Fort Washington Investment Advisors Inc. OH Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 54.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,939 shares of the computer hardware maker’s stock after purchasing an additional 1,382 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in NVIDIA were worth $1,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Peoples Financial Services CORP. acquired a new position in NVIDIA in the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA in the third quarter valued at approximately $30,000. Quarry LP acquired a new position in NVIDIA in the first quarter valued at approximately $34,000. Compass Wealth Management LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $39,000. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 2.5 %

NVIDIA stock opened at $902.50 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $258.50 and a fifty-two week high of $974.00. The stock’s fifty day moving average is $758.96 and its two-hundred day moving average is $569.38.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Analysts predict that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the sale, the director now owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the sale, the director now owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold a total of 105,352 shares of company stock valued at $64,853,077 over the last quarter. Insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Cowen upped their price target on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Stifel Nicolaus reissued a “buy” rating and issued a $910.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Wedbush reissued an “outperform” rating and issued a $1,000.00 price objective on shares of NVIDIA in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Finally, Morgan Stanley increased their price objective on NVIDIA from $750.00 to $795.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $908.68.

About NVIDIA

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.