Mountain Hill Investment Partners Corp. Invests $846,000 in NVIDIA Co. (NASDAQ:NVDA)

Mountain Hill Investment Partners Corp. acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,302 shares of the computer hardware maker's stock, valued at approximately $846,000. NVIDIA comprises 0.9% of Mountain Hill Investment Partners Corp.'s portfolio, making the stock its 21st biggest holding.

A number of other institutional investors also recently bought and sold shares of NVDA. SOA Wealth Advisors LLC. increased its stake in shares of NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Swedbank AB grew its holdings in NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares during the period. Impax Asset Management Group plc increased its position in NVIDIA by 13.2% in the third quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker's stock worth $667,278,000 after buying an additional 640,840 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of NVIDIA by 3.7% in the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after buying an additional 1,285,897 shares during the period. Finally, Delta Financial Advisors LLC lifted its position in shares of NVIDIA by 0.6% during the 3rd quarter. Delta Financial Advisors LLC now owns 82,969 shares of the computer hardware maker's stock valued at $10,076,000 after buying an additional 485 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NVDA shares. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a research report on Friday. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Finally, Bank of America dropped their price objective on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Trading Up 4.3 %

Shares of NASDAQ NVDA opened at $111.01 on Friday. The business's 50 day moving average price is $113.21 and its 200-day moving average price is $128.99. The company has a market cap of $2.71 trillion, a price-to-earnings ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a fifty-two week low of $81.25 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 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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