MassMutual Private Wealth & Trust FSB Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

MassMutual Private Wealth & Trust FSB trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,137,344 shares of the computer hardware maker’s stock after selling 31,149 shares during the quarter. NVIDIA accounts for 4.3% of MassMutual Private Wealth & Trust FSB’s portfolio, making the stock its 3rd largest holding. MassMutual Private Wealth & Trust FSB’s holdings in NVIDIA were worth $152,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Ironwood Wealth Management LLC. lifted its position in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after buying an additional 5,695 shares during the period. Financial Guidance Group Inc. lifted its position in NVIDIA by 900.0% during the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after purchasing an additional 3,240 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NVIDIA during the 2nd quarter valued at $31,000. Morling Financial Advisors LLC raised its holdings in NVIDIA by 744.1% in the second quarter. Morling Financial Advisors LLC now owns 12,062 shares of the computer hardware maker’s stock worth $1,490,000 after purchasing an additional 10,633 shares during the period. Finally, Tillman Hartley LLC lifted its stake in NVIDIA by 900.0% in the second quarter. Tillman Hartley LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $358,000 after buying an additional 2,610 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Bank of America reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Wells Fargo & Company boosted their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Morgan Stanley reduced their price objective on NVIDIA from $166.00 to $152.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, Barclays upped their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $166.23.

Insider Transactions at NVIDIA

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

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $133.57 on Tuesday. The business’s fifty day simple moving average is $135.31 and its 200 day simple moving average is $129.55. NVIDIA Co. has a 12 month low of $66.25 and a 12 month high of $153.13. The firm has a market capitalization of $3.27 trillion, a P/E ratio of 52.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. As a group, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

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.