Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Decreases Stake in NVIDIA Corporation (NVDA)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 32.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,438 shares of the computer hardware maker’s stock after selling 38,290 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in NVIDIA Corporation were worth $11,484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Wellington Management Group LLP boosted its position in shares of NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after buying an additional 3,419,701 shares during the period. Vanguard Group Inc. boosted its position in shares of NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock valued at $4,093,612,000 after buying an additional 2,597,209 shares during the period. Ameriprise Financial Inc. boosted its position in shares of NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares during the period. Winslow Capital Management LLC purchased a new position in shares of NVIDIA Corporation during the first quarter valued at approximately $126,231,000. Finally, WINTON GROUP Ltd boosted its position in shares of NVIDIA Corporation by 290.5% in the first quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock valued at $106,396,000 after buying an additional 1,155,115 shares during the period. 68.91% of the stock is owned by hedge funds and other institutional investors.

Shares of NVIDIA Corporation (NVDA) opened at 164.74 on Friday. The company has a 50-day moving average price of $159.56 and a 200-day moving average price of $127.02. The firm has a market cap of $98.02 billion, a price-to-earnings ratio of 55.30 and a beta of 1.24. NVIDIA Corporation has a 12 month low of $57.32 and a 12 month high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The company’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.

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NVDA has been the subject of several research reports. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 target price for the company in a research report on Monday, June 12th. Zacks Investment Research upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective for the company in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $130.00 price objective on shares of NVIDIA Corporation in a research note on Friday, April 14th. Canaccord Genuity reiterated a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, June 3rd. Finally, Mizuho reiterated a “buy” rating and set a $170.00 price objective (up from $145.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 28th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. NVIDIA Corporation presently has an average rating of “Hold” and a consensus price target of $139.79.

In other NVIDIA Corporation news, insider Michael Byron sold 25,507 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $137.09, for a total value of $3,496,754.63. Following the transaction, the insider now owns 162,706 shares in the company, valued at $22,305,365.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Persis Drell sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the transaction, the director now owns 24,652 shares in the company, valued at approximately $3,205,253.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 572,282 shares of company stock worth $86,830,082. Corporate insiders own 5.82% of the company’s stock.

NVIDIA Corporation Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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