Fermata Advisors LLC Has $3.28 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Fermata Advisors LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,251 shares of the computer hardware maker’s stock after selling 1,944 shares during the quarter. Fermata Advisors LLC’s holdings in NVIDIA were worth $3,279,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hickory Point Bank & Trust bought a new position in NVIDIA in the 4th quarter valued at about $2,272,000. BTC Capital Management Inc. increased its holdings in NVIDIA by 2.3% in the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker’s stock valued at $35,785,000 after buying an additional 7,476 shares during the period. Capital Performance Advisors LLP increased its holdings in NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock valued at $3,586,000 after buying an additional 9,944 shares during the period. Waddell & Associates LLC increased its holdings in NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock valued at $3,240,000 after buying an additional 297 shares during the period. Finally, Strategy Asset Managers LLC increased its holdings in NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock valued at $7,024,000 after buying an additional 405 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NVDA. Citigroup reissued a “buy” rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Benchmark reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Mizuho upped their price objective on shares of NVIDIA from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, May 29th. Susquehanna reissued a “positive” rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Morgan Stanley reissued an “overweight” rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $172.24.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,560,845 shares of company stock valued at $360,351,849. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.9%

NVIDIA stock opened at $144.69 on Tuesday. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $153.13. The firm has a 50 day moving average price of $123.74 and a 200-day moving average price of $126.36. The company has a market capitalization of $3.53 trillion, a P/E ratio of 56.94, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up 69.2% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

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.