Meiji Yasuda Asset Management Co Ltd. grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,578 shares of the computer hardware maker’s stock after purchasing an additional 690 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in NVIDIA Corporation were worth $2,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of NVIDIA Corporation by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after purchasing an additional 2,676,976 shares during the period. Ameriprise Financial Inc. raised its position in shares of NVIDIA Corporation by 8.8% in the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after purchasing an additional 463,306 shares during the period. Renaissance Technologies LLC raised its position in shares of NVIDIA Corporation by 19.3% in the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after purchasing an additional 768,200 shares during the period. Janus Henderson Group PLC raised its position in shares of NVIDIA Corporation by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after purchasing an additional 4,022,728 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of NVIDIA Corporation by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after purchasing an additional 46,686 shares during the period. 65.28% of the stock is currently owned by institutional investors.

In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the transaction, the director now directly owns 16,507 shares of the company’s stock, valued at approximately $2,809,326.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction on Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 451,503 shares of company stock valued at $81,997,895. 5.17% of the stock is currently owned by insiders.

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NVIDIA Corporation (NVDA) traded up $1.59 during midday trading on Tuesday, reaching $215.67. 6,672,254 shares of the company traded hands, compared to its average volume of 17,628,381. NVIDIA Corporation has a twelve month low of $84.77 and a twelve month high of $218.67. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The firm has a market cap of $129,090.00, a P/E ratio of 52.06, a P/E/G ratio of 4.57 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm posted $0.94 EPS. NVIDIA Corporation’s revenue was up 31.5% compared to the same quarter last year. sell-side analysts anticipate that NVIDIA Corporation will post 4.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 14.00%.

Several equities analysts recently commented on NVDA shares. Vetr downgraded shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price target on the stock. in a research note on Thursday, August 31st. Credit Suisse Group restated an “outperform” rating on shares of NVIDIA Corporation in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) upped their price target on shares of NVIDIA Corporation from $193.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. B. Riley upped their price target on shares of NVIDIA Corporation from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA Corporation in a research note on Thursday, September 28th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $186.85.

NVIDIA Corporation Profile

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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Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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