Azimuth Capital Investment Management LLC Invests $8.32 Million in Nintendo Co. $NTDOY

Key Points

• Azimuth Capital Investment Management LLC invested $8.32 million in Nintendo Co. by purchasing 492,432 shares during the first quarter.
• Nintendo's stock is currently valued at approximately $24.15, with a one-year high of $24.52 and a market cap of $125.45 billion.
• Analysts have raised Nintendo's rating to "strong-buy", with a consensus estimate for the company to post $0.44 earnings per share for the current fiscal year.

Azimuth Capital Investment Management LLC acquired a new stake in shares of Nintendo Co. (OTCMKTS:NTDOY - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 492,432 shares of the company's stock, valued at approximately $8,323,000.

Several other large investors have also made changes to their positions in NTDOY. GAMMA Investing LLC lifted its position in Nintendo by 2,029.9% during the first quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock valued at $4,735,000 after purchasing an additional 262,837 shares during the period. Sterling Capital Management LLC acquired a new stake in Nintendo during the 4th quarter worth about $605,000. Appleton Partners Inc. MA raised its stake in shares of Nintendo by 1.5% during the 1st quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock valued at $2,245,000 after buying an additional 1,969 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Nintendo by 192.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock valued at $31,000 after buying an additional 1,201 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Nintendo by 16.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock valued at $91,000 after buying an additional 749 shares during the period. 0.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup started coverage on Nintendo in a report on Friday, May 2nd. They set a "buy" rating on the stock. Benchmark upgraded Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. Finally, Wedbush raised shares of Nintendo to a "strong-buy" rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Nintendo Trading Down 3.5%

OTCMKTS:NTDOY traded down $0.85 during trading hours on Wednesday, reaching $23.29. 992,797 shares of the company were exchanged, compared to its average volume of 1,330,892. The firm has a market cap of $120.99 billion, a PE ratio of 55.45 and a beta of 0.64. Nintendo Co. has a twelve month low of $12.00 and a twelve month high of $24.92. The stock's 50-day moving average is $22.48 and its 200-day moving average is $20.08.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $448.24 billion. Nintendo had a net margin of 19.61% and a return on equity of 9.77%. Nintendo has set its FY 2026 guidance at 0.450-0.450 EPS. As a group, research analysts anticipate that Nintendo Co. will post 0.44 EPS for the current year.

Nintendo Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.