Bear Mountain Capital Inc. Takes $618,000 Position in NVIDIA Co. (NASDAQ:NVDA)

Bear Mountain Capital Inc. purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,247 shares of the computer hardware maker’s stock, valued at approximately $618,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC lifted its stake in NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after buying an additional 5,998 shares in the last quarter. TrueMark Investments LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $2,639,000. McLean Asset Management Corp lifted its stake in NVIDIA by 11.7% in the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after purchasing an additional 186 shares in the last quarter. Shilanski & Associates Inc. lifted its stake in NVIDIA by 15.9% in the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after purchasing an additional 410 shares in the last quarter. Finally, WealthPLAN Partners LLC lifted its stake in NVIDIA by 14.3% in the 4th quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock worth $3,931,000 after purchasing an additional 996 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $795.18 on Tuesday. The company has a fifty day simple moving average of $846.17 and a two-hundred day simple moving average of $627.28. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. As a group, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 over the last ninety days. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVDA. KeyCorp raised their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Citigroup raised their target price on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. DA Davidson raised their target price on shares of NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Benchmark reaffirmed a “buy” rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group lifted their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $940.30.

About NVIDIA

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.