FUKOKU MUTUAL LIFE INSURANCE Co Has $25.50 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

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FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,887 shares of the computer hardware maker’s stock after selling 15,481 shares during the period. NVIDIA makes up about 1.8% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 18th largest holding. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in NVIDIA were worth $25,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. AMF Tjanstepension AB lifted its position in NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after purchasing an additional 169,445 shares during the period. Wealth Group Ltd. increased its stake in NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock valued at $680,000 after acquiring an additional 265 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in NVIDIA by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after purchasing an additional 350 shares in the last quarter. Swedbank AB lifted its stake in NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock worth $4,965,526,000 after purchasing an additional 1,868,358 shares during the last quarter. Finally, Chico Wealth RIA acquired a new stake in shares of NVIDIA in the 3rd quarter valued at $213,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $101.80 on Friday. The firm has a market cap of $2.48 trillion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business’s 50 day moving average price is $122.16 and its two-hundred day moving average price is $131.11.

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NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is presently 1.36%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $22,642,615 in the last three months. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NVDA shares. Susquehanna restated a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Bank of America reissued a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. DA Davidson lowered their price objective on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.89.

Check Out Our Latest Stock Report on NVIDIA

About NVIDIA

(Free Report)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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