Mainstay Capital Management LLC ADV Has $4.26 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Mainstay Capital Management LLC ADV boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,707 shares of the computer hardware maker’s stock after acquiring an additional 3,617 shares during the period. NVIDIA accounts for about 0.6% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 8th biggest position. Mainstay Capital Management LLC ADV’s holdings in NVIDIA were worth $4,258,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its holdings in NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after acquiring an additional 169,445 shares during the last quarter. Wealth Group Ltd. boosted its position in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock worth $680,000 after purchasing an additional 265 shares during the period. SOA Wealth Advisors LLC. increased its stake in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Swedbank AB raised its position in shares of NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares during the period. Finally, Stanley Laman Group Ltd. lifted its stake in shares of NVIDIA by 6.8% during the 3rd quarter. Stanley Laman Group Ltd. now owns 60,691 shares of the computer hardware maker’s stock valued at $7,370,000 after buying an additional 3,883 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho lowered their price target on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Morgan Stanley set a $162.00 price target on NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Susquehanna restated a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Barclays upped their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $171.51.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $109.67 on Monday. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The business has a fifty day moving average price of $125.01 and a 200-day moving average price of $131.61. The company has a market capitalization of $2.68 trillion, a PE ratio of 43.16, a PEG ratio of 1.76 and a beta of 1.77. 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 (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were 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 owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock worth $22,642,615 in the last three months. Corporate insiders own 4.23% of the company’s stock.

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.