Investor s Fiduciary Advisor Network LLC Invests $2.46 Million in NVIDIA Co. (NASDAQ:NVDA)

Investor s Fiduciary Advisor Network LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,354 shares of the computer hardware maker's stock, valued at approximately $2,464,000. NVIDIA makes up 0.9% of Investor s Fiduciary Advisor Network LLC's investment portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hickory Point Bank & Trust acquired a new stake in NVIDIA in the 4th quarter valued at about $2,272,000. Capital Performance Advisors LLP raised its stake in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after acquiring an additional 9,944 shares in the last quarter. Waddell & Associates LLC raised its stake in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after acquiring an additional 297 shares in the last quarter. Strategy Asset Managers LLC raised its stake in NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after acquiring an additional 405 shares in the last quarter. Finally, Ethos Financial Group LLC raised its stake in NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after acquiring an additional 6,241 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup restated a "buy" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research note on Thursday. Rosenblatt Securities lifted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday. Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research note on Wednesday. Susquehanna restated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

NVIDIA Stock Down 3.5%

Shares of NVDA stock traded down $4.91 on Friday, hitting $134.28. The stock had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. The firm has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. The stock's 50 day moving average is $115.48 and its 200-day moving average is $126.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the company earned $0.61 earnings per share. The company's revenue was up 69.2% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last ninety days. 4.17% of the stock is owned by insiders.

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.