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

Fiduciary Planning LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 56.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,933 shares of the computer hardware maker’s stock after purchasing an additional 7,573 shares during the quarter. NVIDIA makes up 0.9% of Fiduciary Planning LLC’s holdings, making the stock its 21st biggest position. Fiduciary Planning LLC’s holdings in NVIDIA were worth $2,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of NVDA. Christopher J. Hasenberg Inc acquired a new position in NVIDIA during the third quarter worth about $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA during the second quarter worth about $31,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the fourth quarter worth about $34,000. West Financial Advisors LLC acquired a new position in NVIDIA during the third quarter worth about $36,000. Finally, Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $124.81 on Friday. 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 one year low of $75.61 and a one year high of $153.13. The firm has a market capitalization of $3.05 trillion, a PE ratio of 49.12, a P/E/G ratio of 1.76 and a beta of 1.62. The firm has a 50-day moving average of $134.19 and a two-hundred day moving average of $132.03.

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

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. The Goldman Sachs Group lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday. Finally, Raymond James boosted their price target on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $169.62.

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.