Columbus Hill Capital Management L.P. Sells 197,701 Shares of NVIDIA Corporation $NVDA

Columbus Hill Capital Management L.P. cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 67.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,000 shares of the computer hardware maker’s stock after selling 197,701 shares during the period. NVIDIA makes up approximately 2.2% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 18th largest position. Columbus Hill Capital Management L.P.’s holdings in NVIDIA were worth $15,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC raised its position in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new position in NVIDIA during the 1st quarter worth $15,089,414,000. Goldman Sachs Group Inc. raised its holdings in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after acquiring an additional 21,725,326 shares during the period. Finally, Amundi grew its holdings in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVDA. S&P Equity Research reaffirmed a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Daiwa Capital Markets boosted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Morgan Stanley upped their price target on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Raymond James Financial set a $272.00 price objective on shares of NVIDIA and gave the company a “strong-buy” rating in a research note on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus price target of $258.65.

Insider Buying and Selling at NVIDIA

In related news, EVP Debora Shoquist sold 80,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the sale, the executive vice president directly owned 1,654,443 shares in the company, valued at $305,492,899.95. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the sale, the chief executive officer directly owned 71,683,203 shares in the company, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,029,931 shares of company stock worth $548,443,455 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 0.6%

Shares of NASDAQ:NVDA opened at $183.78 on Thursday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a market capitalization of $4.47 trillion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 0.91 and a beta of 2.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The company has a fifty day moving average of $187.10 and a 200-day moving average of $173.19.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the previous year, the company posted $0.81 EPS. NVIDIA’s quarterly revenue was up 62.5% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. 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.