Tokio Marine Asset Management Co. Ltd. Raises Position in NVIDIA Co. (NASDAQ:NVDA)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,124,343 shares of the computer hardware maker’s stock after buying an additional 9,310 shares during the quarter. NVIDIA accounts for about 6.0% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 2nd biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in NVIDIA were worth $136,540,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Lantz Financial LLC boosted its stake in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after acquiring an additional 36,774 shares in the last quarter. ERn Financial LLC grew its stake in shares of NVIDIA by 917.2% in the 2nd quarter. ERn Financial LLC now owns 45,589 shares of the computer hardware maker’s stock valued at $5,632,000 after buying an additional 41,107 shares during the period. Silver Lake Advisory LLC increased its position in NVIDIA by 2,765.4% in the 2nd quarter. Silver Lake Advisory LLC now owns 39,801 shares of the computer hardware maker’s stock valued at $4,917,000 after buying an additional 38,412 shares in the last quarter. Valley National Advisers Inc. raised its stake in NVIDIA by 952.0% during the 2nd quarter. Valley National Advisers Inc. now owns 49,171 shares of the computer hardware maker’s stock worth $6,074,000 after buying an additional 44,497 shares during the period. Finally, O ROURKE & COMPANY Inc boosted its holdings in NVIDIA by 953.8% in the second quarter. O ROURKE & COMPANY Inc now owns 6,439 shares of the computer hardware maker’s stock worth $795,000 after acquiring an additional 5,828 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $137.49 on Tuesday. NVIDIA Co. has a 52 week low of $47.32 and a 52 week 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 company’s 50-day moving average price is $139.84 and its two-hundred day moving average price is $128.03. The stock has a market cap of $3.37 trillion, a PE ratio of 54.11, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last announced its 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed 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 yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NVDA shares. UBS Group lifted their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Stifel Nicolaus lifted their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price objective on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Melius Research raised their target price on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Piper Sandler upped their price target on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $164.15.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 155,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the sale, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the company’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 completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,351,886 shares of company stock valued at $176,825,650. 4.23% of the stock is currently 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.