Global X MANAGEMENT CO LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3,440.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,007 shares of the computer hardware maker’s stock after acquiring an additional 266,267 shares during the period. NVIDIA Corporation accounts for approximately 1.3% of Global X MANAGEMENT CO LLC’s investment portfolio, making the stock its 7th biggest holding. Global X MANAGEMENT CO LLC’s holdings in NVIDIA Corporation were worth $48,984,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares during the period. Ameriprise Financial Inc. grew its stake in shares of NVIDIA Corporation by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after buying an additional 463,306 shares during the period. Janus Capital Management LLC grew its stake in shares of NVIDIA Corporation by 20.0% in the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after buying an additional 895,591 shares during the period. Renaissance Technologies LLC grew its stake in shares of NVIDIA Corporation by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of NVIDIA Corporation by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares during the period. Hedge funds and other institutional investors own 65.59% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $11.88 during midday trading on Friday, hitting $217.20. 17,778,769 shares of the company traded hands, compared to its average volume of 17,648,381. NVIDIA Corporation has a one year low of $78.50 and a one year high of $215.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.82 and a quick ratio of 6.99. The stock has a market capitalization of $128,880.00, a PE ratio of 58.75, a P/E/G ratio of 5.17 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. equities analysts anticipate that NVIDIA Corporation will post 3.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s dividend payout ratio is 16.05%.
NVDA has been the subject of several research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA Corporation in a research note on Thursday, July 13th. Canaccord Genuity restated a “buy” rating and issued a $155.00 target price on shares of NVIDIA Corporation in a research note on Monday, July 17th. Mizuho restated a “buy” rating and issued a $170.00 target price on shares of NVIDIA Corporation in a research note on Friday, July 21st. Summit Redstone restated a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, July 22nd. Finally, BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. NVIDIA Corporation currently has a consensus rating of “Hold” and an average price target of $179.43.
In other NVIDIA Corporation news, insider Michael Byron sold 409 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $171.01, for a total value of $69,943.09. Following the sale, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jen Hsun Huang sold 110,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 452,784 shares of company stock worth $81,437,724. Corporate insiders own 5.82% of the company’s stock.
About NVIDIA Corporation
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.
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