Korea Investment CORP Has $114.05 Million Holdings in NVIDIA Co. (NVDA)

Korea Investment CORP reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 12.3% in the third quarter, Holdings Channel reports. The institutional investor owned 405,855 shares of the computer hardware maker’s stock after selling 56,801 shares during the period. Korea Investment CORP’s holdings in NVIDIA were worth $114,053,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kwmg LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at about $105,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of NVIDIA in the 3rd quarter valued at about $124,000. Almanack Investment Partners LLC. acquired a new stake in shares of NVIDIA in the 2nd quarter valued at about $127,000. Ropes Wealth Advisors LLC raised its stake 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 valued at $140,000 after purchasing an additional 500 shares in the last quarter. Finally, JFS Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the 3rd quarter valued at about $141,000. 66.12% of the stock is owned by institutional investors.

In other NVIDIA news, EVP Ajay K. Puri sold 90,831 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $289.35, for a total value of $26,281,949.85. Following the completion of the transaction, the executive vice president now owns 184,001 shares in the company, valued at approximately $53,240,689.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Byron sold 11,257 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $263.94, for a total transaction of $2,971,172.58. Following the completion of the transaction, the insider now owns 81,414 shares of the company’s stock, valued at approximately $21,488,411.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,707 shares of company stock valued at $32,347,973. 4.70% of the stock is owned by insiders.

NVDA opened at $145.00 on Friday. The stock has a market cap of $88.45 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.11 and a beta of 2.01. NVIDIA Co. has a fifty-two week low of $133.31 and a fifty-two week high of $292.76. The company has a current ratio of 7.08, a quick ratio of 6.20 and a debt-to-equity ratio of 0.21.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.06). The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. Sell-side analysts predict that NVIDIA Co. will post 6.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be paid a dividend of $0.16 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 29th. This represents a $0.64 annualized dividend and a yield of 0.44%. NVIDIA’s dividend payout ratio is 12.85%.

A number of brokerages have recently issued reports on NVDA. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 25th. Benchmark restated a “buy” rating and issued a $310.00 target price (up previously from $280.00) on shares of NVIDIA in a research note on Thursday, September 20th. Needham & Company LLC upped their target price on shares of NVIDIA from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 14th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Friday, October 5th. Finally, Evercore ISI upped their target price on shares of NVIDIA from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $261.28.

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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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