Fiduciary Group LLC Invests $203,000 in NVIDIA Co. (NASDAQ:NVDA)

Fiduciary Group LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA) in the 1st quarter, HoldingsChannel reports. The fund bought 772 shares of the computer hardware maker’s stock, valued at approximately $203,000.

Other institutional investors have also modified their holdings of the company. Accurate Investment Solutions Inc. boosted its position in shares of NVIDIA by 111.1% in the first quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock worth $25,000 after buying an additional 50 shares during the period. PrairieView Partners LLC acquired a new stake in shares of NVIDIA in the first quarter worth $26,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Howard Wealth Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Finally, Braun Bostich & Associates Inc. acquired a new stake in shares of NVIDIA in the fourth quarter worth $30,000. 66.68% of the stock is owned by institutional investors and hedge funds.

Shares of NVIDIA stock traded up $10.04 during trading on Friday, reaching $361.05. The company’s stock had a trading volume of 25,601,366 shares, compared to its average volume of 12,644,931. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.13 and a current ratio of 7.67. The business’s fifty day moving average price is $292.70 and its 200-day moving average price is $252.32. The firm has a market cap of $215.92 billion, a price-to-earnings ratio of 67.49, a price-to-earnings-growth ratio of 3.68 and a beta of 1.33. NVIDIA Co. has a one year low of $132.60 and a one year high of $363.72.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. NVIDIA had a return on equity of 29.76% and a net margin of 28.17%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 38.7% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Co. will post 6.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.18%. NVIDIA’s dividend payout ratio (DPR) is presently 13.94%.

Several brokerages have recently commented on NVDA. Jefferies Financial Group reaffirmed a “buy” rating and issued a $315.00 target price (up previously from $255.00) on shares of NVIDIA in a research report on Wednesday, February 12th. Oppenheimer lifted their price objective on NVIDIA from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday. SunTrust Banks lifted their price objective on NVIDIA from $327.00 to $384.00 and gave the company a “buy” rating in a research report on Friday. Cascend Securities lifted their price objective on NVIDIA from $370.00 to $380.00 and gave the company a “buy” rating in a research report on Friday. Finally, Rosenblatt Securities lifted their price objective on NVIDIA from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and a consensus target price of $340.68.

In other NVIDIA news, Director James C. Gaither sold 15,669 shares of NVIDIA stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $269.41, for a total transaction of $4,221,385.29. Following the sale, the director now directly owns 2,221 shares of the company’s stock, valued at $598,359.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $266.02, for a total value of $2,660,200.00. Following the sale, the director now directly owns 160,545 shares in the company, valued at $42,708,180.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,669 shares of company stock worth $27,025,985. 4.64% of the stock is owned by company insiders.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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