Fiduciary Alliance LLC Buys 19,064 Shares of NVIDIA Co. (NASDAQ:NVDA)

Fiduciary Alliance LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,826 shares of the computer hardware maker’s stock after acquiring an additional 19,064 shares during the period. NVIDIA accounts for about 2.4% of Fiduciary Alliance LLC’s portfolio, making the stock its 7th largest holding. Fiduciary Alliance LLC’s holdings in NVIDIA were worth $23,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Winthrop Advisory Group LLC increased its position in shares of NVIDIA by 12.4% during the fourth quarter. Winthrop Advisory Group LLC now owns 33,317 shares of the computer hardware maker’s stock worth $4,474,000 after acquiring an additional 3,676 shares during the period. Crescent Sterling Ltd. raised its holdings in NVIDIA by 9.3% during the fourth quarter. Crescent Sterling Ltd. now owns 6,878 shares of the computer hardware maker’s stock worth $924,000 after purchasing an additional 583 shares in the last quarter. EWG Elevate Inc. raised its holdings in NVIDIA by 17.4% during the fourth quarter. EWG Elevate Inc. now owns 10,592 shares of the computer hardware maker’s stock worth $1,422,000 after purchasing an additional 1,568 shares in the last quarter. City Center Advisors LLC increased its holdings in NVIDIA by 22.9% in the fourth quarter. City Center Advisors LLC now owns 6,822 shares of the computer hardware maker’s stock valued at $916,000 after buying an additional 1,270 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in NVIDIA in the fourth quarter valued at about $155,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Melius Research raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Redburn Atlantic assumed coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Monday. Evercore ISI lifted their price target on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Benchmark reiterated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $165.23.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 over the last three months. 4.23% of the stock is owned by corporate insiders.

NVIDIA Trading Down 16.9 %

NVDA opened at $118.48 on Tuesday. The stock has a 50-day moving average of $138.72 and a 200 day moving average of $129.52. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $60.70 and a 12 month high of $153.13. The firm has a market cap of $2.90 trillion, a P/E ratio of 46.63, a P/E/G ratio of 2.65 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s revenue was up 93.6% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

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.