NVIDIA Co. (NVDA) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.3% in the fourth quarter, Holdings Channel reports. The fund owned 36,144 shares of the computer hardware maker’s stock after selling 1,226 shares during the quarter. NVIDIA comprises about 1.1% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 28th largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in NVIDIA were worth $6,994,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NVDA. Gofen & Glossberg LLC IL raised its position in NVIDIA by 0.6% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 16,077 shares of the computer hardware maker’s stock valued at $2,324,000 after purchasing an additional 100 shares in the last quarter. Quadrant Capital Group LLC raised its position in NVIDIA by 11.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,176 shares of the computer hardware maker’s stock valued at $153,000 after purchasing an additional 121 shares in the last quarter. Covington Capital Management raised its position in NVIDIA by 1.4% during the 2nd quarter. Covington Capital Management now owns 11,260 shares of the computer hardware maker’s stock valued at $1,628,000 after purchasing an additional 155 shares in the last quarter. Raymond James Trust N.A. raised its position in NVIDIA by 1.7% during the 4th quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock valued at $2,457,000 after purchasing an additional 217 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in NVIDIA by 4.5% during the 4th quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock valued at $1,060,000 after purchasing an additional 238 shares in the last quarter. 62.84% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the company. Goldman Sachs Group lowered NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price for the company. in a research report on Thursday, February 1st. Vetr lowered NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 target price for the company. in a research report on Wednesday, January 3rd. Bank of America set a $210.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Needham & Company LLC lifted their target price on NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $197.84.

Shares of NVIDIA Co. (NASDAQ:NVDA) opened at $228.80 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The firm has a market capitalization of $136,701.48, a PE ratio of 56.77, a price-to-earnings-growth ratio of 4.70 and a beta of 1.43. NVIDIA Co. has a one year low of $95.17 and a one year high of $249.27.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. equities research analysts forecast that NVIDIA Co. will post 4.2 earnings per share for the current year.

In other news, Director A Brooke Seawell sold 1,029 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of the transaction, the director now owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 171 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. In the last three months, insiders sold 19,858 shares of company stock valued at $4,227,384. Insiders own 5.82% of the company’s stock.

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NVIDIA 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 (NASDAQ:NVDA)

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