Fiduciary Group LLC Has $2.04 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Fiduciary Group LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,108 shares of the computer hardware maker’s stock after purchasing an additional 20 shares during the period. Fiduciary Group LLC’s holdings in NVIDIA were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meridian Wealth Partners LLC grew its holdings in shares of NVIDIA by 5.3% during the 4th quarter. Meridian Wealth Partners LLC now owns 2,803 shares of the computer hardware maker’s stock worth $1,388,000 after purchasing an additional 141 shares in the last quarter. Magnus Financial Group LLC grew its holdings in shares of NVIDIA by 1.9% during the 4th quarter. Magnus Financial Group LLC now owns 2,409 shares of the computer hardware maker’s stock worth $1,193,000 after purchasing an additional 44 shares in the last quarter. Convergence Investment Partners LLC grew its holdings in shares of NVIDIA by 9.9% during the 4th quarter. Convergence Investment Partners LLC now owns 5,733 shares of the computer hardware maker’s stock worth $2,839,000 after purchasing an additional 515 shares in the last quarter. Kapstone Financial Advisors LLC grew its holdings in shares of NVIDIA by 21.6% during the 4th quarter. Kapstone Financial Advisors LLC now owns 1,708 shares of the computer hardware maker’s stock worth $846,000 after purchasing an additional 303 shares in the last quarter. Finally, Intellectus Partners LLC grew its holdings in shares of NVIDIA by 26.2% during the 4th quarter. Intellectus Partners LLC now owns 8,471 shares of the computer hardware maker’s stock worth $4,195,000 after purchasing an additional 1,759 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NVDA. Bank of America upped their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Wolfe Research upped their price objective on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Morgan Stanley upped their price objective on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Evercore ISI began coverage on NVIDIA in a research report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 price objective for the company. Finally, HSBC upped their price objective on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Four investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $941.55.

Insider Activity

In other news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 over the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Trading Up 3.8 %

Shares of NVIDIA stock opened at $921.40 on Tuesday. NVIDIA Co. has a 52 week low of $280.46 and a 52 week high of $974.00. 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 stock has a 50 day moving average price of $869.99 and a two-hundred day moving average price of $655.88. The stock has a market capitalization of $2.30 trillion, a PE ratio of 77.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders 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 dividend payout ratio is presently 1.34%.

About NVIDIA

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.