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

Mezzasalma Advisors LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,115 shares of the computer hardware maker’s stock after purchasing an additional 1,194 shares during the period. NVIDIA comprises 6.7% of Mezzasalma Advisors LLC’s portfolio, making the stock its 4th largest holding. Mezzasalma Advisors LLC’s holdings in NVIDIA were worth $17,016,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Hengehold Capital Management LLC increased its stake in shares of NVIDIA by 8.8% in the third quarter. Hengehold Capital Management LLC now owns 32,357 shares of the computer hardware maker’s stock worth $3,929,000 after purchasing an additional 2,628 shares in the last quarter. Mayport LLC increased its stake in shares of NVIDIA by 1.6% in the third quarter. Mayport LLC now owns 18,540 shares of the computer hardware maker’s stock worth $2,252,000 after purchasing an additional 300 shares in the last quarter. Beech Hill Advisors Inc. increased its stake in shares of NVIDIA by 450.5% in the third quarter. Beech Hill Advisors Inc. now owns 10,735 shares of the computer hardware maker’s stock worth $1,304,000 after purchasing an additional 8,785 shares in the last quarter. McCollum Christoferson Group LLC increased its stake in shares of NVIDIA by 4.5% in the third quarter. McCollum Christoferson Group LLC now owns 14,900 shares of the computer hardware maker’s stock worth $1,809,000 after purchasing an additional 640 shares in the last quarter. Finally, Tamar Securities LLC increased its stake in shares of NVIDIA by 30.0% in the third quarter. Tamar Securities LLC now owns 21,634 shares of the computer hardware maker’s stock worth $2,627,000 after purchasing an additional 4,998 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $146.71 on Friday. The stock’s 50 day moving average price is $133.55 and its 200 day moving average price is $121.72. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. NVIDIA Co. has a one year low of $45.01 and a one year high of $152.89.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 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 analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business’s revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. As a group, sell-side analysts expect that NVIDIA Co. will post 2.68 EPS for the current fiscal year.

NVIDIA declared that its board has authorized a share buyback plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the transaction, the chief executive officer now directly owns 76,375,705 shares of the company’s stock, valued at approximately $8,459,373,085.80. This trade represents a 0.16 % 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. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the transaction, the director now directly owns 5,852,480 shares in the company, valued at $698,025,289.60. This trade represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock worth $254,784,327 over the last ninety days. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. Barclays raised their target price on shares of NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday. Westpark Capital raised their target price on shares of NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Wells Fargo & Company raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. Piper Sandler lifted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $160.82.

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.