Greenwich Wealth Management LLC Has $88.13 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Greenwich Wealth Management LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,959 shares of the computer hardware maker’s stock after purchasing an additional 247 shares during the quarter. NVIDIA makes up 8.7% of Greenwich Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Greenwich Wealth Management LLC’s holdings in NVIDIA were worth $88,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new position in NVIDIA during the 4th quarter worth $28,000. Criterion Capital Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA during the third quarter worth about $30,000. O Brien Wealth Partners LLC lifted its stake in shares of NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the period. Finally, Trivant Custom Portfolio Group LLC increased its position in 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. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NVDA. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Craig Hallum upped their price target on shares of NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Wells Fargo & Company lifted their price objective on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Wolfe Research upped their target price on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 11,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $905.65, for a total value of $9,962,150.00. Following the sale, the director now directly owns 1,074,833 shares in the company, valued at $973,422,506.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $864.02 on Wednesday. The stock has a market cap of $2.16 trillion, a P/E ratio of 72.36, a P/E/G ratio of 1.26 and a beta of 1.73. 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 company’s 50 day moving average price is $860.82 and its two-hundred day moving average price is $643.52. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business 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 period last year, the company posted $0.65 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared 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 was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is currently 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.