Meiji Yasuda Asset Management Co Ltd. Has $3.56 Million Holdings in NVIDIA Co. (NVDA)

Meiji Yasuda Asset Management Co Ltd. lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,633 shares of the computer hardware maker’s stock after selling 748 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in NVIDIA were worth $3,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Capital Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth about $27,000. Trust Department MB Financial Bank N A purchased a new position in shares of NVIDIA during the fourth quarter worth about $31,000. IMS Capital Management purchased a new position in shares of NVIDIA during the third quarter worth about $77,000. Strategic Wealth Partners Ltd. grew its holdings in shares of NVIDIA by 37.6% during the third quarter. Strategic Wealth Partners Ltd. now owns 289 shares of the computer hardware maker’s stock worth $81,000 after buying an additional 79 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC purchased a new position in shares of NVIDIA during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 67.83% of the company’s stock.

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In other news, CFO Colette Kress sold 889 shares of NVIDIA stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $147.91, for a total transaction of $131,491.99. Following the completion of the sale, the chief financial officer now directly owns 259,912 shares in the company, valued at approximately $38,443,583.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Debora Shoquist sold 6,345 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total transaction of $858,668.85. Following the sale, the executive vice president now owns 177,911 shares of the company’s stock, valued at $24,076,695.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,348 shares of company stock valued at $1,007,805. Insiders own 4.70% of the company’s stock.

Shares of NVDA opened at $150.64 on Friday. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76. The company has a market capitalization of $91.89 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 3.82 and a beta of 1.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.76 and a current ratio of 7.94.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm earned $1.72 EPS. The company’s revenue for the quarter was down 24.3% on a year-over-year basis. Analysts expect that NVIDIA Co. will post 4.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.42%. NVIDIA’s payout ratio is 10.54%.

A number of equities analysts recently issued reports on the company. BidaskClub lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Friday, March 1st. ValuEngine raised NVIDIA from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Atlantic Securities assumed coverage on NVIDIA in a report on Friday, February 22nd. They set an “overweight” rating and a $195.00 price target on the stock. MKM Partners raised their price target on NVIDIA to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 15th. Finally, Rosenblatt Securities raised their price target on NVIDIA to $190.00 and gave the stock a “buy” rating in a report on Friday, February 15th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $210.09.

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About NVIDIA

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.

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