MKP Capital Management L.L.C. Has $194.79 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

MKP Capital Management L.L.C. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450,000 shares of the computer hardware maker's stock after buying an additional 550,000 shares during the quarter. NVIDIA comprises approximately 9.6% of MKP Capital Management L.L.C.'s holdings, making the stock its 3rd largest position. MKP Capital Management L.L.C.'s holdings in NVIDIA were worth $194,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Berkshire Money Management Inc. boosted its position in shares of NVIDIA by 38.2% during the fourth quarter. Berkshire Money Management Inc. now owns 19,500 shares of the computer hardware maker's stock worth $2,619,000 after acquiring an additional 5,394 shares during the last quarter. Lockheed Martin Investment Management Co. lifted its stake in NVIDIA by 22.3% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 1,284,290 shares of the computer hardware maker's stock worth $172,467,000 after purchasing an additional 233,920 shares in the last quarter. Jackson Wealth Management LLC boosted its holdings in shares of NVIDIA by 4.1% during the 4th quarter. Jackson Wealth Management LLC now owns 71,541 shares of the computer hardware maker's stock valued at $9,607,000 after purchasing an additional 2,843 shares during the last quarter. Groesbeck Investment Management Corp NJ grew its position in shares of NVIDIA by 5.3% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 13,890 shares of the computer hardware maker's stock valued at $1,865,000 after purchasing an additional 700 shares in the last quarter. Finally, Hager Investment Management Services LLC bought a new stake in shares of NVIDIA in the fourth quarter worth about $8,635,000. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock valued at $146,405,286 over the last quarter. 4.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVDA. Piper Sandler increased their price target on NVIDIA from $140.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Evercore ISI increased their target price on NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Wedbush restated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, February 20th. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Robert W. Baird lifted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $169.62.

NVIDIA Trading Up 1.1 %

NASDAQ NVDA opened at $117.30 on Thursday. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 46.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company's 50-day simple moving average is $132.73 and its two-hundred day simple moving average is $131.90.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

About NVIDIA

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.

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