Fiduciary Planning LLC Buys Shares of 1,031 NVIDIA Co. (NASDAQ:NVDA)

Fiduciary Planning LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,031 shares of the computer hardware maker's stock, valued at approximately $511,000.

Several other institutional investors have also recently made changes to their positions in the company. Confluence Wealth Services Inc. raised its position in shares of NVIDIA by 6.3% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,336 shares of the computer hardware maker's stock worth $2,642,000 after acquiring an additional 315 shares in the last quarter. Altus Wealth Management LLC raised its position in shares of NVIDIA by 34.0% in the 4th quarter. Altus Wealth Management LLC now owns 811 shares of the computer hardware maker's stock worth $401,000 after acquiring an additional 206 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of NVIDIA by 9.3% in the 4th quarter. International Assets Investment Management LLC now owns 34,059 shares of the computer hardware maker's stock worth $16,867,000 after acquiring an additional 2,893 shares in the last quarter. LA Financiere DE L Echiquier increased its position in NVIDIA by 23.8% during the 4th quarter. LA Financiere DE L Echiquier now owns 262,132 shares of the computer hardware maker's stock valued at $129,813,000 after buying an additional 50,381 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its position in NVIDIA by 7,743.9% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 7,687 shares of the computer hardware maker's stock valued at $3,806,000 after buying an additional 7,589 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on NVIDIA from $911.00 to $1,177.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Piper Sandler Companies raised their price objective on NVIDIA to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Loop Capital assumed coverage on NVIDIA in a research report on Friday, February 16th. They set a "buy" rating and a $1,200.00 price objective for the company. Needham & Company LLC raised their price objective on NVIDIA from $600.00 to $850.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Finally, Piper Sandler increased their target price on NVIDIA from $850.00 to $1,050.00 and gave the company an "overweight" rating in a research note on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $940.30.

NVIDIA Stock Performance

NASDAQ NVDA traded up $14.14 on Tuesday, hitting $874.15. 36,911,542 shares of the company traded hands, compared to its average volume of 51,935,148. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The business's 50 day moving average price is $834.27 and its 200-day moving average price is $613.81. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 73.21, a P/E/G ratio of 1.27 and a beta of 1.73. NVIDIA Co. has a 52-week low of $262.25 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analysts' expectations of $20.40 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business's revenue was up 265.3% compared to the same quarter last year. Equities analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's payout ratio is 1.34%.

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.