Nomura Asset Management Co. Ltd. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 524,818 shares of the computer hardware maker’s stock after selling 7,812 shares during the period. NVIDIA accounts for about 1.4% of Nomura Asset Management Co. Ltd.’s holdings, making the stock its 9th biggest holding. Nomura Asset Management Co. Ltd.’s holdings in NVIDIA were worth $147,484,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NVDA. FMR LLC raised its stake in NVIDIA by 3.5% in the 2nd quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock valued at $11,512,019,000 after purchasing an additional 1,656,748 shares during the last quarter. BlackRock Inc. raised its stake in NVIDIA by 1.2% in the 2nd quarter. BlackRock Inc. now owns 38,562,828 shares of the computer hardware maker’s stock valued at $9,135,533,000 after purchasing an additional 454,434 shares during the last quarter. Jennison Associates LLC raised its stake in NVIDIA by 18.8% in the 2nd quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock valued at $1,847,847,000 after purchasing an additional 1,234,191 shares during the last quarter. Edgewood Management LLC raised its stake in NVIDIA by 2.5% in the 2nd quarter. Edgewood Management LLC now owns 5,021,345 shares of the computer hardware maker’s stock valued at $1,189,557,000 after purchasing an additional 123,650 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in NVIDIA by 63.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,222,049 shares of the computer hardware maker’s stock valued at $1,000,199,000 after purchasing an additional 1,643,689 shares during the last quarter. Hedge funds and other institutional investors own 65.85% of the company’s stock.

Shares of NVDA opened at $197.31 on Tuesday. NVIDIA Co. has a 52-week low of $176.01 and a 52-week high of $292.76. The firm has a market capitalization of $125.05 billion, a price-to-earnings ratio of 42.25, a P/E/G ratio of 2.70 and a beta of 2.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.41 and a quick ratio of 6.66.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.28. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.11 billion. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The company’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. On average, sell-side analysts forecast that NVIDIA Co. will post 7.15 EPS for the current fiscal year.

Several research firms recently commented on NVDA. Susquehanna Bancshares raised NVIDIA from a “neutral” rating to a “positive” rating in a research note on Tuesday. UBS Group raised NVIDIA from a “neutral” rating to a “positive” rating in a research note on Tuesday. ValuEngine downgraded NVIDIA from a “hold” rating to a “sell” rating in a research note on Monday. Citigroup reduced their price objective on NVIDIA from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Monday. Finally, Morgan Stanley reduced their price objective on NVIDIA from $273.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $288.10.

In related news, insider Michael Byron sold 11,257 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $263.94, for a total transaction of $2,971,172.58. Following the completion of the sale, the insider now directly owns 81,414 shares of the company’s stock, valued at approximately $21,488,411.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 11,576 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the sale, the chief financial officer now directly owns 297,482 shares of the company’s stock, valued at $79,222,431.42. The disclosure for this sale can be found here. Insiders have sold a total of 113,707 shares of company stock valued at $32,347,973 over the last three months. Corporate insiders own 4.70% of the company’s stock.

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NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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