Strategic Family Wealth Counselors L.L.C. Boosts Position in NVIDIA Co. (NASDAQ:NVDA)

Strategic Family Wealth Counselors L.L.C. boosted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,310 shares of the computer hardware maker's stock after buying an additional 5,307 shares during the quarter. NVIDIA makes up 1.6% of Strategic Family Wealth Counselors L.L.C.'s holdings, making the stock its 22nd biggest holding. Strategic Family Wealth Counselors L.L.C.'s holdings in NVIDIA were worth $4,876,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc bought a new position in NVIDIA in the 4th quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the fourth quarter worth $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $220.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.26.

NVIDIA Stock Performance

NVDA traded up $0.75 during trading on Tuesday, hitting $111.46. The company's stock had a trading volume of 44,197,914 shares, compared to its average volume of 313,106,903. 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 firm has a market cap of $2.72 trillion, a PE ratio of 43.68, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The business's 50 day simple moving average is $118.67 and its 200-day simple moving average is $130.33.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) 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.