NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Mayport LLC

Mayport LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 1.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,540 shares of the computer hardware maker’s stock after buying an additional 300 shares during the quarter. NVIDIA comprises about 0.7% of Mayport LLC’s holdings, making the stock its 22nd largest position. Mayport LLC’s holdings in NVIDIA were worth $2,252,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Beech Hill Advisors Inc. grew its stake in shares of NVIDIA by 450.5% during the 3rd 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 during the period. McCollum Christoferson Group LLC grew its stake in shares of NVIDIA by 4.5% during the 3rd 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 during the period. Tamar Securities LLC grew its stake in shares of NVIDIA by 30.0% during the 3rd 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 during the period. FLC Capital Advisors grew its stake in shares of NVIDIA by 7.3% during the 3rd quarter. FLC Capital Advisors now owns 26,356 shares of the computer hardware maker’s stock worth $3,201,000 after purchasing an additional 1,796 shares during the period. Finally, Horizon Wealth Management LLC grew its stake in shares of NVIDIA by 2.0% during the 3rd quarter. Horizon Wealth Management LLC now owns 37,698 shares of the computer hardware maker’s stock worth $4,578,000 after purchasing an additional 724 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

NASDAQ NVDA opened at $146.71 on Friday. The stock’s 50-day moving average price is $133.55 and its two-hundred day moving average price is $121.72. 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 company has a market cap of $3.60 trillion, a PE ratio of 68.81, a PEG ratio of 1.54 and a beta of 1.66. NVIDIA Co. has a 1 year low of $45.01 and a 1 year high of $152.89.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The firm’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, analysts predict that NVIDIA Co. will post 2.68 EPS for the current year.

NVIDIA declared that its board has initiated a stock repurchase plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be issued a $0.01 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.88%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $105.33, for a total value of $12,639,600.00. Following the completion of the sale, the chief executive officer now directly owns 75,895,836 shares of the company’s stock, valued at approximately $7,994,108,405.88. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. This 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 in the last 90 days. Company insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVDA. Sanford C. Bernstein increased their price objective on shares of NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC increased their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI increased their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday. Craig Hallum increased their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Robert W. Baird increased their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.