Sage Mountain Advisors LLC Buys 3,030 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Sage Mountain Advisors LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,614 shares of the computer hardware maker’s stock after acquiring an additional 3,030 shares during the quarter. NVIDIA makes up 1.1% of Sage Mountain Advisors LLC’s investment portfolio, making the stock its 15th largest position. Sage Mountain Advisors LLC’s holdings in NVIDIA were worth $14,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC grew its position in shares of NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Northern Trust Corp grew its position in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $182.38, for a total value of $13,678,500.00. Following the completion of the transaction, the chief executive officer owned 73,223,225 shares in the company, valued at $13,354,451,775.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,687,440 shares of company stock valued at $862,095,782 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Morgan Stanley raised their target price on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Mizuho set a $192.00 target price on NVIDIA and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $183.75.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $182.06 on Tuesday. The stock has a 50-day simple moving average of $160.71 and a two-hundred day simple moving average of $133.89. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market capitalization of $4.44 trillion, a PE ratio of 58.73, a P/E/G ratio of 1.61 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 69.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is currently 1.29%.

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.