88.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.37. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. As a group, research analysts anticipate that NVIDIA Co. will post 4.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, August 28th. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.

A number of equities research analysts recently weighed in on NVDA shares. BidaskClub raised NVIDIA from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America reissued a “buy” rating on shares of NVIDIA in a research report on Tuesday, August 20th. ValuEngine raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. set a $200.00 target price on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $180.00 target price on shares of NVIDIA in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $190.40.

About NVIDIA

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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