Fiduciary Planning LLC Purchases 3,115 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Fiduciary Planning LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,048 shares of the computer hardware maker's stock after buying an additional 3,115 shares during the quarter. NVIDIA accounts for approximately 0.9% of Fiduciary Planning LLC's holdings, making the stock its 21st biggest holding. Fiduciary Planning LLC's holdings in NVIDIA were worth $2,606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Norges Bank purchased a new position in shares of NVIDIA in the fourth quarter valued at about $43,515,504,000. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 48,439,859 shares during the period. Northern Trust Corp grew its stake in shares of 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 increased its holdings in NVIDIA by 14,641.2% during 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 position in NVIDIA during the 4th quarter valued at about $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the sale, the director now directly owns 201,044 shares of the company's stock, valued at $27,104,752.08. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,469,685 shares of company stock worth $349,669,962. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Monday. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America boosted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Susquehanna restated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $173.05.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $145.48 on Friday. The firm has a market cap of $3.55 trillion, a P/E ratio of 46.93, a PEG ratio of 1.28 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $153.13. 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 company has a 50 day moving average of $125.72 and a 200 day moving average of $126.66.

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

NVIDIA Announces Dividend

The firm also recently announced 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 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.

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