FFT Wealth Management LLC Purchases 5,246 Shares of NVIDIA Co. (NASDAQ:NVDA)

FFT Wealth Management LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 16.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,601 shares of the computer hardware maker's stock after purchasing an additional 5,246 shares during the period. FFT Wealth Management LLC's holdings in NVIDIA were worth $5,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in NVIDIA by 2.2% during the 3rd 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in NVIDIA by 3.8% during 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 valued at $21,908,236,000 after acquiring an additional 6,526,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NVIDIA by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker's stock worth $17,738,630,000 after purchasing an additional 2,042,348 shares during the period. Fisher Asset Management LLC boosted its holdings in NVIDIA by 3.5% in the third quarter. Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker's stock worth $11,745,763,000 after acquiring an additional 3,283,380 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of NVIDIA by 0.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,615,639 shares of the computer hardware maker's stock valued at $8,542,944,000 after buying an additional 186,761 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have commented on NVDA shares. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Bank of America restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho decreased their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $169.89.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,609 shares of company stock worth $22,642,615. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $8.62 during midday trading on Thursday, hitting $101.80. The company had a trading volume of 335,022,532 shares, compared to its average volume of 312,976,744. The company has a fifty day moving average of $123.07 and a two-hundred day moving average of $131.32. The company has a market cap of $2.48 trillion, a price-to-earnings ratio of 40.06, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

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.