S.A. Mason LLC Has $8.99 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

S.A. Mason LLC reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,905 shares of the computer hardware maker’s stock after selling 1,806 shares during the period. NVIDIA accounts for 4.7% of S.A. Mason LLC’s holdings, making the stock its biggest holding. S.A. Mason LLC’s holdings in NVIDIA were worth $8,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Tacita Capital Inc purchased a new position in NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management purchased a new stake in shares of NVIDIA during the 4th quarter worth $50,000. Bruce G. Allen Investments LLC lifted its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management purchased a new position in NVIDIA in the fourth quarter valued at about $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on NVDA shares. Truist Financial increased their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.92.

Insider Activity

In related news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,767,150 shares of company stock worth $701,030,045 over the last three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 4.0%

NVIDIA stock opened at $170.70 on Wednesday. The business’s 50-day moving average price is $143.67 and its 200 day moving average price is $129.10. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.17 trillion, a price-to-earnings ratio of 55.06, a price-to-earnings-growth ratio of 1.45 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $172.40.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is presently 1.29%.

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.