O Keefe Stevens Advisory Inc. Has $27.06 Million Position in NVIDIA Co. (NASDAQ:NVDA)

O Keefe Stevens Advisory Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,151 shares of the computer hardware maker’s stock after purchasing an additional 945 shares during the quarter. NVIDIA makes up 16.1% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its biggest position. O Keefe Stevens Advisory Inc.’s holdings in NVIDIA were worth $27,058,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC boosted its position in shares of NVIDIA by 124.1% during the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 108 shares during the last quarter. Horizons Wealth Management purchased a new position in NVIDIA in the second quarter worth about $41,000. Riggs Asset Managment Co. Inc. boosted its position in NVIDIA by 271.2% in the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock worth $30,000 after purchasing an additional 179 shares during the last quarter. FSC Wealth Advisors LLC raised its stake in shares of NVIDIA by 313.6% in the third quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 207 shares during the period. Finally, Pin Oak Investment Advisors Inc. raised its stake in shares of NVIDIA by 100.0% in the second quarter. Pin Oak Investment Advisors Inc. now owns 280 shares of the computer hardware maker’s stock worth $42,000 after buying an additional 140 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 293 shares of the business’s stock in a transaction on Monday, December 19th. The stock was sold at an average price of $165.80, for a total value of $48,579.40. Following the completion of the transaction, the director now directly owns 2,417 shares of the company’s stock, valued at approximately $400,738.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Debora Shoquist sold 23,532 shares of the business’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $205.00, for a total value of $4,824,060.00. Following the completion of the transaction, the executive vice president now directly owns 162,944 shares of the company’s stock, valued at approximately $33,403,520. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 293 shares of the business’s stock in a transaction on Monday, December 19th. The stock was sold at an average price of $165.80, for a total value of $48,579.40. Following the completion of the transaction, the director now directly owns 2,417 shares of the company’s stock, valued at $400,738.60. The disclosure for this sale can be found here. Insiders sold a total of 293,066 shares of company stock valued at $51,229,679 in the last ninety days. Corporate insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVDA. Craig Hallum lifted their target price on NVIDIA from $165.00 to $190.00 and gave the company a “hold” rating in a research note on Thursday, February 23rd. Robert W. Baird lifted their target price on NVIDIA from $150.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Truist Financial lifted their target price on NVIDIA from $238.00 to $266.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Tigress Financial decreased their target price on NVIDIA from $310.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, December 8th. Finally, BMO Capital Markets lifted their target price on NVIDIA from $210.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $245.32.

NVIDIA Trading Up 0.7 %

Shares of NASDAQ NVDA opened at $257.25 on Friday. The company has a quick ratio of 2.73, a current ratio of 3.52 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $210.84 and a two-hundred day simple moving average of $166.91. The firm has a market cap of $635.41 billion, a PE ratio of 147.84, a price-to-earnings-growth ratio of 4.27 and a beta of 1.76. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $289.46.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6.02 billion. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. NVIDIA’s revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. Analysts expect that NVIDIA Co. will post 3.21 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.06%. The ex-dividend date is Tuesday, March 7th. NVIDIA’s dividend payout ratio (DPR) is presently 9.20%.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.