Osprey Private Wealth LLC Grows Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Osprey Private Wealth LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 18.5% in the first quarter, HoldingsChannel reports. The firm owned 82,430 shares of the computer hardware maker’s stock after purchasing an additional 12,840 shares during the period. NVIDIA makes up approximately 5.3% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 3rd biggest holding. Osprey Private Wealth LLC’s holdings in NVIDIA were worth $8,934,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NVDA. Wealth Group Ltd. lifted its position in NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock worth $766,000 after buying an additional 100 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in NVIDIA during the 4th quarter worth $972,000. Capital & Planning LLC grew its stake in shares of NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock worth $1,021,000 after purchasing an additional 1,099 shares during the period. Ironwood Wealth Management LLC. increased its stake in shares of NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock valued at $871,000 after acquiring an additional 104 shares during the last quarter. Finally, Brighton Jones LLC increased its stake in NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NVDA shares. Piper Sandler restated an “overweight” rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Rosenblatt Securities raised their target price 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. Citigroup reaffirmed a “buy” rating and set a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Susquehanna restated a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Morgan Stanley restated an “overweight” rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.78.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the sale, the director now directly owns 201,044 shares of the company’s stock, valued at $27,104,752.08. This represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director A Brooke Seawell sold 50,980 shares of NVIDIA stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $156.92, for a total value of $7,999,781.60. Following the transaction, the director now directly owns 1,679,361 shares in the company, valued at approximately $263,525,328.12. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,792,267 shares of company stock valued at $544,823,117 over the last three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.8%

NVDA stock opened at $157.75 on Friday. The stock’s 50 day simple moving average is $130.96 and its 200 day simple moving average is $127.05. The company has a market cap of $3.85 trillion, a P/E ratio of 50.89, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company earned $0.61 earnings per share. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 1.29%.

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.