NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Fiduciary Trust Co

Fiduciary Trust Co lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 642,791 shares of the computer hardware maker’s stock after buying an additional 24,210 shares during the period. NVIDIA makes up about 1.1% of Fiduciary Trust Co’s investment portfolio, making the stock its 15th largest holding. Fiduciary Trust Co’s holdings in NVIDIA were worth $86,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Regent Peak Wealth Advisors LLC lifted its position in NVIDIA by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker’s stock worth $10,989,000 after purchasing an additional 322 shares during the period. Partnership Wealth Management LLC increased its holdings in shares of NVIDIA by 4.6% in the fourth quarter. Partnership Wealth Management LLC now owns 9,809 shares of the computer hardware maker’s stock valued at $1,317,000 after buying an additional 429 shares in the last quarter. Wealth Group Ltd. increased its holdings in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after buying an additional 100 shares in the last quarter. Baker Tilly Wealth Management LLC increased its holdings in shares of NVIDIA by 0.8% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 58,975 shares of the computer hardware maker’s stock valued at $7,920,000 after buying an additional 469 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in shares of NVIDIA by 23.5% in the fourth quarter. ORG Partners LLC now owns 71,958 shares of the computer hardware maker’s stock valued at $9,664,000 after buying an additional 13,669 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $131.29 on Tuesday. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The firm has a 50 day moving average of $114.17 and a 200-day moving average of $126.54. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.21 trillion, a P/E ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Activity at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on 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 directly 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 valued at $17,133,207 over the last quarter. Corporate insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NVDA. Barclays dropped their price target on NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. DA Davidson cut their target price on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Wedbush downgraded shares of NVIDIA from an “outperform” rating to a “cautious” rating in a research note on Friday. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $167.53.

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.