Mizuho Securities Co. Ltd. Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Mizuho Securities Co. Ltd. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,610 shares of the computer hardware maker’s stock after purchasing an additional 4,760 shares during the period. NVIDIA comprises about 13.3% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its biggest position. Mizuho Securities Co. Ltd.’s holdings in NVIDIA were worth $5,417,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of NVDA. Schrum Private Wealth Management LLC lifted its holdings in NVIDIA by 89.0% during the third quarter. Schrum Private Wealth Management LLC now owns 10,344 shares of the computer hardware maker’s stock valued at $1,256,000 after purchasing an additional 4,872 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its holdings in NVIDIA by 18.5% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 123,981 shares of the computer hardware maker’s stock worth $15,056,000 after buying an additional 19,362 shares during the period. Credit Capital Investments LLC bought a new position in NVIDIA in the 3rd quarter worth $364,000. Cornerstone Planning Group LLC raised its holdings in NVIDIA by 2.3% during the third quarter. Cornerstone Planning Group LLC now owns 9,029 shares of the computer hardware maker’s stock valued at $1,096,000 after acquiring an additional 207 shares during the period. Finally, Pinnacle Financial Partners Inc lifted its position in shares of NVIDIA by 5.8% in the third quarter. Pinnacle Financial Partners Inc now owns 450,064 shares of the computer hardware maker’s stock valued at $54,656,000 after acquiring an additional 24,647 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 2.1 %

NASDAQ:NVDA opened at $137.01 on Monday. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $139.97 and a 200-day simple moving average of $127.97.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. Analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America reiterated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Citigroup lifted their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird upped their target price on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Melius Research raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Wedbush boosted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $164.15.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 125,000 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total transaction 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 approximately $1,012,159,895.37. This represents a 1.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,351,886 shares of company stock valued at $176,825,650 over the last quarter. 4.23% of the stock is owned by corporate insiders.

About NVIDIA

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.