Asset Management One Co. Ltd. Has $171.05 Million Position in NVIDIA Corporation (NVDA)

Asset Management One Co. Ltd. increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 957,753 shares of the computer hardware maker’s stock after acquiring an additional 89,563 shares during the period. Asset Management One Co. Ltd. owned approximately 0.16% of NVIDIA worth $171,050,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of NVIDIA by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after acquiring an additional 2,676,976 shares during the period. Ameriprise Financial Inc. increased its stake in NVIDIA by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after buying an additional 463,306 shares during the period. Renaissance Technologies LLC increased its stake in NVIDIA by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares during the period. Janus Henderson Group PLC increased its stake in NVIDIA by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in NVIDIA by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after buying an additional 46,686 shares during the period. 63.51% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Corporation (NVDA) opened at $189.26 on Thursday. NVIDIA Corporation has a fifty-two week low of $87.54 and a fifty-two week high of $218.67. The company has a market cap of $113,770.45, a PE ratio of 46.24, a price-to-earnings-growth ratio of 4.00 and a beta of 1.18. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the consensus estimate of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. sell-side analysts predict that NVIDIA Corporation will post 4.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.32%. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 14.89%.

NVDA has been the topic of several research analyst reports. Vetr cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $177.02 target price on the stock. in a research note on Wednesday, August 9th. Rosenblatt Securities reissued a “buy” rating and set a $152.00 target price on shares of NVIDIA in a research note on Thursday, August 10th. BMO Capital Markets reissued an “underperform” rating and set a $85.00 target price on shares of NVIDIA in a research note on Thursday, August 10th. Citigroup reissued a “buy” rating and set a $180.00 target price on shares of NVIDIA in a research note on Thursday, August 10th. Finally, Jefferies Group reissued a “buy” rating and set a $180.00 target price on shares of NVIDIA in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $187.38.

In other NVIDIA news, insider Michael Byron sold 9,538 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $179.80, for a total value of $1,714,932.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 315,175 shares of company stock valued at $59,428,079. Corporate insiders own 5.82% of the company’s stock.

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NVIDIA 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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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