Norinchukin Bank The Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Norinchukin Bank The raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,146,061 shares of the computer hardware maker’s stock after acquiring an additional 80,753 shares during the quarter. NVIDIA comprises 3.3% of Norinchukin Bank The’s portfolio, making the stock its 6th largest position. Norinchukin Bank The’s holdings in NVIDIA were worth $153,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. FMR LLC raised its holdings in shares of NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker’s stock worth $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Geode Capital Management LLC raised its holdings in shares of NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares during the period. Norges Bank acquired a new stake in shares of NVIDIA during the fourth quarter worth $43,515,504,000. Charles Schwab Investment Management Inc. raised its holdings in shares of NVIDIA by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker’s stock worth $20,315,409,000 after acquiring an additional 5,211,040 shares during the period. Finally, Capital World Investors raised its holdings in shares of NVIDIA by 6.5% during the fourth quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker’s stock worth $18,925,009,000 after acquiring an additional 8,555,411 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value 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 sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. 4.23% of the stock is owned by corporate insiders.

NVIDIA Trading Up 0.4%

Shares of NVDA opened at $135.40 on Friday. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The stock has a market cap of $3.31 trillion, a PE ratio of 53.29, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $112.33 and its 200-day moving average price is $127.06.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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 business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is 1.36%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NVDA shares. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Barclays cut their price objective on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a research report on Friday, April 25th. Finally, Mizuho dropped their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.84.

About NVIDIA

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.