Fiduciary Alliance LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,319 shares of the computer hardware maker's stock after purchasing an additional 4,493 shares during the quarter. NVIDIA makes up 1.9% of Fiduciary Alliance LLC's portfolio, making the stock its 7th largest holding. Fiduciary Alliance LLC's holdings in NVIDIA were worth $19,651,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Wealth Group Ltd. raised its position in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares in the last quarter. Tallon Kerry Patrick purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $972,000. Capital & Planning LLC raised its position in NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares during the period. Ironwood Wealth Management LLC. increased its stake in NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 104 shares during the period. Finally, Perfromance Wealth Partners LLC raised its holdings in shares of NVIDIA by 0.6% during the fourth quarter. Perfromance Wealth Partners LLC now owns 1,313,873 shares of the computer hardware maker's stock worth $176,440,000 after acquiring an additional 7,560 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company'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. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director now owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is currently owned by corporate insiders.
NVIDIA Stock Performance
NVIDIA stock traded down $3.03 on Friday, hitting $141.97. The company's stock had a trading volume of 180,270,368 shares, compared to its average volume of 276,444,292. NVIDIA Co. has a one year low of $86.62 and a one year high of $153.13. The firm has a market cap of $3.46 trillion, a P/E ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $121.86 and a 200-day moving average price of $126.41.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 period in the previous year, the business posted $0.61 earnings per share. The firm's revenue was up 69.2% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Barclays reissued an "overweight" rating and issued a $170.00 target price (up from $155.00) on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Finally, DA Davidson upped their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $172.24.
View Our Latest Report on NVIDIA
NVIDIA Company Profile
(
Free Report)
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.
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