Mar Vista Investment Partners LLC Increases Stock Holdings in NVIDIA Corporation $NVDA

Mar Vista Investment Partners LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 24.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 231,595 shares of the computer hardware maker’s stock after acquiring an additional 45,536 shares during the quarter. NVIDIA makes up about 2.8% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 16th biggest holding. Mar Vista Investment Partners LLC’s holdings in NVIDIA were worth $36,590,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Harbor Asset Planning Inc. purchased a new position in NVIDIA in the 2nd quarter valued at about $28,000. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the 2nd quarter worth $40,000. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at about $55,000. Finally, Campbell Capital Management Inc. lifted its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after buying an additional 590 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,949,931 shares of company stock valued at $531,605,955. Company insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $265.00 price objective (up previously from $220.00) on shares of NVIDIA in a research note on Friday, November 14th. Benchmark upped their price target on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Piper Sandler set a $225.00 price target on NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Bank of America raised their target price on NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $258.65.

NVIDIA Stock Performance

NASDAQ NVDA opened at $182.41 on Friday. The stock has a market cap of $4.43 trillion, a PE ratio of 45.26, a P/E/G ratio of 0.90 and a beta of 2.29. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The stock has a fifty day simple moving average of $187.13 and a 200-day simple moving average of $172.08.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio is currently 0.99%.

NVIDIA 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.