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

First Pacific Financial cut its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,716 shares of the computer hardware maker's stock after selling 2,726 shares during the period. NVIDIA makes up 0.5% of First Pacific Financial's holdings, making the stock its 28th largest position. First Pacific Financial's holdings in NVIDIA were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC acquired a new stake in NVIDIA in the 2nd quarter valued at $27,000. Christopher J. Hasenberg Inc acquired a new position in NVIDIA during the third quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NVIDIA during the 2nd quarter worth approximately $31,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $34,000. Finally, West Financial Advisors LLC acquired a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 716 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock valued at $146,506,958 in the last ninety days. Company insiders own 4.23% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $3.85 during trading on Thursday, reaching $128.68. The company's stock had a trading volume of 250,020,020 shares, compared to its average volume of 295,406,688. The business has a 50 day moving average price of $135.62 and a 200-day moving average price of $129.35. The company has a market capitalization of $3.15 trillion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62. 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 Co. has a 12-month low of $66.25 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's dividend payout ratio is currently 1.57%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Robert W. Baird upped their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $115.00 to $140.00 and gave the stock a "hold" rating in a report on Thursday, November 21st. Phillip Securities reiterated an "accumulate" rating and issued a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Finally, Susquehanna lifted their target price on NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Four 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $166.23.

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.