Briaud Financial Planning Inc Purchases New Position in NVIDIA Co. (NASDAQ:NVDA)

Briaud Financial Planning Inc acquired a new position in NVIDIA Co. (NASDAQ:NVDA – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 8,221 shares of the computer hardware maker’s stock, valued at approximately $1,103,000.

NVIDIA comprises approximately 0.4% of Briaud Financial Planning Inc’s holdings, making the stock its 10th biggest holding. Other hedge funds have also recently made changes to their positions in the company.



Hickory Point Bank & Trust bought a new position in NVIDIA in the fourth quarter worth about $2,272,000. Capital Performance Advisors LLP grew its holdings in shares of NVIDIA by 59.3% during the 4th quarter.

Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after acquiring an additional 9,944 shares during the period. Ethos Financial Group LLC raised its position in shares of NVIDIA by 24.1% in the 4th quarter.

Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock worth $4,312,000 after acquiring an additional 6,241 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of NVIDIA by 3.6% during the fourth quarter.

Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker’s stock valued at $196,711,000 after purchasing an additional 50,978 shares in the last quarter. Finally, Palisade Asset Management LLC grew its stake in NVIDIA by 0.5% in the third quarter.

Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 75 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock PerformanceShares of NVDA stock opened at $112.20 on Wednesday. NVIDIA Co.

has a fifty-two week low of $75.61 and a fifty-two week high of $195.95.

The stock’s 50-day moving average is $118.34 and its two-hundred day moving average is $130.20.

The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.

64. The firm has a market cap of $2.74 trillion, a P/E ratio of 44.

16, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued 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. NVIDIA had a return on equity of 114.

83% and a net margin of 55.69%. The business had revenue of $39.

33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Analysts predict that NVIDIA Co.

will post 2.77 earnings per share for the current fiscal year. NVIDIA Announces DividendThe company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd.

Investors of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th.

This represents a $0.04 annualized dividend and a yield of 0.04%.

NVIDIA’s dividend payout ratio (DPR) is currently 1.36%. Analyst Upgrades and DowngradesA number of research firms have recently weighed in on NVDA.

Mizuho reduced their target price 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.

William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Truist Financial raised their target price on shares of NVIDIA from $204.00 to $205.

00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley set a $162.

00 price objective on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Six research 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.

26.Get Our Latest Stock Analysis on NVIDIAInsiders Place Their BetsIn other 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 approximately $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 accessible through this link.

Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.

49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.

56. This trade represents a 17.52 % decrease in their position.

The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last 90 days. Corporate insiders own 4.

23% of the company’s stock. NVIDIA Profile (Free Report)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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