Daiwa Securities Group Inc. Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Daiwa Securities Group Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 19.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,808,324 shares of the computer hardware maker’s stock after purchasing an additional 940,901 shares during the quarter. NVIDIA comprises 3.3% of Daiwa Securities Group Inc.’s holdings, making the stock its 6th biggest position. Daiwa Securities Group Inc.’s holdings in NVIDIA were worth $705,363,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lantz Financial LLC lifted its stake in NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after acquiring an additional 36,774 shares during the last quarter. Ironwood Wealth Management LLC. lifted its stake in NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after acquiring an additional 5,695 shares during the last quarter. DT Investment Partners LLC lifted its stake in NVIDIA by 981.9% in the second quarter. DT Investment Partners LLC now owns 25,230 shares of the computer hardware maker’s stock valued at $3,117,000 after acquiring an additional 22,898 shares during the last quarter. Arcus Capital Partners LLC lifted its stake in NVIDIA by 764.2% in the second quarter. Arcus Capital Partners LLC now owns 12,496 shares of the computer hardware maker’s stock valued at $1,544,000 after acquiring an additional 11,050 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in NVIDIA by 877.8% in the second quarter. Louisiana State Employees Retirement System now owns 2,148,200 shares of the computer hardware maker’s stock valued at $265,389,000 after acquiring an additional 1,928,500 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 3.0 %

NASDAQ NVDA opened at $135.91 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $3.33 trillion, a PE ratio of 53.49, a PEG ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a 1 year low of $53.56 and a 1 year high of $153.13. The business’s 50-day moving average is $139.90 and its 200 day moving average is $128.66.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the previous year, the firm posted $0.38 EPS. The business’s revenue was up 93.6% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

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 of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last three months. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. UBS Group upped their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Morgan Stanley upped their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Mizuho upped their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Melius Research upped 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. Four investment 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 stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $164.63.

NVIDIA 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.