Mattern Capital Management LLC Invests $400,000 in NVIDIA Corporation (NASDAQ:NVDA)

Mattern Capital Management LLC bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,694 shares of the computer hardware maker’s stock, valued at approximately $400,000.

Several other large investors have also made changes to their positions in NVDA. Wealth Group Ltd. raised its stake in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after purchasing an additional 100 shares during the last quarter. Tallon Kerry Patrick acquired a new position in NVIDIA in the 4th quarter valued at $972,000. Capital & Planning LLC raised its stake in NVIDIA by 16.9% in the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock valued at $1,021,000 after purchasing an additional 1,099 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 104 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on 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 transaction, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,767,150 shares of company stock worth $701,030,045. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on NVDA shares. The Goldman Sachs Group started coverage on NVIDIA in a research note on Thursday, July 10th. They issued a “buy” rating and a $185.00 price objective for the company. Mizuho set a $192.00 target price on NVIDIA and gave the stock an “outperform” rating in a research note on Tuesday. Needham & Company LLC raised their target price on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Finally, Oppenheimer raised their target price on NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $181.22.

NVIDIA Stock Performance

Shares of NVDA opened at $171.37 on Thursday. The company has a market capitalization of $4.18 trillion, a price-to-earnings ratio of 55.28, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $172.40. 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 stock has a 50 day moving average price of $144.76 and a 200 day moving average price of $129.39.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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 net margin of 51.69% and a return on equity of 105.09%. The business’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 earned $0.61 earnings per share. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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