Dimensional Fund Advisors LP Decreases Position in NVIDIA Co. (NVDA)

Dimensional Fund Advisors LP trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,820,572 shares of the computer hardware maker’s stock after selling 2,588 shares during the period. Dimensional Fund Advisors LP owned about 0.30% of NVIDIA worth $511,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Polen Capital Management LLC purchased a new position in shares of NVIDIA during the 3rd quarter valued at about $703,155,000. SG Americas Securities LLC raised its holdings in shares of NVIDIA by 104.9% during the 3rd quarter. SG Americas Securities LLC now owns 105,055 shares of the computer hardware maker’s stock valued at $29,523,000 after buying an additional 2,227,433 shares in the last quarter. FMR LLC raised its holdings in shares of NVIDIA by 3.5% during the 2nd quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock valued at $11,512,019,000 after buying an additional 1,656,748 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of NVIDIA by 63.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,222,049 shares of the computer hardware maker’s stock valued at $1,000,199,000 after buying an additional 1,643,689 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of NVIDIA by 18.8% during the 2nd quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock valued at $1,847,847,000 after buying an additional 1,234,191 shares in the last quarter. 66.12% of the stock is currently owned by institutional investors.

Shares of NVDA stock opened at $145.00 on Monday. The company has a market capitalization of $88.45 billion, a PE ratio of 31.05, 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 debt-to-equity ratio of 0.21, a quick ratio of 6.20 and a current ratio of 7.08.

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

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

In related news, insider Michael Byron sold 11,257 shares of NVIDIA stock in a transaction that occurred on 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 sale, the insider now directly owns 81,414 shares in the company, valued at $21,488,411.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 90,831 shares of NVIDIA stock in a transaction that occurred on 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 sale, the executive vice president now owns 184,001 shares in the company, valued at $53,240,689.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,707 shares of company stock worth $32,347,973. Corporate insiders own 4.70% of the company’s stock.

A number of equities analysts have commented on the company. Argus reaffirmed a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a research note on Friday, October 12th. BidaskClub cut NVIDIA from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. SunTrust Banks decreased their price target on NVIDIA to $237.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Daiwa Capital Markets reaffirmed a “buy” rating on shares of NVIDIA in a research note on Monday, November 19th. Finally, BNP Paribas cut NVIDIA from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 20th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently 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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