Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 156.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,870 shares of the computer hardware maker’s stock after purchasing an additional 3,580 shares during the period. NVIDIA accounts for approximately 5.3% of Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings, making the stock its 3rd largest position. Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings in NVIDIA were worth $1,650,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of NVDA. Polen Capital Management LLC bought a new position in NVIDIA during the third quarter worth about $703,155,000. SG Americas Securities LLC grew its holdings in NVIDIA by 104.9% during the third quarter. SG Americas Securities LLC now owns 105,055 shares of the computer hardware maker’s stock worth $29,523,000 after purchasing an additional 2,227,433 shares during the period. FMR LLC grew its holdings in NVIDIA by 3.5% during the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock worth $11,512,019,000 after purchasing an additional 1,656,748 shares during the period. Janus Henderson Group PLC grew its holdings in NVIDIA by 63.7% during the second quarter. Janus Henderson Group PLC now owns 4,222,049 shares of the computer hardware maker’s stock worth $1,000,199,000 after purchasing an additional 1,643,689 shares during the period. Finally, Jennison Associates LLC grew its holdings in NVIDIA by 18.8% during the second quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock worth $1,847,847,000 after purchasing an additional 1,234,191 shares during the period. Institutional investors and hedge funds own 67.56% of the company’s stock.
Several equities research analysts have issued reports on NVDA shares. Argus restated a “buy” rating and set a $300.00 price objective on shares of NVIDIA in a research report on Friday, October 12th. BidaskClub downgraded shares of NVIDIA from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. SunTrust Banks cut their price objective on shares of NVIDIA to $237.00 and set a “buy” rating for the company in a research report on Friday, November 16th. Daiwa Capital Markets restated a “buy” rating on shares of NVIDIA in a research report on Monday, November 19th. Finally, BNP Paribas downgraded shares of NVIDIA from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 20th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-six have issued a buy rating to the stock. NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $257.76.
Shares of NASDAQ NVDA traded down $3.76 during midday trading on Thursday, reaching $153.35. The company’s stock had a trading volume of 106,852 shares, compared to its average volume of 20,208,626. The company has a current ratio of 7.08, a quick ratio of 6.20 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a fifty-two week low of $133.31 and a fifty-two week high of $292.76. The company has a market cap of $95.84 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.28 and a beta of 1.97.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.06). The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. On average, equities research analysts forecast that NVIDIA Co. will post 6.45 earnings per share for the current year.
In related news, CFO Colette Kress sold 11,576 shares of NVIDIA stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $266.31, for a total value of $3,082,804.56. Following the transaction, the chief financial officer now directly owns 297,482 shares of the company’s stock, valued at $79,222,431.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 90,831 shares of NVIDIA stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the completion of the transaction, the executive vice president now directly owns 184,001 shares in the company, valued at $53,240,689.35. The disclosure for this sale can be found here. Insiders sold 113,664 shares of company stock worth $32,335,927 over the last three months. 4.70% of the stock is currently owned by insiders.
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NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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