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

Mountain Hill Investment Partners Corp. bought a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,302 shares of the computer hardware maker's stock, valued at approximately $846,000. NVIDIA accounts for approximately 0.9% of Mountain Hill Investment Partners Corp.'s holdings, making the stock its 21st largest position.

A number of other institutional investors have also added to or reduced their stakes in NVDA. McCollum Christoferson Group LLC lifted its stake in NVIDIA by 2.1% during the fourth quarter. McCollum Christoferson Group LLC now owns 15,218 shares of the computer hardware maker's stock worth $2,044,000 after purchasing an additional 318 shares during the period. Crowley Wealth Management Inc. bought a new position in shares of NVIDIA during the 4th quarter worth approximately $581,000. Cedar Wealth Management LLC boosted its stake in NVIDIA by 112.9% in the 4th quarter. Cedar Wealth Management LLC now owns 11,050 shares of the computer hardware maker's stock valued at $1,484,000 after buying an additional 5,860 shares in the last quarter. Napatree Capital LLC boosted its stake in NVIDIA by 16.4% in the 4th quarter. Napatree Capital LLC now owns 18,181 shares of the computer hardware maker's stock valued at $2,442,000 after buying an additional 2,560 shares in the last quarter. Finally, Samalin Investment Counsel LLC raised its stake in NVIDIA by 2.8% during the fourth quarter. Samalin Investment Counsel LLC now owns 32,786 shares of the computer hardware maker's stock worth $4,403,000 after acquiring an additional 908 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last three months. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Down 0.1 %

Shares of NASDAQ NVDA traded down $0.10 during mid-day trading on Wednesday, reaching $108.92. 229,377,969 shares of the company's stock were exchanged, compared to its average volume of 302,869,091. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $111.47 and a 200 day simple moving average of $128.49. NVIDIA Co. has a twelve month low of $81.25 and a twelve month high of $195.95. The firm has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 42.87, a PEG ratio of 1.76 and a beta of 1.96.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is 1.36%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NVDA shares. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays cut their target price on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Finally, Mizuho cut their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $164.96.

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.