NVIDIA Co. (NASDAQ:NVDA) is Fidelis Capital Partners LLC’s 7th Largest Position

Fidelis Capital Partners LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 38.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,082 shares of the computer hardware maker’s stock after buying an additional 5,272 shares during the quarter. NVIDIA makes up about 2.1% of Fidelis Capital Partners LLC’s portfolio, making the stock its 7th largest position. Fidelis Capital Partners LLC’s holdings in NVIDIA were worth $9,450,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Western Wealth Management LLC grew its position in shares of NVIDIA by 4.2% in the fourth quarter. Western Wealth Management LLC now owns 29,284 shares of the computer hardware maker’s stock valued at $14,502,000 after purchasing an additional 1,170 shares in the last quarter. Bender Robert & Associates grew its position in NVIDIA by 0.4% during the fourth quarter. Bender Robert & Associates now owns 75,039 shares of the computer hardware maker’s stock worth $37,161,000 after buying an additional 275 shares in the last quarter. Gray Wealth Management Inc. grew its position in NVIDIA by 2.7% during the fourth quarter. Gray Wealth Management Inc. now owns 845 shares of the computer hardware maker’s stock worth $418,000 after buying an additional 22 shares in the last quarter. Family Capital Management Inc. grew its position in NVIDIA by 2.9% during the fourth quarter. Family Capital Management Inc. now owns 1,327 shares of the computer hardware maker’s stock worth $657,000 after buying an additional 37 shares in the last quarter. Finally, Xponance Inc. grew its position in NVIDIA by 0.6% during the fourth quarter. Xponance Inc. now owns 569,154 shares of the computer hardware maker’s stock worth $281,856,000 after buying an additional 3,363 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price for the company. Citigroup boosted their target price on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a research note on Monday, March 4th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Up 6.2 %

NVDA stock opened at $877.35 on Friday. NVIDIA Co. has a fifty-two week low of $266.25 and a fifty-two week high of $974.00. The business’s 50 day moving average price is $854.40 and its two-hundred day moving average price is $636.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 73.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. As a group, analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’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 transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the 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 transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by corporate insiders.

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.