Fiduciary Financial Group LLC Increases Stake in NVIDIA Corporation (NASDAQ:NVDA)

Fiduciary Financial Group LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,290 shares of the computer hardware maker's stock after purchasing an additional 1,929 shares during the period. NVIDIA makes up 1.6% of Fiduciary Financial Group LLC's investment portfolio, making the stock its 12th largest holding. Fiduciary Financial Group LLC's holdings in NVIDIA were worth $7,561,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NVDA. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC lifted its holdings in NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Northern Trust Corp boosted its position in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC grew its stake in 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 purchasing an additional 34,441,082 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of NVIDIA during the 4th quarter valued at $2,987,733,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NVDA shares. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, Barclays raised their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $173.05.

Insider Activity at NVIDIA

In related news, Director Robert K. Burgess sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total value of $6,741,000.00. Following the sale, the director now owns 201,044 shares in the company, valued at approximately $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 20,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the sale, the chief financial officer now owns 173,060 shares of the company's stock, valued at approximately $24,956,982.60. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,393,863 shares of company stock valued at $483,709,832. 4.17% of the stock is owned by insiders.

NVIDIA Stock Up 2.6%

Shares of NASDAQ:NVDA traded up $3.73 during midday trading on Tuesday, reaching $147.90. The company's stock had a trading volume of 187,010,174 shares, compared to its average volume of 270,622,127. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $127.76 and a 200-day moving average of $126.59. The firm has a market capitalization of $3.61 trillion, a P/E ratio of 47.71, a PEG ratio of 1.27 and a beta of 2.12. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the company posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.