Tokio Marine Asset Management Co. Ltd. grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,539 shares of the computer hardware maker’s stock after acquiring an additional 209 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in NVIDIA were worth $4,611,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. FMR LLC grew its stake in NVIDIA by 1.5% in the 3rd quarter. FMR LLC now owns 49,322,285 shares of the computer hardware maker’s stock worth $13,860,548,000 after acquiring an additional 727,863 shares in the last quarter. Vanguard Group Inc. grew its stake in NVIDIA by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after acquiring an additional 1,693,736 shares in the last quarter. Vanguard Group Inc grew its stake in NVIDIA by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after acquiring an additional 1,693,736 shares in the last quarter. BlackRock Inc. grew its stake in NVIDIA by 0.9% in the 3rd quarter. BlackRock Inc. now owns 38,929,045 shares of the computer hardware maker’s stock worth $10,939,840,000 after acquiring an additional 366,217 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in NVIDIA by 10.9% in the 3rd quarter. Jennison Associates LLC now owns 8,650,557 shares of the computer hardware maker’s stock worth $2,430,980,000 after acquiring an additional 850,445 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.
NVDA has been the topic of a number of recent research reports. Goldman Sachs Group upgraded shares of NVIDIA from a “buy” rating to a “conviction-buy” rating and dropped their price objective for the company from $324.00 to $305.00 in a research note on Thursday, October 18th. Credit Suisse Group initiated coverage on shares of NVIDIA in a research note on Monday, November 26th. They set an “outperform” rating and a $225.00 price objective on the stock. Evercore ISI dropped their price objective on shares of NVIDIA from $325.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, January 14th. UBS Group upgraded shares of NVIDIA from a “neutral” rating to a “positive” rating in a research note on Tuesday, November 13th. Finally, BidaskClub upgraded shares of NVIDIA from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have given a buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and an average target price of $213.97.
NASDAQ:NVDA traded down $0.78 during midday trading on Monday, reaching $147.39. 5,882,261 shares of the stock traded hands, compared to its average volume of 18,821,706. NVIDIA Co. has a 12-month low of $124.46 and a 12-month high of $292.76. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $90.38 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 2.98 and a beta of 1.93.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.06). NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. As a group, analysts expect that NVIDIA Co. will post 5.77 EPS for the current year.
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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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