First Pacific Financial Has $2.11 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

First Pacific Financial lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,716 shares of the computer hardware maker’s stock after selling 2,726 shares during the quarter. NVIDIA makes up approximately 0.5% of First Pacific Financial’s investment portfolio, making the stock its 28th largest position. First Pacific Financial’s holdings in NVIDIA were worth $2,111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Truefg LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $778,000. Goldstone Financial Group LLC boosted its position in NVIDIA by 4.3% during the fourth quarter. Goldstone Financial Group LLC now owns 25,214 shares of the computer hardware maker’s stock worth $3,386,000 after purchasing an additional 1,046 shares during the period. Capital & Planning LLC increased its holdings in shares of NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock valued at $1,021,000 after purchasing an additional 1,099 shares during the last quarter. Sterling Financial Group Inc. raised its position in shares of NVIDIA by 1.3% in the fourth quarter. Sterling Financial Group Inc. now owns 15,424 shares of the computer hardware maker’s stock valued at $2,071,000 after purchasing an additional 199 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of NVIDIA during the 4th quarter worth about $1,498,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $118.65 on Wednesday. NVIDIA Co. has a 52-week low of $66.25 and a 52-week high of $153.13. The company has a fifty day moving average of $136.19 and a 200-day moving average of $129.38. The company has a market capitalization of $2.91 trillion, a P/E ratio of 46.69, a P/E/G ratio of 2.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. As a group, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a $0.01 dividend. 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%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Melius Research boosted their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. DA Davidson increased their price objective on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. TD Cowen boosted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Loop Capital reaffirmed a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’s 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 sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value 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. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Insiders own 4.23% of the company’s stock.

About NVIDIA

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.