Daiwa SB Investments Ltd. Has $938,000 Holdings in NVIDIA Corporation (NVDA)
Daiwa SB Investments Ltd. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 26.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,850 shares of the computer hardware maker’s stock after selling 1,780 shares during the period. Daiwa SB Investments Ltd.’s holdings in NVIDIA were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the business. North Star Investment Management Corp. boosted its stake in shares of NVIDIA by 67.3% in the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after purchasing an additional 255 shares in the last quarter. Country Trust Bank boosted its stake in shares of NVIDIA by 490.0% in the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after purchasing an additional 490 shares in the last quarter. Grassi Investment Management boosted its stake in shares of NVIDIA by 1.4% in the 4th quarter. Grassi Investment Management now owns 78,615 shares of the computer hardware maker’s stock valued at $15,212,000 after purchasing an additional 1,075 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of NVIDIA by 4.5% in 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. Finally, DnB Asset Management AS boosted its stake in shares of NVIDIA by 8.3% in the 4th quarter. DnB Asset Management AS now owns 75,858 shares of the computer hardware maker’s stock valued at $14,679,000 after purchasing an additional 5,800 shares in the last quarter. 63.41% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on NVDA shares. Mizuho restated a “buy” rating and issued a $225.00 target price on shares of NVIDIA in a research note on Tuesday, November 28th. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $196.86 price target on the stock in a research report on Tuesday, October 10th. Goldman Sachs Group upped their price target on shares of NVIDIA from $193.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. B. Riley upped their price target on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of NVIDIA in a research report on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $192.04.
NVIDIA Corporation (NASDAQ NVDA) opened at $222.76 on Friday. The firm has a market cap of $134,990.00, a P/E ratio of 55.69, a PEG ratio of 5.22 and a beta of 1.18. NVIDIA Corporation has a 52 week low of $95.17 and a 52 week high of $226.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. equities research analysts predict that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio is presently 15.00%.
In other news, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction that occurred on 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 sale, the director now owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dawn E. Hudson sold 15,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the completion of the sale, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. 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. 5.82% of the stock is currently owned by insiders.
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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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