FFT Wealth Management LLC Acquires 5,246 Shares of NVIDIA Co. (NASDAQ:NVDA)

FFT Wealth Management LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,601 shares of the computer hardware maker’s stock after acquiring an additional 5,246 shares during the quarter. FFT Wealth Management LLC’s holdings in NVIDIA were worth $5,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Delta Financial Advisors LLC boosted its position in NVIDIA by 2.7% in the 4th quarter. Delta Financial Advisors LLC now owns 85,179 shares of the computer hardware maker’s stock valued at $11,439,000 after buying an additional 2,210 shares during the last quarter. Longbow Finance SA boosted its holdings in NVIDIA by 23.2% in the fourth quarter. Longbow Finance SA now owns 647,575 shares of the computer hardware maker’s stock valued at $86,963,000 after acquiring an additional 121,757 shares during the last quarter. MorganRosel Wealth Management LLC increased its position in NVIDIA by 34.7% in the fourth quarter. MorganRosel Wealth Management LLC now owns 7,599 shares of the computer hardware maker’s stock worth $1,020,000 after purchasing an additional 1,959 shares during the period. Illinois Municipal Retirement Fund raised its holdings in NVIDIA by 0.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 1,509,249 shares of the computer hardware maker’s stock worth $202,677,000 after purchasing an additional 6,729 shares during the last quarter. Finally, Avalon Capital Management lifted its position in NVIDIA by 7.6% during the 4th quarter. Avalon Capital Management now owns 13,718 shares of the computer hardware maker’s stock valued at $1,842,000 after purchasing an additional 965 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NVDA. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho cut their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $110.15 on Wednesday. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The stock has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.35, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a 50-day moving average of $123.81 and a 200-day moving average of $131.47.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The stock was 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 owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock worth $22,642,615 over the last quarter. 4.23% of the stock is currently owned by insiders.

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.