Nomura Asset Management Co. Ltd. Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

Nomura Asset Management Co. Ltd. cut its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,200,404 shares of the computer hardware maker's stock after selling 161,331 shares during the period. NVIDIA accounts for about 6.9% of Nomura Asset Management Co. Ltd.'s investment portfolio, making the stock its biggest position. Nomura Asset Management Co. Ltd. owned approximately 0.07% of NVIDIA worth $2,309,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Tacita Capital Inc bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $46,000. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $2.69 during trading on Thursday, hitting $111.61. 234,728,400 shares of the company were exchanged, compared to its average volume of 301,570,144. The business's 50 day moving average is $111.47 and its 200-day moving average is $128.49. The company has a market capitalization of $2.72 trillion, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $83.20 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Truist Financial upped their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Finally, Rosenblatt Securities lowered their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $164.96.

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.