NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lifted by M&T Bank Corp

M&T Bank Corp lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,858,775 shares of the computer hardware maker’s stock after acquiring an additional 186,652 shares during the quarter. NVIDIA accounts for 1.5% of M&T Bank Corp’s portfolio, making the stock its 11th largest holding. M&T Bank Corp’s holdings in NVIDIA were worth $468,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of NVDA. Unigestion Holding SA increased its position in shares of NVIDIA by 928.9% in the third quarter. Unigestion Holding SA now owns 67,400 shares of the computer hardware maker’s stock worth $8,185,000 after acquiring an additional 60,849 shares in the last quarter. Rehmann Capital Advisory Group grew its position in NVIDIA by 4.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 119,564 shares of the computer hardware maker’s stock worth $14,537,000 after purchasing an additional 5,568 shares in the last quarter. Main Line Retirement Advisors LLC raised its stake in NVIDIA by 17.9% during the 3rd quarter. Main Line Retirement Advisors LLC now owns 5,341 shares of the computer hardware maker’s stock valued at $649,000 after purchasing an additional 810 shares during the period. Hobbs Group Advisors LLC lifted its holdings in shares of NVIDIA by 8.9% in the third quarter. Hobbs Group Advisors LLC now owns 11,034 shares of the computer hardware maker’s stock valued at $1,340,000 after purchasing an additional 902 shares in the last quarter. Finally, Fortem Financial Group LLC boosted its position in shares of NVIDIA by 3.6% in the third quarter. Fortem Financial Group LLC now owns 80,974 shares of the computer hardware maker’s stock worth $9,833,000 after buying an additional 2,799 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Up 2.3 %

NASDAQ:NVDA opened at $140.83 on Wednesday. NVIDIA Co. has a 1-year low of $58.58 and a 1-year high of $153.13. The business’s 50-day moving average price is $138.84 and its two-hundred day moving average price is $129.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 1.57%.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. JPMorgan Chase & Co. boosted their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Citigroup upped their price target on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Phillip Securities reissued an “accumulate” rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Truist Financial upped their target price on NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, HSBC reduced their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Four equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.63.

About NVIDIA

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.