Twin Capital Management Inc. Boosts Holdings in NVIDIA Co. (NVDA)

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Twin Capital Management Inc. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 78,260 shares of the computer hardware maker’s stock after purchasing an additional 770 shares during the period. NVIDIA accounts for about 0.9% of Twin Capital Management Inc.’s portfolio, making the stock its 21st largest position. Twin Capital Management Inc.’s holdings in NVIDIA were worth $18,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Adirondack Trust Co. grew its position in shares of NVIDIA by 146.1% in the 1st quarter. Adirondack Trust Co. now owns 443 shares of the computer hardware maker’s stock worth $100,000 after buying an additional 263 shares during the last quarter. Kwmg LLC purchased a new position in shares of NVIDIA in the 2nd quarter worth approximately $105,000. Legacy Financial Advisors Inc. grew its position in shares of NVIDIA by 111.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 443 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 233 shares during the last quarter. Bruderman Asset Management LLC purchased a new position in shares of NVIDIA in the 1st quarter worth approximately $127,000. Finally, Ropes Wealth Advisors LLC grew its position in shares of NVIDIA by 561.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 589 shares of the computer hardware maker’s stock worth $140,000 after buying an additional 500 shares during the last quarter. 65.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ NVDA opened at $281.94 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 company has a market cap of $170.65 billion, a price-to-earnings ratio of 60.37, a price-to-earnings-growth ratio of 3.68 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, beating the 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 business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the business posted $1.01 EPS. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. equities research analysts forecast that NVIDIA Co. will post 7.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Thursday, August 30th will be paid 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 payout ratio is 12.85%.

A number of research analysts have recently issued reports on NVDA shares. UBS Group raised shares of NVIDIA from a “market perform” rating to an “outperform” rating in a research report on Friday, August 17th. SunTrust Banks lifted their price objective on shares of NVIDIA to $316.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. Oppenheimer raised shares of NVIDIA from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research report on Friday, August 17th. Citigroup lifted their target price on shares of NVIDIA from $300.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, May 11th. Finally, BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and an average target price of $281.58.

In other news, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $242.11, for a total transaction of $24,211,000.00. Following the completion of the transaction, the director now directly owns 31,725 shares of the company’s stock, valued at approximately $7,680,939.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 889 shares of NVIDIA stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $257.64, for a total transaction of $229,041.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,572 shares of company stock valued at $35,705,312. Company insiders own 4.70% of the company’s stock.

NVIDIA Profile

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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