Nomura Asset Management Co. Ltd. Has $25.64 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,096 shares of the computer hardware maker’s stock after buying an additional 14,983 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NVIDIA were worth $25,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. McIlrath & Eck LLC grew its position in shares of NVIDIA by 14.5% in the first quarter. McIlrath & Eck LLC now owns 496 shares of the computer hardware maker’s stock valued at $89,000 after purchasing an additional 63 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of NVIDIA by 0.6% in the second quarter. LS Investment Advisors LLC now owns 12,018 shares of the computer hardware maker’s stock valued at $1,974,000 after purchasing an additional 66 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC grew its position in shares of NVIDIA by 1.0% in the second quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,160 shares of the computer hardware maker’s stock valued at $1,190,000 after purchasing an additional 68 shares during the last quarter. Hanson McClain Inc. grew its position in shares of NVIDIA by 9.8% in the first quarter. Hanson McClain Inc. now owns 772 shares of the computer hardware maker’s stock valued at $139,000 after purchasing an additional 69 shares during the last quarter. Finally, Nachman Norwood & Parrott Inc grew its position in shares of NVIDIA by 1.0% in the second quarter. Nachman Norwood & Parrott Inc now owns 6,739 shares of the computer hardware maker’s stock valued at $1,107,000 after purchasing an additional 70 shares during the last quarter. 64.51% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the completion of the transaction, the director now directly owns 32,983 shares in the company, valued at approximately $4,785,833.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Gaither sold 10,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $182.37, for a total value of $1,823,700.00. Following the completion of the transaction, the director now owns 4,279 shares of the company’s stock, valued at $780,361.23. The disclosure for this sale can be found here. Insiders sold a total of 139,597 shares of company stock valued at $21,275,952 over the last quarter. 4.64% of the stock is owned by corporate insiders.



Several equities analysts have recently commented on NVDA shares. Needham & Company LLC reaffirmed a “sell” rating on shares of NVIDIA in a research report on Friday, August 16th. BidaskClub raised NVIDIA from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $145.00 target price on shares of NVIDIA in a research report on Friday, August 16th. Susquehanna Bancshares set a $190.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. set a $200.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $190.40.

NASDAQ NVDA traded down $2.14 on Friday, hitting $182.13. 608,693 shares of the company’s stock were exchanged, compared to its average volume of 10,567,697. The stock has a 50-day moving average of $166.03 and a 200-day moving average of $165.58. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76. The stock has a market cap of $111.56 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 4.70 and a beta of 2.07.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.37. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The company’s quarterly revenue was down 17.4% on a year-over-year basis. As a group, analysts predict that NVIDIA Co. will post 4.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s payout ratio is presently 10.54%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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