Napatree Capital LLC Buys 874 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Napatree Capital LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,055 shares of the computer hardware maker’s stock after acquiring an additional 874 shares during the period. NVIDIA accounts for about 1.2% of Napatree Capital LLC’s portfolio, making the stock its 17th biggest position. Napatree Capital LLC’s holdings in NVIDIA were worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted 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 worth $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after buying an additional 22,929 shares during the period. Highview Capital Management LLC DE lifted its holdings in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC lifted its holdings in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after buying an additional 11,900 shares during the period. Finally, Voisard Asset Management Group Inc. lifted its holdings in NVIDIA by 1.6% during the 4th quarter. Voisard Asset Management Group Inc. now owns 6,325 shares of the computer hardware maker’s stock worth $849,000 after buying an additional 101 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. DA Davidson lifted their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Barclays lifted their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Truist Financial lifted their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Morgan Stanley lifted their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.75.

Insider Activity

In other news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following 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. In the last quarter, insiders sold 5,687,440 shares of company stock worth $862,095,782. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 0.6%

NASDAQ NVDA opened at $183.16 on Wednesday. The company has a fifty day simple moving average of $161.55 and a two-hundred day simple moving average of $134.24. The stock has a market cap of $4.47 trillion, a P/E ratio of 59.08, a P/E/G ratio of 1.60 and a beta of 2.14. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last issued its 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). The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 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.