NVIDIA Corporation $NVDA is Mountain Hill Investment Partners Corp.’s 3rd Largest Position

Mountain Hill Investment Partners Corp. raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 8.3% during the third quarter, HoldingsChannel reports. The fund owned 52,910 shares of the computer hardware maker’s stock after purchasing an additional 4,050 shares during the quarter. NVIDIA comprises about 8.7% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 3rd biggest holding. Mountain Hill Investment Partners Corp.’s holdings in NVIDIA were worth $9,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in NVDA. Brighton Jones LLC grew its holdings in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after buying an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE boosted its position in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC grew its stake in NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. increased its holdings in NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after acquiring an additional 896 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Down 0.7%

Shares of NVDA opened at $191.13 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm has a market cap of $4.64 trillion, a price-to-earnings ratio of 47.43, a PEG ratio of 0.94 and a beta of 2.31. The firm has a 50 day moving average price of $184.09 and a 200-day moving average price of $182.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter last year, the company earned $0.81 EPS. The firm’s revenue was up 62.5% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Wall Street Analyst Weigh In

Several brokerages have commented on NVDA. Truist Financial reissued a “buy” rating and issued a $275.00 price target on shares of NVIDIA in a report on Monday, December 29th. Argus reissued a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. New Street Research restated a “buy” rating and issued a $307.00 target price on shares of NVIDIA in a research note on Thursday, October 30th. Melius Research raised their price target on NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, DZ Bank restated a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and a consensus target price of $263.98.

View Our Latest Stock Analysis on NVDA

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.11, for a total value of $5,432,355.00. Following the transaction, the chief financial officer owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 200,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $187.82, for a total transaction of $37,564,000.00. Following the sale, the executive vice president owned 3,818,547 shares of the company’s stock, valued at $717,199,497.54. This represents a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,611,474 shares of company stock worth $293,285,232 over the last quarter. Company insiders own 4.17% of the company’s stock.

About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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