Osprey Private Wealth LLC Purchases 120 Shares of NVIDIA Co. (NASDAQ:NVDA)

Osprey Private Wealth LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,590 shares of the computer hardware maker’s stock after buying an additional 120 shares during the period. NVIDIA makes up approximately 6.5% of Osprey Private Wealth LLC’s investment portfolio, making the stock its largest position. Osprey Private Wealth LLC’s holdings in NVIDIA were worth $9,345,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Groesbeck Investment Management Corp NJ grew its stake in NVIDIA by 5.3% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 13,890 shares of the computer hardware maker’s stock worth $1,865,000 after buying an additional 700 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in NVIDIA during the fourth quarter worth about $8,635,000. Alexander Labrunerie & CO. Inc. grew its stake in NVIDIA by 3.2% during the fourth quarter. Alexander Labrunerie & CO. Inc. now owns 56,696 shares of the computer hardware maker’s stock worth $7,614,000 after buying an additional 1,768 shares in the last quarter. Stratos Investment Management LLC boosted its stake in shares of NVIDIA by 3.9% in the 4th quarter. Stratos Investment Management LLC now owns 138,490 shares of the computer hardware maker’s stock valued at $18,598,000 after purchasing an additional 5,140 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of NVIDIA by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,177,296 shares of the computer hardware maker’s stock valued at $158,099,000 after purchasing an additional 17,526 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Bank of America raised their price target on shares of NVIDIA from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Citigroup raised their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research note on Monday, February 24th. Finally, Raymond James raised their price target on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.62.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 in the last three months. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $115.99 on Wednesday. The company has a fifty day simple moving average of $133.19 and a 200 day simple moving average of $132.00. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.83 trillion, a P/E ratio of 45.65, a PEG ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio is 1.36%.

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.