Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 23.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,463 shares of the computer hardware maker’s stock after purchasing an additional 20,707 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in NVIDIA were worth $17,649,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Securities Inc. grew its holdings in shares of NVIDIA by 95.7% during the fourth quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock worth $381,000 after purchasing an additional 1,395 shares during the last quarter. Pennsylvania Trust Co grew its holdings in shares of NVIDIA by 48.0% during the first quarter. Pennsylvania Trust Co now owns 3,792 shares of the computer hardware maker’s stock worth $680,000 after purchasing an additional 1,230 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of NVIDIA during the first quarter worth about $1,699,000. Cooper Haims Advisors LLC bought a new stake in shares of NVIDIA during the first quarter worth about $514,000. Finally, Coastline Trust Co grew its holdings in shares of NVIDIA by 155.2% during the first quarter. Coastline Trust Co now owns 14,775 shares of the computer hardware maker’s stock worth $2,653,000 after purchasing an additional 8,985 shares during the last quarter. 66.93% of the stock is owned by hedge funds and other institutional investors.

In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the transaction, the director now owns 36,037 shares in the company, valued at approximately $6,188,634.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $164.01, for a total value of $366,726.36. Following the completion of the transaction, the chief financial officer now owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The disclosure for this sale can be found here. Insiders have sold a total of 112,236 shares of company stock valued at $16,570,776 in the last quarter. 4.64% of the stock is owned by corporate insiders.

NASDAQ:NVDA traded down $3.50 during trading on Tuesday, reaching $161.95. The company’s stock had a trading volume of 781,268 shares, compared to its average volume of 11,049,089. The firm has a market cap of $98.93 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 4.16 and a beta of 2.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. The firm has a 50 day moving average of $164.22 and a 200-day moving average of $164.07. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.40%. NVIDIA’s payout ratio is 10.54%.

Several analysts have recently weighed in on the company. Wedbush set a $184.00 price target on NVIDIA and gave the stock a “buy” rating in a report on Friday, August 16th. Benchmark reiterated a “buy” rating and issued a $210.00 target price on shares of NVIDIA in a report on Wednesday, August 21st. Piper Jaffray Companies set a $200.00 target price on NVIDIA and gave the company a “buy” rating in a report on Friday, August 16th. Summit Redstone cut NVIDIA to a “hold” rating in a report on Friday, May 17th. Finally, UBS Group reduced their target price on NVIDIA from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company. NVIDIA currently has an average rating of “Buy” and a consensus target price of $190.40.

About NVIDIA

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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