Family Firm Inc. Has $7.32 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Family Firm Inc. grew its position in NVIDIA Co. (NASDAQ:NVDA) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,279 shares of the computer hardware maker’s stock after acquiring an additional 3,840 shares during the period. NVIDIA accounts for 1.3% of Family Firm Inc.’s portfolio, making the stock its 19th largest holding. Family Firm Inc.’s holdings in NVIDIA were worth $7,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harrington Investments INC bought a new stake in NVIDIA during the 4th quarter worth about $606,000. Van Strum & Towne Inc. bought a new stake in NVIDIA during the 4th quarter worth approximately $269,000. Clearstead Trust LLC lifted its position in NVIDIA by 29.9% in the 4th quarter. Clearstead Trust LLC now owns 105,717 shares of the computer hardware maker’s stock valued at $14,197,000 after acquiring an additional 24,363 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in NVIDIA in the 4th quarter valued at approximately $2,444,000. Finally, Poinciana Advisors Group LLC bought a new position in NVIDIA in the fourth quarter valued at $813,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NVIDIA news, 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 transaction, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last quarter. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NVDA stock opened at $101.33 on Friday. The company has a fifty day moving average price of $116.56 and a 200-day moving average price of $129.86. NVIDIA Co. has a 52-week low of $76.40 and a 52-week high of $195.95. The company has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Bank of America reduced their price target on NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, UBS Group reduced their target price on shares of NVIDIA from $185.00 to $180.00 and set a “buy” rating for the company in a report on Thursday. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $165.51.

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.