Greystone Financial Group LLC Buys 49 Shares of NVIDIA Co. (NASDAQ:NVDA)

Greystone Financial Group LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,877 shares of the computer hardware maker’s stock after buying an additional 49 shares during the period. Greystone Financial Group LLC’s holdings in NVIDIA were worth $1,696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA purchased a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new stake in NVIDIA in the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA in the third quarter worth approximately $30,000. Able Wealth Management LLC purchased a new stake in NVIDIA in the fourth quarter worth approximately $32,000. Finally, Trivant Custom Portfolio Group LLC boosted its stake in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NVDA. Oppenheimer upped their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. Jefferies Financial Group increased their price objective on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Loop Capital began coverage on NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Finally, Susquehanna reissued a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $941.55.

NVIDIA Stock Down 1.5 %

Shares of NASDAQ:NVDA traded down $13.55 on Tuesday, hitting $864.02. 36,070,525 shares of the company traded hands, compared to its average volume of 51,807,828. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $860.82 and a 200-day simple moving average of $643.52. The company has a market cap of $2.16 trillion, a PE ratio of 72.36, a PEG ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued 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. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s revenue was up 265.3% on a year-over-year basis. As a group, research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current 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 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 presently 1.34%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders have sold 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.

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.