1,031 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Fiduciary Planning LLC

Fiduciary Planning LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,031 shares of the computer hardware maker’s stock, valued at approximately $511,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Campbell Newman Asset Management Inc. grew its holdings in NVIDIA by 0.6% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock worth $1,481,000 after buying an additional 18 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in NVIDIA by 1.8% during the fourth quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock worth $523,000 after buying an additional 19 shares in the last quarter. Palumbo Wealth Management LLC grew its holdings in NVIDIA by 0.7% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock worth $1,395,000 after buying an additional 19 shares in the last quarter. Corundum Group Inc. grew its holdings in NVIDIA by 0.8% during the fourth quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker’s stock worth $1,179,000 after buying an additional 19 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in NVIDIA by 0.3% during the fourth quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock worth $3,463,000 after buying an additional 20 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Benchmark restated a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. DA Davidson upped their price objective on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Piper Sandler Companies upped their price objective on NVIDIA to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Finally, Bank of America upped their price objective on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $926.30.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last ninety days. 3.99% of the stock is owned by insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $860.01 on Tuesday. The business’s 50-day moving average price is $834.27 and its two-hundred day moving average price is $613.81. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The stock has a market cap of $2.15 trillion, a P/E ratio of 72.03, a PEG ratio of 1.27 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. As a group, equities analysts predict that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.