Columbus Hill Capital Management L.P. Sells 197,701 Shares of NVIDIA Corporation $NVDA

Columbus Hill Capital Management L.P. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 67.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,000 shares of the computer hardware maker’s stock after selling 197,701 shares during the period. NVIDIA makes up 2.2% of Columbus Hill Capital Management L.P.’s portfolio, making the stock its 18th biggest position. Columbus Hill Capital Management L.P.’s holdings in NVIDIA were worth $15,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA during the second quarter worth $28,000. Winnow Wealth LLC acquired a new stake in NVIDIA during the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC lifted its holdings in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA during the 2nd quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA stock opened at $183.78 on Thursday. The company has a fifty day moving average price of $187.10 and a two-hundred day moving average price of $173.19. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The stock has a market cap of $4.47 trillion, a P/E ratio of 45.60, a P/E/G ratio of 0.91 and a beta of 2.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same period in the previous year, the business earned $0.81 EPS. NVIDIA’s revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Analyst Upgrades and Downgrades

Several analysts have commented on NVDA shares. Argus restated a “buy” rating and set a $220.00 target price on shares of NVIDIA in a report on Thursday, November 20th. President Capital raised their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 28th. JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Wedbush increased their target price on NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Wolfe Research boosted their price target on NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $258.65.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,029,931 shares of company stock valued at $548,443,455. 4.17% of the stock is owned by insiders.

NVIDIA 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.