Rakuten Securities Inc. Has $49.34 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Rakuten Securities Inc. trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 367,383 shares of the computer hardware maker’s stock after selling 46,262 shares during the period. NVIDIA makes up approximately 19.4% of Rakuten Securities Inc.’s investment portfolio, making the stock its largest holding. Rakuten Securities Inc.’s holdings in NVIDIA were worth $49,336,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Avantax Advisory Services Inc. increased its stake in NVIDIA by 2.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,628,347 shares of the computer hardware maker’s stock valued at $218,671,000 after buying an additional 41,649 shares during the period. Essential Planning LLC. lifted its stake in shares of NVIDIA by 1,271.7% in the 4th quarter. Essential Planning LLC. now owns 90,177 shares of the computer hardware maker’s stock worth $12,300,000 after acquiring an additional 83,603 shares during the period. Forge First Asset Management Inc. boosted its holdings in shares of NVIDIA by 219.9% in the fourth quarter. Forge First Asset Management Inc. now owns 7,710 shares of the computer hardware maker’s stock valued at $1,035,000 after acquiring an additional 5,300 shares in the last quarter. Liberty Wealth Management LLC increased its stake in shares of NVIDIA by 5.2% during the fourth quarter. Liberty Wealth Management LLC now owns 98,532 shares of the computer hardware maker’s stock valued at $13,232,000 after acquiring an additional 4,862 shares during the period. Finally, Great Lakes Advisors LLC raised its holdings in NVIDIA by 4.7% during the fourth quarter. Great Lakes Advisors LLC now owns 1,262,357 shares of the computer hardware maker’s stock worth $169,522,000 after purchasing an additional 57,024 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVDA. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Barclays raised their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday. DA Davidson cut their price target on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday. Finally, Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.64.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 6.9 %

Shares of NVIDIA stock opened at $104.49 on Thursday. The stock has a 50-day simple moving average of $117.83 and a 200-day simple moving average of $130.03. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The firm has a market cap of $2.55 trillion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. On average, equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

NVIDIA 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.