Fiduciary Alliance LLC Has $6.62 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Fiduciary Alliance LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,372 shares of the computer hardware maker’s stock after selling 92 shares during the period. NVIDIA comprises approximately 1.3% of Fiduciary Alliance LLC’s portfolio, making the stock its 24th largest position. Fiduciary Alliance LLC’s holdings in NVIDIA were worth $6,622,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Peoples Financial Services CORP. acquired a new position in shares of NVIDIA in the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the 3rd quarter worth approximately $30,000. Quarry LP acquired a new position in shares of NVIDIA in the 1st quarter worth approximately $34,000. Compass Wealth Management LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $39,000. Finally, Trivant Custom Portfolio Group LLC lifted its position in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the sale, the insider now directly owns 50,961 shares in the company, valued at $24,696,719.82. The disclosure for this sale can be found here. Insiders have sold a total of 105,352 shares of company stock valued at $64,853,077 over the last three months. 3.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NVDA. CICC Research began coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price target on the stock. Tigress Financial lifted their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Benchmark reiterated a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Piper Sandler Companies lifted their price objective on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $908.68.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $903.56 on Friday. The company’s 50-day moving average is $765.80 and its 200 day moving average is $571.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company has a market capitalization of $2.26 trillion, a P/E ratio of 75.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. On average, equities research analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

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.