NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 339,010 shares of the computer hardware maker’s stock after selling 15,702 shares during the quarter. NVIDIA accounts for about 1.9% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Mutual of America Capital Management LLC’s holdings in NVIDIA were worth $167,885,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA during the 4th quarter worth about $28,000. Peoples Financial Services CORP. purchased a new stake in shares of NVIDIA during the 3rd quarter worth about $30,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA during the 3rd quarter worth about $30,000. Quarry LP purchased a new stake in shares of NVIDIA during the 1st quarter worth about $34,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth about $39,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVDA. Craig Hallum raised their price target on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Oppenheimer raised their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $910.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. HSBC raised their price objective on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Piper Sandler Companies raised their price objective on NVIDIA to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $846.71 on Friday. The stock’s fifty day simple moving average is $843.90 and its 200 day simple moving average is $620.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a market cap of $2.12 trillion, a price-to-earnings ratio of 70.91, a P/E/G ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a one year low of $262.25 and a one year high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. On average, analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

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.