NVIDIA Co. (NASDAQ:NVDA) is Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s 7th Largest Position

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 9.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,478,265 shares of the computer hardware maker’s stock after purchasing an additional 126,593 shares during the quarter. NVIDIA accounts for about 1.6% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 7th biggest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in NVIDIA were worth $403,359,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NVDA. Norges Bank bought a new position in NVIDIA in the fourth quarter worth approximately $6,279,217,000. BlackRock Inc. raised its stake in NVIDIA by 2.1% in the fourth quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after buying an additional 3,591,440 shares in the last quarter. Fisher Asset Management LLC raised its stake in NVIDIA by 43.3% in the first quarter. Fisher Asset Management LLC now owns 7,328,372 shares of the computer hardware maker’s stock worth $1,999,620,000 after buying an additional 2,212,941 shares in the last quarter. TD Asset Management Inc. raised its stake in NVIDIA by 56.5% in the fourth quarter. TD Asset Management Inc. now owns 5,846,984 shares of the computer hardware maker’s stock worth $1,719,657,000 after buying an additional 2,111,668 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in shares of NVIDIA by 732.5% during the fourth quarter. Cibc World Markets Corp now owns 1,989,809 shares of the computer hardware maker’s stock worth $585,223,000 after purchasing an additional 1,750,783 shares in the last quarter. Institutional investors own 55.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial reduced their price target on NVIDIA to $283.00 in a research report on Thursday, May 26th. Wells Fargo & Company reduced their price target on NVIDIA from $370.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Deutsche Bank Aktiengesellschaft reduced their price target on NVIDIA from $190.00 to $175.00 in a research report on Wednesday, July 20th. Robert W. Baird reduced their price target on NVIDIA from $165.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Finally, UBS Group reduced their price target on NVIDIA from $350.00 to $280.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.24.

NVIDIA Price Performance

NASDAQ:NVDA opened at $189.89 on Friday. The firm’s fifty day moving average is $169.18 and its two-hundred day moving average is $205.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. NVIDIA Co. has a one year low of $140.55 and a one year high of $346.47. The firm has a market cap of $474.73 billion, a price-to-earnings ratio of 50.91, a PEG ratio of 2.95 and a beta of 1.65.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.09. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 46.4% on a year-over-year basis. Research analysts expect that NVIDIA Co. will post 4.48 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.08%. The ex-dividend date was Wednesday, June 8th. NVIDIA’s payout ratio is currently 4.29%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the sale, the director now directly owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Debora Shoquist sold 23,644 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the completion of the transaction, the executive vice president now owns 186,476 shares in the company, valued at approximately $35,100,377.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 113,850 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the sale, the director now owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The disclosure for this sale can be found here. Insiders have sold a total of 139,694 shares of company stock valued at $22,850,524 in the last ninety days. 4.04% of the stock is currently owned by corporate insiders.

NVIDIA Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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