Matthew 25 Management Corp Takes $14.36 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Matthew 25 Management Corp acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, Holdings Channel reports. The firm acquired 29,000 shares of the computer hardware maker’s stock, valued at approximately $14,361,000. NVIDIA accounts for 5.0% of Matthew 25 Management Corp’s portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of NVIDIA by 1.0% in the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 9,270 shares of the computer hardware maker’s stock worth $4,032,000 after acquiring an additional 93 shares during the period. Fortune 45 LLC raised its stake in shares of NVIDIA by 3.6% in the third quarter. Fortune 45 LLC now owns 1,975 shares of the computer hardware maker’s stock valued at $859,000 after purchasing an additional 69 shares in the last quarter. Kiley Juergens Wealth Management LLC lifted its position in NVIDIA by 0.7% in the third quarter. Kiley Juergens Wealth Management LLC now owns 16,260 shares of the computer hardware maker’s stock worth $7,073,000 after purchasing an additional 118 shares during the period. Howland Capital Management LLC boosted its stake in NVIDIA by 1.9% during the third quarter. Howland Capital Management LLC now owns 4,679 shares of the computer hardware maker’s stock worth $2,035,000 after buying an additional 88 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. increased its holdings in NVIDIA by 0.8% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 80,622 shares of the computer hardware maker’s stock valued at $35,070,000 after buying an additional 622 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last three months. Insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NVDA shares. Susquehanna reaffirmed a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a report on Thursday, April 4th. Piper Sandler increased their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Jefferies Financial Group boosted their target price on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Evercore ISI initiated coverage on shares of NVIDIA in a research report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 target price for the company. Finally, The Goldman Sachs Group boosted their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Stock Performance

Shares of NVDA opened at $877.57 on Tuesday. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.19 trillion, a P/E ratio of 73.50, a P/E/G ratio of 1.26 and a beta of 1.73. The business’s 50 day moving average price is $857.43 and its 200-day moving average price is $640.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the business earned $0.65 EPS. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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.