NVIDIA Co. (NASDAQ:NVDA) is Rakuten Securities Inc.’s Largest Position

Rakuten Securities Inc. trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 39.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,645 shares of the computer hardware maker’s stock after selling 266,200 shares during the quarter. NVIDIA makes up 21.8% of Rakuten Securities Inc.’s investment portfolio, making the stock its largest position. Rakuten Securities Inc.’s holdings in NVIDIA were worth $50,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. WealthPlan Investment Management LLC raised its holdings in shares of NVIDIA by 97.6% during the third quarter. WealthPlan Investment Management LLC now owns 91,563 shares of the computer hardware maker’s stock valued at $11,119,000 after acquiring an additional 45,231 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of NVIDIA by 142.9% during the third quarter. GSA Capital Partners LLP now owns 52,598 shares of the computer hardware maker’s stock valued at $6,388,000 after purchasing an additional 30,940 shares in the last quarter. Harbour Investments Inc. raised its holdings in NVIDIA by 0.7% in the third quarter. Harbour Investments Inc. now owns 218,989 shares of the computer hardware maker’s stock worth $26,594,000 after purchasing an additional 1,523 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of NVIDIA by 10.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 996,650 shares of the computer hardware maker’s stock valued at $121,033,000 after buying an additional 91,591 shares in the last quarter. Finally, Vestia Personal Wealth Advisors grew its position in shares of NVIDIA by 38.8% in the 3rd quarter. Vestia Personal Wealth Advisors now owns 3,731 shares of the computer hardware maker’s stock worth $453,000 after buying an additional 1,042 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 125,000 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total value of $15,326,250.00. Following the completion of the sale, the director now owns 8,255,117 shares of the company’s stock, valued at $1,012,159,895.37. This trade represents a 1.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,351,886 shares of company stock worth $176,825,650. 4.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVDA. HSBC lifted their price target on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price target on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Bank of America reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Barclays upped their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Wedbush raised their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $137.01 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $3.36 trillion, a price-to-earnings ratio of 53.92, a P/E/G ratio of 2.43 and a beta of 1.64. The firm has a fifty day moving average price of $139.97 and a 200 day moving average price of $127.95. NVIDIA Co. has a fifty-two week low of $47.32 and a fifty-two week high of $152.89.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share. As a group, sell-side analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.