Mastrapasqua Asset Management Inc. Reduces Stake in NVIDIA Corporation (NVDA)

Mastrapasqua Asset Management Inc. reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 128,812 shares of the computer hardware maker’s stock after selling 2,173 shares during the period. NVIDIA makes up 4.7% of Mastrapasqua Asset Management Inc.’s investment portfolio, making the stock its biggest position. Mastrapasqua Asset Management Inc.’s holdings in NVIDIA were worth $23,027,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Welch Investments LLC bought a new stake in NVIDIA in the third quarter worth $104,000. Evercore Wealth Management LLC lifted its stake in NVIDIA by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after purchasing an additional 206 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in NVIDIA by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after purchasing an additional 6 shares during the last quarter. Hanson McClain Inc. increased its position in shares of NVIDIA by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the period. Finally, Edge Advisors LLC increased its position in shares of NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the period. 63.51% of the stock is owned by institutional investors.

In other NVIDIA news, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the sale, the director now directly owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 315,175 shares of company stock valued at $59,428,079. 5.82% of the stock is owned by corporate insiders.

A number of equities analysts have issued reports on the stock. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $176.95 price objective on the stock in a research report on Wednesday, September 6th. Needham & Company LLC restated a “buy” rating on shares of NVIDIA in a research report on Friday, August 11th. Citigroup restated a “buy” rating and issued a $210.00 price objective (up previously from $185.00) on shares of NVIDIA in a research report on Friday, September 29th. Bank of America set a $210.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Jefferies Group restated a “buy” rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $187.38.

NVIDIA Corporation (NVDA) opened at $191.99 on Friday. The firm has a market cap of $114,691.55, a P/E ratio of 46.62, a P/E/G ratio of 4.41 and a beta of 1.18. NVIDIA Corporation has a 52-week low of $87.54 and a 52-week high of $218.67. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. equities analysts expect that NVIDIA Corporation will post 4.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.15 per share. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA’s dividend payout ratio is currently 14.89%.

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NVIDIA Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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