Mitsubishi UFJ Asset Management Co. Ltd. Has $4.90 Billion Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in NVIDIA by 11.9% in the first quarter, owning approximately 45.17 million shares valued at about $4.9 billion, making it NVIDIA's third-largest shareholder.
• Analyst ratings for NVIDIA include multiple reports of "overweight" ratings with target prices raised, including Barclays increasing their target from $170.00 to $200.00 and Bank of America raising it from $220.00 to $235.00.
• NVIDIA's recent earnings report showed an EPS of $1.05, exceeding estimates, with quarterly revenue hitting $46.74 billion, a year-over-year increase of 55.6%.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,171,415 shares of the computer hardware maker's stock after buying an additional 4,789,753 shares during the quarter. NVIDIA makes up about 4.5% of Mitsubishi UFJ Asset Management Co. Ltd.'s investment portfolio, making the stock its 3rd largest position. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of NVIDIA worth $4,895,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Astoria Portfolio Advisors LLC. raised its position in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group raised its position in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC raised its position in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC raised its position in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc raised its position in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several analyst reports. UBS Group lifted their price target on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. BNP Paribas upgraded NVIDIA to a "hold" rating in a report on Friday, August 1st. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Mizuho upped their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Finally, KeyCorp reiterated an "overweight" rating and issued a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $4.64 on Friday, hitting $167.02. The company's stock had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. The firm has a market capitalization of $4.06 trillion, a P/E ratio of 47.58, a price-to-earnings-growth ratio of 1.21 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The stock has a fifty day moving average of $172.73 and a two-hundred day moving average of $140.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the company earned $0.68 EPS. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Buying and Selling at NVIDIA

In other news, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the transaction, the director directly owned 368,887 shares of the company's stock, valued at $63,448,564. The trade was a 4.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the sale, the chief executive officer directly owned 72,698,366 shares of the company's stock, valued at $12,333,277,791.90. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,872,755 shares of company stock worth $764,283,330. 4.17% of the stock is currently owned by company insiders.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.