M.D. Sass LLC Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

M.D. Sass LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 54.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,550 shares of the computer hardware maker's stock after acquiring an additional 7,250 shares during the period. M.D. Sass LLC's holdings in NVIDIA were worth $2,496,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC purchased a new position in NVIDIA during the 2nd quarter valued at $27,000. Christopher J. Hasenberg Inc bought a new stake in shares of NVIDIA during the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of NVIDIA during the second quarter valued at about $31,000. West Financial Advisors LLC bought a new position in NVIDIA in the third quarter worth about $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded down $4.20 on Friday, reaching $135.91. 206,807,225 shares of the stock were exchanged, compared to its average volume of 246,463,734. The firm has a market capitalization of $3.33 trillion, a PE ratio of 53.49, a PEG ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a one year low of $53.56 and a one year high of $153.13. The company's 50-day simple moving average is $139.90 and its two-hundred day simple moving average is $128.70. 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 - Get Free Report) last released 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 analysts' expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 EPS. Analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Raymond James increased their target price on NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 14th. UBS Group increased their price objective on NVIDIA from $150.00 to $185.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Evercore ISI raised their price objective on NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday. Finally, Phillip Securities reissued an "accumulate" rating and set a $160.00 price target (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.63.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. 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 the SEC website. Also, Director John Dabiri sold 716 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company's stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. Corporate insiders own 4.23% of the company's stock.

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.