Hilltop Partners LLC Has $4.81 Million Stake in NVIDIA Corporation $NVDA

Hilltop Partners LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 27.0% in the second quarter, Holdings Channel.com reports. The firm owned 30,450 shares of the computer hardware maker’s stock after purchasing an additional 6,483 shares during the quarter. NVIDIA makes up approximately 1.5% of Hilltop Partners LLC’s investment portfolio, making the stock its 13th largest position. Hilltop Partners LLC’s holdings in NVIDIA were worth $4,811,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. grew its holdings in shares of NVIDIA by 4.6% in the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after acquiring an additional 367 shares in the last quarter. Atria Investments Inc boosted its position in NVIDIA by 3.2% during the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after purchasing an additional 29,479 shares during the last quarter. Fielder Capital Group LLC grew its stake in NVIDIA by 9.7% in the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after purchasing an additional 4,444 shares in the last quarter. MADDEN SECURITIES Corp grew its stake in NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Finally, ORG Wealth Partners LLC increased its position in shares of NVIDIA by 7.7% during the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after purchasing an additional 3,542 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 3.3%

NVIDIA stock opened at $175.02 on Monday. The company’s 50-day moving average price is $186.69 and its two-hundred day moving average price is $174.09. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.25 trillion, a P/E ratio of 43.43, a P/E/G ratio of 0.86 and a beta of 2.29. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 626 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $179.42, for a total value of $112,316.92. Following the completion of the sale, the director owned 17,792 shares of the company’s stock, valued at approximately $3,192,240.64. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Debora Shoquist sold 69,840 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the completion of the transaction, the executive vice president owned 1,424,603 shares in the company, valued at $253,365,643.55. This trade represents a 4.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,754,474 shares of company stock valued at $499,562,617. 4.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Mizuho raised their target price on shares of NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Wedbush lifted their price objective on shares of NVIDIA from $210.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Benchmark boosted their price objective on shares of NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Zacks Research upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $258.65.

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.