NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 19.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,808,324 shares of the computer hardware maker's stock after purchasing an additional 940,901 shares during the period. NVIDIA accounts for about 3.3% of Daiwa Securities Group Inc.'s portfolio, making the stock its 6th largest position. Daiwa Securities Group Inc.'s holdings in NVIDIA were worth $705,363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NVDA. Quest Partners LLC purchased a new position in NVIDIA during the 2nd quarter worth approximately $27,000. Christopher J. Hasenberg Inc acquired a new position in NVIDIA during the third quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA during the second quarter valued at $31,000. West Financial Advisors LLC acquired a new stake in NVIDIA during the 3rd quarter worth about $36,000. Finally, DHJJ Financial Advisors Ltd. raised its stake in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on NVDA shares. Barclays raised their target price on NVIDIA from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Rosenblatt Securities reaffirmed a "buy" rating and set a $220.00 target price on shares of NVIDIA in a report on Wednesday. Raymond James increased their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a report on Thursday, November 14th. Susquehanna lifted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Finally, Benchmark reissued a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $164.63.

NVIDIA Trading Down 3.0 %

NASDAQ:NVDA traded down $4.20 on Friday, reaching $135.91. The company's stock had a trading volume of 206,807,225 shares, compared to its average volume of 246,463,734. The firm has a market cap of $3.33 trillion, a price-to-earnings ratio of 53.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $53.56 and a 12-month high of $153.13. The stock has a 50 day moving average price of $139.90 and a 200 day moving average price of $128.68.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. NVIDIA's revenue for the quarter was up 93.6% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.57%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last quarter. 4.23% of the stock is owned by company insiders.

NVIDIA Company Profile

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.