Alliancebernstein L.P. decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 22.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,992,364 shares of the computer hardware maker’s stock after selling 589,125 shares during the quarter. Alliancebernstein L.P. owned about 0.33% of NVIDIA Corporation worth $288,016,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in NVIDIA Corporation by 7.4% during the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after purchasing an additional 2,597,209 shares during the period. Edgewood Management LLC boosted its position in NVIDIA Corporation by 21.9% during the first quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after purchasing an additional 1,074,303 shares during the period. Janus Capital Management LLC boosted its position in NVIDIA Corporation by 20.0% during the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after purchasing an additional 895,591 shares during the period. Ameriprise Financial Inc. boosted its position in NVIDIA Corporation by 46.6% during the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after purchasing an additional 1,672,231 shares during the period. Finally, Wellington Management Group LLP boosted its position in NVIDIA Corporation by 499.0% during the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after purchasing an additional 3,419,701 shares during the period. 65.85% of the stock is owned by institutional investors and hedge funds.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 56.2% on a year-over-year basis. Analysts anticipate that NVIDIA Corporation will post $3.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
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In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $170.19, for a total value of $5,105,700.00. Following the transaction, the director now directly owns 16,507 shares in the company, valued at approximately $2,809,326.33. The transaction was disclosed in a document filed with the Securities Exchange Commission, which is accessible through the SEC website. Also, insider Jen Hsun Huang sold 110,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The disclosure for this sale can be found here. Insiders have sold 502,210 shares of company stock valued at $79,743,664 in the last three months. Corporate insiders own 5.82% of the company’s stock.
Several research firms have recently weighed in on NVDA. B. Riley reissued a “buy” rating and issued a $200.00 price objective (up from $135.00) on shares of NVIDIA Corporation in a research report on Monday, August 7th. Bank of America Corporation restated a “buy” rating on shares of NVIDIA Corporation in a research note on Monday, August 7th. BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $177.02 target price for the company. in a research note on Wednesday, August 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $152.00 price target on shares of NVIDIA Corporation in a report on Thursday, August 10th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $149.13.
Electronics for Imaging presently has a consensus target price of $51.00, suggesting a potential upside of 25.06%. As a group, “Computer Hardware” companies have a potential downside of 5.66%. Given Electronics for Imaging’s stronger consensus rating and higher probable upside, equities analysts clearly believe Electronics for Imaging is more favorable than its peers.
Valuation and Earnings
This table compares Electronics for Imaging and its peers revenue, earnings per share (EPS) and valuation.
Electronics for Imaging’s peers have higher revenue and earnings than Electronics for Imaging. Electronics for Imaging is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Institutional Insider Ownership
62.2% of shares of all “Computer Hardware” companies are owned by institutional investors. 1.9% of Electronics for Imaging shares are owned by insiders. Comparatively, 13.8% of shares of all “Computer Hardware” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
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Electronics for Imaging has a beta of 1.27, suggesting that its stock price is 27% more volatile than the SP 500. Comparatively, Electronics for Imaging’s peers have a beta of 1.28, suggesting that their average stock price is 28% more volatile than the SP 500.
This table compares Electronics for Imaging and its peers’ net margins, return on equity and return on assets.