Mezzasalma Advisors LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Mezzasalma Advisors LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.9% during the third quarter, Holdings Channel reports. The fund owned 140,115 shares of the computer hardware maker’s stock after acquiring an additional 1,194 shares during the quarter. NVIDIA accounts for 6.7% of Mezzasalma Advisors LLC’s holdings, making the stock its 4th largest position. Mezzasalma Advisors LLC’s holdings in NVIDIA were worth $17,016,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Hengehold Capital Management LLC raised its stake in shares of NVIDIA by 8.8% in the 3rd quarter. Hengehold Capital Management LLC now owns 32,357 shares of the computer hardware maker’s stock valued at $3,929,000 after acquiring an additional 2,628 shares in the last quarter. Mayport LLC raised its stake in shares of NVIDIA by 1.6% in the 3rd quarter. Mayport LLC now owns 18,540 shares of the computer hardware maker’s stock valued at $2,252,000 after acquiring an additional 300 shares in the last quarter. Beech Hill Advisors Inc. raised its stake in shares of NVIDIA by 450.5% in the 3rd quarter. Beech Hill Advisors Inc. now owns 10,735 shares of the computer hardware maker’s stock valued at $1,304,000 after acquiring an additional 8,785 shares in the last quarter. McCollum Christoferson Group LLC raised its stake in shares of NVIDIA by 4.5% in the 3rd quarter. McCollum Christoferson Group LLC now owns 14,900 shares of the computer hardware maker’s stock valued at $1,809,000 after acquiring an additional 640 shares in the last quarter. Finally, Tamar Securities LLC raised its stake in shares of NVIDIA by 30.0% in the 3rd quarter. Tamar Securities LLC now owns 21,634 shares of the computer hardware maker’s stock valued at $2,627,000 after acquiring an additional 4,998 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the sale, the chief financial officer now owns 4,954,214 shares of the company’s stock, valued at $577,611,810.26. The trade was a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,156,270 shares of company stock worth $254,784,327. Insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus lifted their price target on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore ISI lifted their price target on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday. Mizuho lifted their price target on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday. Finally, Westpark Capital lifted their price target on NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.82.

NVIDIA Stock Performance

NVDA stock opened at $146.71 on Friday. The stock has a 50-day moving average price of $133.55 and a 200-day moving average price of $121.72. NVIDIA Co. has a 1-year low of $45.01 and a 1-year high of $152.89. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.60 trillion, a PE ratio of 68.81, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last issued 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 return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue was up 93.6% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Co. will post 2.68 earnings per share for the current year.

NVIDIA declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.88%.

NVIDIA 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.