Fiduciary Group LLC Makes New $203,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

Fiduciary Group LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 772 shares of the computer hardware maker’s stock, valued at approximately $203,000.

Other institutional investors also recently added to or reduced their stakes in the company. Accurate Investment Solutions Inc. boosted its position in NVIDIA by 111.1% in the 1st quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. PrairieView Partners LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at approximately $26,000. Howard Wealth Management LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Stonebridge Financial Planning Group LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Finally, Archer Investment Corp purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

NVDA has been the topic of a number of recent analyst reports. Nomura Securities reiterated a “sell” rating and set a $230.00 target price on shares of NVIDIA in a research report on Wednesday, March 4th. Credit Suisse Group initiated coverage on NVIDIA in a research report on Thursday. They set an “outperform” rating and a $425.00 target price on the stock. Piper Sandler increased their target price on NVIDIA from $350.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday. Mizuho reiterated a “buy” rating and set a $400.00 target price (up previously from $295.00) on shares of NVIDIA in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on NVIDIA from $305.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $340.68.

In related news, Director James C. Gaither sold 15,669 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $269.41, for a total transaction of $4,221,385.29. Following the completion of the sale, the director now owns 2,221 shares in the company, valued at $598,359.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $266.02, for a total value of $2,660,200.00. Following the sale, the director now owns 160,545 shares of the company’s stock, valued at approximately $42,708,180.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,669 shares of company stock valued at $27,025,985. 4.64% of the stock is owned by company insiders.

Shares of NVDA traded up $10.04 during midday trading on Friday, hitting $361.05. The company had a trading volume of 25,601,366 shares, compared to its average volume of 12,644,931. The company’s 50-day simple moving average is $292.70 and its 200-day simple moving average is $252.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.13 and a current ratio of 7.67. The firm has a market capitalization of $215.92 billion, a P/E ratio of 67.49, a P/E/G ratio of 3.68 and a beta of 1.33. NVIDIA Co. has a 1 year low of $132.60 and a 1 year high of $363.72.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.44. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3 billion. NVIDIA had a return on equity of 29.76% and a net margin of 28.17%. The business’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Equities analysts predict that NVIDIA Co. will post 6.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.18%. NVIDIA’s payout ratio is 13.94%.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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