FDx Advisors Inc. Sells 1,200 Shares of NVIDIA Co. (NASDAQ:NVDA)

FDx Advisors Inc. trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,956 shares of the computer hardware maker’s stock after selling 1,200 shares during the quarter. NVIDIA makes up approximately 1.1% of FDx Advisors Inc.’s investment portfolio, making the stock its 26th biggest holding. FDx Advisors Inc.’s holdings in NVIDIA were worth $3,889,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nicholson Wealth Management Group LLC purchased a new position in NVIDIA in the fourth quarter valued at about $235,000. RPS Advisory Solutions LLC grew its position in shares of NVIDIA by 7.1% in the 4th quarter. RPS Advisory Solutions LLC now owns 49,599 shares of the computer hardware maker’s stock worth $6,661,000 after buying an additional 3,282 shares during the last quarter. Prakash Investment Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $15,679,000. O Brien Greene & Co. Inc lifted its position in NVIDIA by 27.6% during the fourth quarter. O Brien Greene & Co. Inc now owns 5,971 shares of the computer hardware maker’s stock valued at $802,000 after acquiring an additional 1,291 shares during the last quarter. Finally, Aspect Partners LLC grew its holdings in NVIDIA by 10.1% in the fourth quarter. Aspect Partners LLC now owns 3,398 shares of the computer hardware maker’s stock worth $456,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $113.76 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The firm has a market capitalization of $2.78 trillion, a PE ratio of 44.77, a P/E/G ratio of 1.76 and a beta of 1.77. The business’s 50 day moving average price is $126.01 and its 200-day moving average price is $131.46.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. HSBC cut their price objective on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Benchmark reissued a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays lifted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $171.51.

Insider Activity

In related news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock worth $22,642,615 over the last ninety days. Corporate insiders own 4.23% of the company’s stock.

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.