Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 32.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,438 shares of the computer hardware maker’s stock after selling 38,290 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in NVIDIA Corporation were worth $11,484,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock valued at $105,000 after buying an additional 157 shares during the period. TB Alternative Assets Ltd. purchased a new stake in shares of NVIDIA Corporation during the second quarter valued at about $116,000. Proficio Capital Partners LLC raised its stake in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares during the period. Coconut Grove Bank raised its stake in shares of NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 1,060 shares during the period. Finally, Founders Capital Management raised its stake in shares of NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock valued at $145,000 after buying an additional 200 shares during the period. 68.91% of the stock is owned by institutional investors.
NVIDIA Corporation (NASDAQ:NVDA) opened at 164.74 on Friday. The company has a market capitalization of $98.02 billion, a PE ratio of 55.30 and a beta of 1.24. NVIDIA Corporation has a 52-week low of $57.32 and a 52-week high of $174.56. The company has a 50-day moving average price of $159.56 and a 200 day moving average price of $127.02.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post $3.10 earnings per share for the current year.
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Several brokerages have issued reports on NVDA. B. Riley reaffirmed a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a research note on Monday, May 8th. UBS AG reaffirmed a “buy” rating and set a $132.00 price target on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Barclays PLC lifted their price target on NVIDIA Corporation to $140.00 and gave the stock an “equal weight” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating on shares of NVIDIA Corporation in a research note on Friday. Finally, BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and three have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $139.79.
In other NVIDIA Corporation news, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at $4,623,220.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Persis Drell sold 2,500 shares of NVIDIA Corporation stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total transaction of $325,050.00. Following the completion of the transaction, the director now directly owns 24,652 shares in the company, valued at $3,205,253.04. The disclosure for this sale can be found here. Insiders sold 572,282 shares of company stock worth $86,830,082 over the last ninety days. Corporate insiders own 5.82% of the company’s stock.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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