O Brien Greene & Co. Inc Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

O Brien Greene & Co. Inc boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 25.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 754 shares of the computer hardware maker’s stock after purchasing an additional 154 shares during the quarter. O Brien Greene & Co. Inc’s holdings in NVIDIA were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Progressive Investment Management Corp lifted its position in shares of NVIDIA by 764.2% in the 3rd quarter. Progressive Investment Management Corp now owns 11,295 shares of the computer hardware maker’s stock worth $4,913,000 after purchasing an additional 9,988 shares during the period. Investment Advisory Services Inc. TX ADV raised its stake in NVIDIA by 24.6% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 623 shares of the computer hardware maker’s stock worth $271,000 after buying an additional 123 shares in the last quarter. ACT Advisors LLC. purchased a new stake in NVIDIA during the third quarter worth $257,000. Zullo Investment Group Inc. boosted its position in NVIDIA by 1.0% during the 3rd quarter. Zullo Investment Group Inc. now owns 14,140 shares of the computer hardware maker’s stock valued at $6,151,000 after acquiring an additional 138 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its holdings in shares of NVIDIA by 23.8% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 4,588 shares of the computer hardware maker’s stock valued at $1,996,000 after acquiring an additional 881 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. The Goldman Sachs Group lifted their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Needham & Company LLC increased their target price on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Piper Sandler Companies upped their price target on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Morgan Stanley boosted their target price on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $941.55.

Insiders Place Their Bets

In other news, Director John Dabiri sold 128 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last ninety days. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $887.89 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock’s 50 day simple moving average is $867.38 and its 200-day simple moving average is $649.27. The company has a market cap of $2.22 trillion, a PE ratio of 74.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a 1-year low of $272.40 and a 1-year high of $974.00.

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

NVIDIA Announces Dividend

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

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.