NVIDIA Co. (NASDAQ:NVDA) Position Lifted by Family Firm Inc.

Family Firm Inc. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,279 shares of the computer hardware maker's stock after purchasing an additional 3,840 shares during the quarter. NVIDIA comprises 1.3% of Family Firm Inc.'s holdings, making the stock its 19th biggest position. Family Firm Inc.'s holdings in NVIDIA were worth $7,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Clear Street Derivatives LLC acquired a new stake in shares of NVIDIA in the third quarter worth $4,589,905,000. Proficio Capital Partners LLC increased its stake in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after acquiring an additional 34,441,082 shares during the period. Amundi increased its stake in shares of NVIDIA by 12.9% in the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after acquiring an additional 13,406,054 shares during the period. Geode Capital Management LLC increased its stake in shares of NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after acquiring an additional 11,525,969 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NVIDIA by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock worth $21,908,236,000 after acquiring an additional 6,526,200 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Piper Sandler lowered their target price on NVIDIA from $175.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Rosenblatt Securities decreased their price objective on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $165.01.

NVIDIA Trading Up 4.8 %

Shares of NASDAQ:NVDA traded up $4.73 during trading on Wednesday, reaching $103.62. The stock had a trading volume of 72,880,701 shares, compared to its average volume of 307,358,978. NVIDIA Co. has a fifty-two week low of $78.22 and a fifty-two week high of $195.95. The stock has a market cap of $2.53 trillion, a P/E ratio of 40.78, a PEG ratio of 1.76 and a beta of 1.96. The business has a fifty day moving average price of $115.15 and a 200-day moving average price of $129.50. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $38.16 billion. As a group, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were 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 was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.

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.