NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Increased by Beaton Management Co. Inc.

Beaton Management Co. Inc. raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,110 shares of the computer hardware maker’s stock after buying an additional 800 shares during the quarter. NVIDIA comprises about 4.2% of Beaton Management Co. Inc.’s portfolio, making the stock its biggest holding. Beaton Management Co. Inc.’s holdings in NVIDIA were worth $8,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Sawgrass Asset Management LLC lifted its holdings in shares of NVIDIA by 643.6% in the 3rd quarter. Sawgrass Asset Management LLC now owns 280,362 shares of the computer hardware maker’s stock worth $34,047,000 after acquiring an additional 242,657 shares during the last quarter. Sage Advisors LLC raised its position in NVIDIA by 10.0% in the third quarter. Sage Advisors LLC now owns 15,928 shares of the computer hardware maker’s stock valued at $1,934,000 after purchasing an additional 1,445 shares during the period. Schear Investment Advisers LLC lifted its stake in NVIDIA by 15.6% during the third quarter. Schear Investment Advisers LLC now owns 109,242 shares of the computer hardware maker’s stock worth $13,266,000 after purchasing an additional 14,710 shares in the last quarter. Mount Lucas Management LP boosted its position in shares of NVIDIA by 2.4% during the third quarter. Mount Lucas Management LP now owns 6,734 shares of the computer hardware maker’s stock worth $818,000 after buying an additional 156 shares during the period. Finally, Spinnaker Investment Group LLC grew its stake in shares of NVIDIA by 2.7% in the third quarter. Spinnaker Investment Group LLC now owns 25,274 shares of the computer hardware maker’s stock valued at $3,069,000 after buying an additional 661 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $138.31 on Friday. NVIDIA Co. has a 1 year low of $47.32 and a 1 year high of $152.89. The company’s 50 day simple moving average is $139.51 and its 200 day simple moving average is $128.16. The company has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 54.43, a PEG ratio of 2.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating 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 previous year, the firm posted $0.38 EPS. NVIDIA’s revenue was up 93.6% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NVDA. William Blair started coverage on NVIDIA in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. DA Davidson raised their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. UBS Group upped their target price on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Citigroup raised their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Mizuho boosted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four 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 data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were 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. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,226,886 shares of company stock worth $161,499,400 in the last 90 days. 4.23% of the stock is owned by company insiders.

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.