Mutual of America Capital Management LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Mutual of America Capital Management LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 302.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 326,956 shares of the computer hardware maker’s stock after acquiring an additional 245,690 shares during the quarter. NVIDIA accounts for 0.7% of Mutual of America Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Mutual of America Capital Management LLC’s holdings in NVIDIA were worth $67,732,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barr E S & Co. grew its stake in shares of NVIDIA by 361.4% during the 3rd quarter. Barr E S & Co. now owns 2,621 shares of the computer hardware maker’s stock valued at $543,000 after acquiring an additional 2,053 shares during the period. Cordatus Wealth Management LLC purchased a new position in shares of NVIDIA in the third quarter valued at about $6,193,000. Gifford Fong Associates lifted its position in shares of NVIDIA by 300.0% in the third quarter. Gifford Fong Associates now owns 192,572 shares of the computer hardware maker’s stock valued at $39,893,000 after acquiring an additional 144,429 shares in the last quarter. Buckingham Strategic Wealth LLC lifted its position in shares of NVIDIA by 263.5% in the third quarter. Buckingham Strategic Wealth LLC now owns 14,958 shares of the computer hardware maker’s stock valued at $3,099,000 after acquiring an additional 10,843 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in shares of NVIDIA by 279.8% in the third quarter. Panagora Asset Management Inc. now owns 1,077,863 shares of the computer hardware maker’s stock valued at $223,290,000 after acquiring an additional 794,053 shares in the last quarter. 63.70% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on NVDA. Jefferies Financial Group boosted their target price on NVIDIA from $260.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. BMO Capital Markets boosted their price objective on NVIDIA from $250.00 to $375.00 in a research note on Monday, November 22nd. Mizuho boosted their price objective on NVIDIA from $235.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Wedbush cut NVIDIA from an “outperform” rating to a “neutral” rating and upped their target price for the company from $220.00 to $300.00 in a research note on Friday, November 12th. They noted that the move was a valuation call. Finally, UBS Group upped their target price on NVIDIA from $230.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 15th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $326.63.

In other NVIDIA news, Director Persis Drell sold 10,000 shares of the company’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $326.65, for a total transaction of $3,266,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 440,000 shares of the company’s stock in a transaction dated Monday, January 3rd. The stock was sold at an average price of $302.17, for a total transaction of $132,954,800.00. The disclosure for this sale can be found here. Insiders sold 990,012 shares of company stock valued at $312,681,810 over the last ninety days. Corporate insiders own 4.23% of the company’s stock.

NVDA traded up $2.80 on Friday, reaching $268.55. The company had a trading volume of 862,475 shares, compared to its average volume of 46,682,625. NVIDIA Co. has a 1 year low of $115.67 and a 1 year high of $346.47. The stock has a market capitalization of $671.38 billion, a PE ratio of 83.13, a P/E/G ratio of 4.01 and a beta of 1.31. The company has a quick ratio of 6.53, a current ratio of 7.14 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $300.51 and a 200-day moving average price of $243.59.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.06. NVIDIA had a net margin of 33.81% and a return on equity of 41.79%. The firm had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, analysts expect that NVIDIA Co. will post 3.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd were issued a $0.04 dividend. The ex-dividend date was Wednesday, December 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.06%. NVIDIA’s payout ratio is 4.93%.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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