NVIDIA Co. (NVDA) Position Increased by Tokio Marine Asset Management Co. Ltd.

Share on StockTwits

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.

In other NVIDIA news, CFO Colette Kress sold 889 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the completion of the transaction, the chief financial officer now owns 259,912 shares of the company’s stock, valued at $38,443,583.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Debora Shoquist sold 6,345 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the transaction, the executive vice president now directly owns 177,911 shares of the company’s stock, valued at approximately $24,076,695.63. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.

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.

ILLEGAL ACTIVITY NOTICE: This piece was published by Week Herald and is owned by of Week Herald. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://weekherald.com/2019/02/11/nvidia-co-nvda-position-increased-by-tokio-marine-asset-management-co-ltd.html.

NVIDIA Profile

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.

Further Reading: How to interpret the current ratio

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply