Fiduciary Financial Group LLC Has $9.29 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Fiduciary Financial Group LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,361 shares of the computer hardware maker’s stock after buying an additional 1,924 shares during the quarter. NVIDIA makes up approximately 2.0% of Fiduciary Financial Group LLC’s portfolio, making the stock its 11th largest position. Fiduciary Financial Group LLC’s holdings in NVIDIA were worth $9,291,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NVDA. Mayfair Advisory Group LLC grew its position in NVIDIA by 14.1% during the 4th quarter. Mayfair Advisory Group LLC now owns 20,435 shares of the computer hardware maker’s stock worth $2,744,000 after purchasing an additional 2,520 shares in the last quarter. Affinity Capital Advisors LLC grew its holdings in shares of NVIDIA by 8.8% during the fourth quarter. Affinity Capital Advisors LLC now owns 7,290 shares of the computer hardware maker’s stock valued at $1,022,000 after buying an additional 588 shares in the last quarter. Quantum Financial Advisors LLC raised its position in NVIDIA by 37.7% during the fourth quarter. Quantum Financial Advisors LLC now owns 43,649 shares of the computer hardware maker’s stock valued at $5,862,000 after buying an additional 11,940 shares during the period. Crane Advisory LLC lifted its stake in NVIDIA by 38.3% in the 4th quarter. Crane Advisory LLC now owns 7,075 shares of the computer hardware maker’s stock worth $1,022,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Tlwm boosted its position in NVIDIA by 3.0% during the 4th quarter. Tlwm now owns 10,443 shares of the computer hardware maker’s stock worth $1,402,000 after acquiring an additional 301 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $120.07 on Friday. NVIDIA Co. has a twelve month low of $60.70 and a twelve month high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.94 trillion, a P/E ratio of 47.25, a PEG ratio of 2.23 and a beta of 1.64. The company’s 50-day simple moving average is $137.02 and its 200 day simple moving average is $129.37.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the prior year, the firm posted $0.38 EPS. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. Mizuho boosted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Citigroup upped their price target on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. DA Davidson upped their target price on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Wedbush lifted their price target on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $166.23.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares of the company’s stock, valued at $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 valued at $146,506,958 in the last ninety days. Insiders own 4.23% of the company’s stock.

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.