IBM Retirement Fund Has $2.84 Million Position in NVIDIA Co. (NVDA)

Share on StockTwits

IBM Retirement Fund lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,969 shares of the computer hardware maker’s stock after selling 1,612 shares during the quarter. IBM Retirement Fund’s holdings in NVIDIA were worth $2,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Grimes & Company Inc. grew its holdings in NVIDIA by 9.0% during the second quarter. Grimes & Company Inc. now owns 2,480 shares of the computer hardware maker’s stock valued at $588,000 after purchasing an additional 205 shares during the period. Charter Trust Co. grew its holdings in NVIDIA by 4.9% during the second quarter. Charter Trust Co. now owns 4,471 shares of the computer hardware maker’s stock valued at $1,059,000 after purchasing an additional 207 shares during the period. Concorde Asset Management LLC grew its holdings in NVIDIA by 16.3% during the second quarter. Concorde Asset Management LLC now owns 1,481 shares of the computer hardware maker’s stock valued at $351,000 after purchasing an additional 208 shares during the period. LVW Advisors LLC grew its holdings in NVIDIA by 11.7% during the second quarter. LVW Advisors LLC now owns 2,010 shares of the computer hardware maker’s stock valued at $476,000 after purchasing an additional 210 shares during the period. Finally, Amarillo National Bank grew its holdings in NVIDIA by 19.1% during the second quarter. Amarillo National Bank now owns 1,358 shares of the computer hardware maker’s stock valued at $322,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 65.68% of the company’s stock.

Shares of NVDA opened at $283.70 on Wednesday. The company has a quick ratio of 6.66, a current ratio of 7.41 and a debt-to-equity ratio of 0.23. NVIDIA Co. has a 12 month low of $162.71 and a 12 month high of $285.22. The firm has a market cap of $170.65 billion, a P/E ratio of 60.75, a price-to-earnings-growth ratio of 3.68 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.28. NVIDIA had a net margin of 36.21% and a return on equity of 54.18%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. equities research analysts predict that NVIDIA Co. will post 7.15 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Thursday, August 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.21%. The ex-dividend date is Wednesday, August 29th. NVIDIA’s dividend payout ratio (DPR) is currently 12.85%.

In other NVIDIA news, Director Mark A. Stevens sold 38,040 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $263.61, for a total transaction of $10,027,724.40. Following the sale, the director now directly owns 159,287 shares of the company’s stock, valued at $41,989,646.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 4,643 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $266.54, for a total transaction of $1,237,545.22. Following the sale, the executive vice president now directly owns 295,635 shares in the company, valued at $78,798,552.90. The disclosure for this sale can be found here. Insiders have sold 143,572 shares of company stock worth $35,705,312 over the last ninety days. Insiders own 4.70% of the company’s stock.

NVDA has been the subject of several research analyst reports. Cowen initiated coverage on shares of NVIDIA in a report on Thursday, May 17th. They issued an “outperform” rating and a $325.00 price target for the company. UBS Group upped their price target on shares of NVIDIA from $250.00 to $266.00 and gave the company a “neutral” rating in a report on Friday, May 11th. B. Riley upped their price target on shares of NVIDIA from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, May 11th. SunTrust Banks upped their price target on shares of NVIDIA to $316.00 and gave the company a “buy” rating in a report on Friday, May 11th. Finally, Stifel Nicolaus upped their price target on shares of NVIDIA from $220.00 to $243.00 and gave the company a “hold” rating in a report on Friday, May 11th. Eight research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and an average price target of $281.58.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

Read More: Stock Symbol

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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.

Leave a Reply