Osterweis Capital Management Inc. Purchases 271,896 Shares of NVIDIA Co. (NASDAQ:NVDA)

Osterweis Capital Management Inc. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2,750.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 281,781 shares of the computer hardware maker's stock after acquiring an additional 271,896 shares during the period. NVIDIA makes up 1.8% of Osterweis Capital Management Inc.'s holdings, making the stock its 14th largest position. Osterweis Capital Management Inc.'s holdings in NVIDIA were worth $37,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of NVIDIA in the 4th quarter valued at $43,515,504,000. Clear Street Derivatives LLC acquired a new position in shares of NVIDIA in the 3rd quarter valued at $4,589,905,000. Proficio Capital Partners LLC grew its holdings in shares of NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after buying an additional 34,441,082 shares during the period. APG Asset Management N.V. grew its holdings in shares of NVIDIA by 493.2% in the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock valued at $2,388,272,000 after buying an additional 15,311,330 shares during the period. Finally, GQG Partners LLC grew its holdings in shares of NVIDIA by 132.3% in the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock valued at $3,450,975,000 after buying an additional 14,636,057 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 0.4%

NVDA stock traded down $0.51 during trading on Thursday, hitting $134.83. The company had a trading volume of 225,714,934 shares, compared to its average volume of 295,380,357. The business has a 50-day moving average of $111.24 and a 200-day moving average of $127.14. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The stock has a market cap of $3.30 trillion, a PE ratio of 53.06, a PEG ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Bank of America upped their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday. TD Cowen dropped their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

Insiders Place Their Bets

In other news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

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.