NVIDIA Corporation $NVDA Position Boosted by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 32.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,127 shares of the computer hardware maker’s stock after acquiring an additional 60,558 shares during the quarter. NVIDIA makes up 2.5% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 8th biggest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in NVIDIA were worth $39,202,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NVDA. Center for Financial Planning Inc. increased its position in shares of NVIDIA by 4.6% during the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after purchasing an additional 367 shares during the last quarter. Atria Investments Inc boosted its stake in NVIDIA by 3.2% during the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after buying an additional 29,479 shares during the period. Fielder Capital Group LLC increased its position in NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after acquiring an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp increased its position in NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the last quarter. Finally, ORG Wealth Partners LLC raised its stake in shares of NVIDIA by 7.7% in the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after acquiring an additional 3,542 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on NVDA shares. President Capital upped their price target on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 28th. Citigroup upped their target price on NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Raymond James Financial set a $272.00 price target on NVIDIA and gave the stock a “strong-buy” rating in a research note on Thursday, November 20th. Rothschild & Co Redburn upped their price objective on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average price target of $258.65.

NVIDIA Trading Down 0.3%

NVDA opened at $184.97 on Wednesday. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.49 trillion, a price-to-earnings ratio of 45.90, a PEG ratio of 0.91 and a beta of 2.29. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock has a fifty day moving average price of $187.17 and a 200-day moving average price of $173.11.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Insider Transactions at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00. Following the completion of the sale, the chief executive officer directly owned 71,683,203 shares of the company’s stock, valued at approximately $12,646,350,673.26. This represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,149,931 shares of company stock valued at $569,165,455. Corporate insiders own 4.17% of the company’s stock.

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.