Heritage Family Offices LLP Has $578,000 Holdings in NVIDIA Co. (NASDAQ:NVDA)

Heritage Family Offices LLP grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 111.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,302 shares of the computer hardware maker's stock after buying an additional 2,272 shares during the period. Heritage Family Offices LLP's holdings in NVIDIA were worth $578,000 as of its most recent SEC filing.

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

NVIDIA Trading Down 3.7 %

Shares of NASDAQ:NVDA opened at $120.07 on Monday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $60.70 and a 1 year high of $153.13. The firm has a fifty day moving average price of $136.58 and a 200 day moving average price of $129.33. The stock has a market capitalization of $2.94 trillion, a PE ratio of 47.25, a P/E/G ratio of 2.23 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during 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 business's quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's dividend payout ratio (DPR) is presently 1.57%.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Corporate insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group upped their price objective on NVIDIA from $150.00 to $185.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Robert W. Baird raised their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Melius Research raised their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on NVIDIA from $155.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Finally, Barclays raised their price objective on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $166.23.

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.

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