Carl P. Sherr & Co. LLC Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Carl P. Sherr & Co. LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,380 shares of the computer hardware maker’s stock after acquiring an additional 145 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in NVIDIA were worth $1,179,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA during the fourth quarter valued at $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the 3rd quarter valued at about $30,000. Trivant Custom Portfolio Group LLC grew its stake in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares during the period. O Brien Wealth Partners LLC increased its position in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares during the last quarter. Finally, Beacon Capital Management Inc. purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following 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. In the last ninety days, insiders have sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NVDA shares. Truist Financial upped their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Jefferies Financial Group upped their price objective on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Wolfe Research raised their target price on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. TD Cowen raised their price objective on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Wells Fargo & Company boosted their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Four 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Trading Up 3.7 %

Shares of NVDA stock opened at $826.32 on Friday. The company has a market cap of $2.07 trillion, a PE ratio of 69.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. NVIDIA Co. has a 1 year low of $266.25 and a 1 year high of $974.00. The stock’s 50 day simple moving average is $851.37 and its two-hundred day simple moving average is $632.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

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

NVIDIA Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend 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.