NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by First Foundation Advisors

First Foundation Advisors boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 13.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,749 shares of the computer hardware maker's stock after purchasing an additional 24,127 shares during the period. NVIDIA comprises 1.1% of First Foundation Advisors' investment portfolio, making the stock its 21st biggest position. First Foundation Advisors' holdings in NVIDIA were worth $28,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 4th quarter valued at $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter worth $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at about $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Up 3.5%

NVDA stock traded up $4.55 during mid-day trading on Wednesday, reaching $134.48. The company had a trading volume of 135,482,578 shares, compared to its average volume of 281,735,813. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $3.29 trillion, a PE ratio of 52.93, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The firm has a 50 day moving average of $110.79 and a 200 day moving average of $127.08. NVIDIA Co. 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 earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVDA shares. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. UBS Group reduced their price objective on shares of NVIDIA from $180.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $164.84.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Company 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.