FUKOKU MUTUAL LIFE INSURANCE Co Sells 4,472 Shares of NVIDIA Co. (NASDAQ:NVDA)

FUKOKU MUTUAL LIFE INSURANCE Co decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,368 shares of the computer hardware maker’s stock after selling 4,472 shares during the quarter. NVIDIA comprises about 1.8% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 21st biggest holding. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in NVIDIA were worth $24,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC increased its holdings in shares of NVIDIA by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 442,256 shares of the computer hardware maker’s stock worth $53,708,000 after acquiring an additional 8,136 shares during the last quarter. Sycomore Asset Management increased its holdings in shares of NVIDIA by 57.7% in the third quarter. Sycomore Asset Management now owns 497,975 shares of the computer hardware maker’s stock valued at $61,769,000 after purchasing an additional 182,165 shares during the last quarter. ING Groep NV raised its position in shares of NVIDIA by 27.1% in the third quarter. ING Groep NV now owns 11,761,400 shares of the computer hardware maker’s stock valued at $1,428,304,000 after purchasing an additional 2,507,608 shares during the period. Sargent Investment Group LLC boosted its holdings in shares of NVIDIA by 18.1% during the 3rd quarter. Sargent Investment Group LLC now owns 46,875 shares of the computer hardware maker’s stock worth $5,692,000 after buying an additional 7,170 shares during the period. Finally, Omnia Family Wealth LLC boosted its holdings in shares of NVIDIA by 15.7% during the third quarter. Omnia Family Wealth LLC now owns 23,269 shares of the computer hardware maker’s stock worth $2,826,000 after acquiring an additional 3,164 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the firm’s 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 of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,351,886 shares of company stock valued at $176,825,650. Company insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Melius Research lifted their price target on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark lifted their price target on shares of NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Stifel Nicolaus increased their price target on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI boosted their price target on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Monday, November 18th. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Trading Down 2.3 %

NASDAQ:NVDA opened at $134.29 on Wednesday. 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 $3.29 trillion, a P/E ratio of 52.85, a P/E/G ratio of 2.43 and a beta of 1.63. The firm’s fifty day moving average is $139.66 and its 200-day moving average is $128.04. NVIDIA Co. has a 52 week low of $47.32 and a 52 week high of $152.89.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for 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 company’s revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. Equities analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

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.