Obermeyer Wood Investment Counsel Lllp Buys Shares of 191,677 NVIDIA Co. (NVDA)

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Obermeyer Wood Investment Counsel Lllp bought a new position in NVIDIA Co. (NASDAQ:NVDA) in the first quarter, HoldingsChannel reports. The firm bought 191,677 shares of the computer hardware maker’s stock, valued at approximately $34,418,000. NVIDIA accounts for 3.2% of Obermeyer Wood Investment Counsel Lllp’s investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Bay Harbor Wealth Management LLC grew its holdings in NVIDIA by 41.4% during the first quarter. Bay Harbor Wealth Management LLC now owns 205 shares of the computer hardware maker’s stock worth $37,000 after purchasing an additional 60 shares during the period. LS Investment Advisors LLC grew its holdings in NVIDIA by 0.5% during the first quarter. LS Investment Advisors LLC now owns 11,952 shares of the computer hardware maker’s stock worth $2,146,000 after purchasing an additional 62 shares during the period. Tradewinds Capital Management LLC grew its holdings in NVIDIA by 19.8% during the first quarter. Tradewinds Capital Management LLC now owns 393 shares of the computer hardware maker’s stock worth $71,000 after purchasing an additional 65 shares during the period. Sky Investment Group LLC grew its holdings in NVIDIA by 0.9% during the first quarter. Sky Investment Group LLC now owns 7,160 shares of the computer hardware maker’s stock worth $1,286,000 after purchasing an additional 67 shares during the period. Finally, Atlas Brown Inc. grew its holdings in NVIDIA by 1.7% during the first quarter. Atlas Brown Inc. now owns 4,227 shares of the computer hardware maker’s stock worth $759,000 after purchasing an additional 70 shares during the period. 70.03% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on NVDA. TheStreet upgraded NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. DZ Bank cut NVIDIA to a “sell” rating and set a $170.00 price objective for the company. in a report on Friday, April 12th. Nomura began coverage on shares of NVIDIA in a research report on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 price target for the company. Finally, Zacks Investment Research upgraded shares of NVIDIA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $200.51.

In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the sale, the executive vice president now owns 171,783 shares of the company’s stock, valued at $31,779,855. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $183.33, for a total transaction of $2,583,486.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,029 shares of company stock worth $3,678,385. Insiders own 4.64% of the company’s stock.

Shares of NVDA opened at $162.04 on Thursday. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The company has a market cap of $96.42 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 3.82 and a beta of 1.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.94 and a quick ratio of 6.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The company’s revenue was down 24.3% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Co. will post 4.46 earnings per share for the current fiscal year.

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NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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