Bear Mountain Capital Inc. Sells 219 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Bear Mountain Capital Inc. cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,906 shares of the computer hardware maker’s stock after selling 219 shares during the quarter. NVIDIA comprises about 0.4% of Bear Mountain Capital Inc.’s holdings, making the stock its 25th biggest holding. Bear Mountain Capital Inc.’s holdings in NVIDIA were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Copia Wealth Management purchased a new stake in NVIDIA during the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter valued at about $54,000. Finally, Delos Wealth Advisors LLC grew its position in NVIDIA by 134.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock valued at $66,000 after purchasing an additional 283 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,837,440 shares of company stock valued at $889,404,782. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Down 0.8%

Shares of NVDA opened at $181.62 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a 50 day simple moving average of $162.34 and a two-hundred day simple moving average of $134.56. The firm has a market cap of $4.43 trillion, a P/E ratio of 58.59, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $43.09 billion. During the same period last year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

Wall Street Analyst Weigh In

Several analysts recently commented on NVDA shares. Rosenblatt Securities increased their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, Truist Financial raised their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, May 29th. One investment 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.97.

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.