Crestwood Advisors Group LLC Purchases 6,685 Shares of NVIDIA Co. (NASDAQ:NVDA)

Crestwood Advisors Group LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333,742 shares of the computer hardware maker's stock after acquiring an additional 6,685 shares during the period. Crestwood Advisors Group LLC's holdings in NVIDIA were worth $44,818,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NVDA. AMF Tjanstepension AB boosted its stake in shares of NVIDIA by 2.2% during the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after acquiring an additional 169,445 shares in the last quarter. Wealth Group Ltd. boosted its position in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after purchasing an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after purchasing an additional 350 shares during the last quarter. Swedbank AB increased its position in shares of NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after buying an additional 1,868,358 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its stake in shares of NVIDIA by 6.8% during the 3rd quarter. Stanley Laman Group Ltd. now owns 60,691 shares of the computer hardware maker's stock worth $7,370,000 after buying an additional 3,883 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

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Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho reduced their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Rosenblatt Securities reissued a "buy" rating and set a $220.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $1.77 during midday trading on Tuesday, reaching $110.15. The company's stock had a trading volume of 216,699,398 shares, compared to its average volume of 314,275,604. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.69 trillion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The company has a 50 day moving average price of $124.42 and a 200 day moving average price of $131.53.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's payout ratio is presently 1.36%.

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.