Mutual of America Capital Management LLC Has $382.30 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Mutual of America Capital Management LLC reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 3,148,023 shares of the computer hardware maker’s stock after selling 85,084 shares during the period. NVIDIA comprises about 4.0% of Mutual of America Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Mutual of America Capital Management LLC’s holdings in NVIDIA were worth $382,296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Lantz Financial LLC grew its position in NVIDIA by 833.1% in the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares during the period. Meridian Financial Partners LLC lifted its stake in shares of NVIDIA by 952.7% in the second quarter. Meridian Financial Partners LLC now owns 21,864 shares of the computer hardware maker’s stock valued at $2,648,000 after buying an additional 19,787 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of NVIDIA by 55,645.8% during the second quarter. Boston Trust Walden Corp now owns 466,035 shares of the computer hardware maker’s stock valued at $57,574,000 after buying an additional 465,199 shares during the last quarter. Bellecapital International Ltd. increased its position in shares of NVIDIA by 875.3% during the second quarter. Bellecapital International Ltd. now owns 37,470 shares of the computer hardware maker’s stock worth $4,629,000 after acquiring an additional 33,628 shares in the last quarter. Finally, Oakworth Capital Inc. raised its holdings in shares of NVIDIA by 932.8% in the 2nd quarter. Oakworth Capital Inc. now owns 75,578 shares of the computer hardware maker’s stock worth $9,337,000 after acquiring an additional 68,260 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,226,886 shares of company stock worth $161,499,400. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 3.0 %

Shares of NASDAQ:NVDA opened at $138.31 on Friday. The firm has a fifty day moving average price of $139.51 and a two-hundred day moving average price of $128.16. The company has a market cap of $3.39 trillion, a price-to-earnings ratio of 54.43, a PEG ratio of 2.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a one year low of $47.32 and a one year high of $152.89.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. Analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, November 21st. HSBC boosted their price target on shares of NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus increased their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.15.

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.