Pegasus Partners Ltd. Has $1.733 Million Stake in NVIDIA Co. (NVDA)

Posted May 19, 2017

(NASDAQ:NVDA) traded up 1.10% during midday trading on Friday, hitting $127.89.

Hedge funds have recently made changes to their positions in the company.

What happened to make NVIDIA Corp share price rise? Roth Capital restated a "neutral" rating on shares of NVIDIA in a research note on Wednesday.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, NVDA earned gross profit of 2.6 Billion, in 2015 2.81 Billion gross profit, while in 2016 NVIDIA Corporation (NVDA) produced 4.06 Billion profit. The firm owned 1,293,953 shares of the computer hardware maker's stock after selling 96,597 shares during the period.

Among 35 analysts covering Nvidia Corporation (NASDAQ:NVDA), 18 have Buy rating, 5 Sell and 12 Hold. The stock has an average rating of "Hold" and a consensus price target of $102.05. Vetr downgraded shares of NVIDIA from a "strong-buy" rating to a "buy" rating and set a $124.39 price target on the a report on Monday, January 30th. Another trade for 19,265 shares valued at $2.02 million was sold by Shoquist Debora. The stock has a 50 day moving average of $104.39 and a 200-day moving average of $99.70. The company's market capitalization is $79.35 billion with the total outstanding shares of 585.00 million. The current share price indicates that stock is 3.84% away from its one year high and is moving 264.77% ahead of its 52-week low. SEAWELL A BROOKE sold $300,971 worth of NVIDIA Corporation (NASDAQ:NVDA) on Thursday, December 15. The computer hardware maker reported $0.82 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.66 by $0.16. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. The firm's revenue was up 48.7% compared to the same quarter a year ago. During the same quarter in the previous year, the company earned $0.46 EPS. Equities analysts predict that NVIDIA will post $3.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Amp Capital Investors reported 344,730 shares or 0.23% of all its holdings. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, May 19th.

Now the P/E of NVIDIA Corporation stands at 50.4. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & global copyright & trademark laws. The correct version of this article can be read at Earnings per share serves as an indicator of a company's profitability.

In related news, insider Jen Hsun Huang sold 41,670 shares of the business's stock in a transaction on Thursday, March 9th. On Wednesday, March 1 the insider Byron Michael sold $76,565. The disclosure for this sale can be found here.

The tech giant is also teaming up with automaker Toyota, it was announced that they would be making and incorporating Drive PX platform into the company's future self-driving automobiles. Norges Bank bought a new stake in shares of NVIDIA during the fourth quarter worth about $526,137,000. United Capital Financial Advisers LLC raised its stake in shares of NVIDIA by 9.5% in the first quarter. Baillie Gifford & Co. now owns 14,140,920 shares of the computer hardware maker's stock valued at $1,509,402,000 after buying an additional 3,795,368 shares during the period. Jennison Associates LLC boosted its stake in shares of NVIDIA by 36.6% in the third quarter. Over the past 2 quarters, the stock is up 39.22%, compared with a gain of almost 16.26% for 3 months and about 8.70% for the past 30 days. Wellington Management Group LLP raised its stake in shares of NVIDIA by 499.0% in the first quarter. Its last month's stock price volatility remained 4.82% which for the week approaches 5.25%. Ameritas Inv Ptnrs holds 0.01% of its portfolio in Columbia Banking System Inc (NASDAQ:COLB) for 5,015 shares. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker's stock worth $4,093,612,000 after buying an additional 2,597,209 shares during the last quarter. Fort Point Capital Ltd Company invested 1.04% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA).

Nvidia Corporation focuses on personal computer graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company's operates through two segments: GPU and Tegra Processor.