Nomura Asset Management Co. Ltd. Buys 1,004,352 Shares of NVIDIA Co. (NASDAQ:NVDA)

Nomura Asset Management Co. Ltd. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,361,735 shares of the computer hardware maker’s stock after acquiring an additional 1,004,352 shares during the period. NVIDIA comprises about 6.5% of Nomura Asset Management Co. Ltd.’s holdings, making the stock its biggest position. Nomura Asset Management Co. Ltd. owned about 0.07% of NVIDIA worth $2,108,409,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of NVIDIA during the 3rd quarter worth approximately $34,629,000. MML Investors Services LLC grew its holdings in NVIDIA by 4.7% during the 3rd quarter. MML Investors Services LLC now owns 3,229,190 shares of the computer hardware maker’s stock valued at $392,153,000 after buying an additional 145,064 shares during the last quarter. Montchanin Asset Management LLC increased its position in NVIDIA by 0.9% during the third quarter. Montchanin Asset Management LLC now owns 14,880 shares of the computer hardware maker’s stock worth $1,807,000 after buying an additional 130 shares in the last quarter. Pacific Center for Financial Services raised its holdings in shares of NVIDIA by 0.5% in the third quarter. Pacific Center for Financial Services now owns 19,175 shares of the computer hardware maker’s stock worth $2,329,000 after acquiring an additional 103 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of NVIDIA in the third quarter valued at $1,501,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were 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 represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. DA Davidson upped their price target on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Loop Capital restated a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a report on Wednesday, November 20th. Finally, TD Cowen lifted their target price on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.63.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $137.71 on Monday. NVIDIA Co. has a 52 week low of $56.11 and a 52 week high of $153.13. 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 market cap of $3.37 trillion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The company’s 50-day moving average price is $138.99 and its two-hundred day moving average price is $129.04.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.78 EPS 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 of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 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.