Daiwa Securities Group Inc. Has $23.95 Million Stake in NVIDIA Co. (NVDA)
Daiwa Securities Group Inc. lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 31.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,783 shares of the computer hardware maker’s stock after acquiring an additional 29,304 shares during the period. Daiwa Securities Group Inc.’s holdings in NVIDIA were worth $23,951,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Ark Investment Management LLC raised its position in shares of NVIDIA by 79.5% in the second quarter. Ark Investment Management LLC now owns 126,769 shares of the computer hardware maker’s stock worth $18,326,000 after buying an additional 56,138 shares in the last quarter. AHL Partners LLP purchased a new stake in shares of NVIDIA in the second quarter worth $848,000. BB&T Investment Services Inc. purchased a new stake in shares of NVIDIA in the second quarter worth $241,000. Koch Industries Inc. raised its position in shares of NVIDIA by 4,042.8% in the second quarter. Koch Industries Inc. now owns 241,484 shares of the computer hardware maker’s stock worth $240,000 after buying an additional 235,655 shares in the last quarter. Finally, Covington Capital Management raised its position in shares of NVIDIA by 1.4% in the second quarter. Covington Capital Management now owns 11,260 shares of the computer hardware maker’s stock worth $1,628,000 after buying an additional 155 shares in the last quarter. 62.84% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Co. (NASDAQ:NVDA) opened at $232.08 on Friday. The company has a market capitalization of $150,050.00, a PE ratio of 48.05, a PEG ratio of 4.77 and a beta of 1.43. 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 Co. has a twelve month low of $95.17 and a twelve month high of $249.27.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. NVIDIA’s dividend payout ratio is currently 12.42%.
A number of brokerages recently issued reports on NVDA. Goldman Sachs Group downgraded NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective on the stock. in a research report on Thursday, February 1st. B. Riley increased their price objective on NVIDIA from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday. Vetr downgraded NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price objective on the stock. in a research report on Wednesday, January 3rd. BidaskClub downgraded NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Needham & Company LLC increased their price objective on NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $210.67.
In other news, Director Dawn E. Hudson sold 15,000 shares of NVIDIA stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $213.44, for a total value of $3,201,600.00. Following the transaction, the director now owns 46,868 shares in the company, valued at $10,003,505.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director A Brooke Seawell sold 1,029 shares of NVIDIA 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 in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,858 shares of company stock worth $4,227,384. Company 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.
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