FourThought Financial Partners LLC Has $23.94 Million Position in NVIDIA Co. (NASDAQ:NVDA)

FourThought Financial Partners LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,247 shares of the computer hardware maker's stock after purchasing an additional 3,548 shares during the quarter. NVIDIA comprises about 2.5% of FourThought Financial Partners LLC's investment portfolio, making the stock its 5th largest position. FourThought Financial Partners LLC's holdings in NVIDIA were worth $23,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hoertkorn Richard Charles grew its position in shares of NVIDIA by 2.0% in the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after purchasing an additional 70 shares during the period. DiNuzzo Private Wealth Inc. boosted its stake in NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after buying an additional 71 shares during the last quarter. Smart Portfolios LLC grew its holdings in NVIDIA by 2.7% in the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after buying an additional 75 shares during the period. Palisade Asset Management LLC increased its stake in shares of NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after acquiring an additional 75 shares during the last quarter. Finally, Baker Boyer National Bank lifted its holdings in shares of NVIDIA by 3.3% during the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after acquiring an additional 76 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 183,609 shares of company stock worth $22,642,615 in the last three months. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

NASDAQ NVDA traded up $1.77 during trading hours on Tuesday, hitting $110.15. The company had a trading volume of 221,470,191 shares, compared to its average volume of 313,731,974. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The firm has a market cap of $2.69 trillion, a P/E ratio of 43.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $124.42 and a 200-day simple moving average of $131.53.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Bank of America reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities reissued a "buy" rating and set a $220.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Mizuho reduced their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $171.51.

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.