Matthew 25 Management Corp Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Matthew 25 Management Corp increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,036.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 375,000 shares of the computer hardware maker’s stock after purchasing an additional 342,000 shares during the period. NVIDIA accounts for approximately 16.1% of Matthew 25 Management Corp’s holdings, making the stock its largest position. Matthew 25 Management Corp’s holdings in NVIDIA were worth $46,328,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. One Wealth Management Investment & Advisory Services LLC lifted its stake in shares of NVIDIA by 906.7% during the 2nd quarter. One Wealth Management Investment & Advisory Services LLC now owns 61,517 shares of the computer hardware maker’s stock worth $7,600,000 after buying an additional 55,406 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in NVIDIA by 922.0% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 1,496,220 shares of the computer hardware maker’s stock valued at $184,843,000 after acquiring an additional 1,349,812 shares during the period. Los Angeles Capital Management LLC lifted its position in NVIDIA by 834.9% during the second quarter. Los Angeles Capital Management LLC now owns 17,556,376 shares of the computer hardware maker’s stock worth $2,168,915,000 after acquiring an additional 15,678,557 shares during the last quarter. Intelligence Driven Advisers LLC boosted its holdings in shares of NVIDIA by 2,090.9% during the second quarter. Intelligence Driven Advisers LLC now owns 11,108 shares of the computer hardware maker’s stock worth $1,372,000 after acquiring an additional 10,601 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in shares of NVIDIA by 893.3% in the second quarter. Cullen Frost Bankers Inc. now owns 1,524,589 shares of the computer hardware maker’s stock valued at $188,348,000 after purchasing an additional 1,371,109 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NVDA. Melius Research lifted their price target on NVIDIA from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, June 21st. KeyCorp lifted their target price on NVIDIA from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. DA Davidson restated a “neutral” rating and issued a $90.00 price target on shares of NVIDIA in a research note on Thursday, August 29th. Westpark Capital raised their price target on shares of NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Argus boosted their price objective on shares of NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Five research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.10.

NVIDIA Trading Up 4.0 %

NASDAQ NVDA opened at $132.89 on Wednesday. The company has a market cap of $3.27 trillion, a price-to-earnings ratio of 77.71, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.76. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $116.58 and its 200 day moving average is $109.74.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion during the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business’s quarterly revenue was up 122.4% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. As a group, sell-side analysts expect that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

NVIDIA Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s payout ratio is 2.34%.

NVIDIA declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 28th that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the transaction, the director now owns 8,255,117 shares in the company, valued at approximately $1,012,159,895.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 125,000 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total value of $15,326,250.00. Following the completion of the sale, the director now owns 8,255,117 shares of the company’s stock, valued at approximately $1,012,159,895.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the transaction, the insider now directly owns 492,409 shares in the company, valued at approximately $57,370,572.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,577,403 shares of company stock valued at $420,166,534 in the last ninety days. 4.23% of the stock is currently owned by 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.