HWG Holdings LP boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2,142.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,467 shares of the computer hardware maker’s stock after purchasing an additional 7,134 shares during the quarter. NVIDIA comprises 1.0% of HWG Holdings LP’s holdings, making the stock its 27th biggest position. HWG Holdings LP’s holdings in NVIDIA were worth $1,335,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in NVDA. Cibc World Markets Corp increased its stake in shares of NVIDIA by 12.1% in the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after acquiring an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its position in shares of NVIDIA by 9.9% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after purchasing an additional 1,000 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of NVIDIA by 17.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after purchasing an additional 2,836 shares during the period. Girard Partners LTD. grew its position in shares of NVIDIA by 7.7% in the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock valued at $448,000 after purchasing an additional 221 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of NVIDIA by 160.9% in the 3rd 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. 63.51% of the stock is owned by hedge funds and other institutional investors.
In other news, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 315,175 shares of company stock worth $59,428,079. Company insiders own 5.82% of the company’s stock.
Several brokerages recently issued reports on NVDA. SunTrust Banks boosted their price objective on NVIDIA to $253.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price objective on shares of NVIDIA in a research report on Friday, November 10th. Bank of America boosted their price objective on NVIDIA from $210.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Barclays boosted their price objective on NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, Raymond James Financial boosted their price objective on NVIDIA and gave the company an “outperform” rating in a research report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $187.38.
Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at $189.26 on Thursday. NVIDIA Corporation has a 12 month low of $87.54 and a 12 month high of $218.67. The stock has a market capitalization of $113,770.45, a P/E ratio of 46.24, a PEG ratio of 4.00 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. research analysts forecast that NVIDIA Corporation will post 4.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio is currently 14.89%.
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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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