NVIDIA Co. (NASDAQ:NVDA) is Baltimore Washington Financial Advisors Inc.’s 3rd Largest Position

Baltimore Washington Financial Advisors Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 507,272 shares of the computer hardware maker’s stock after selling 5,124 shares during the quarter. NVIDIA comprises about 3.5% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 3rd biggest holding. Baltimore Washington Financial Advisors Inc.’s holdings in NVIDIA were worth $68,122,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Ironwood Wealth Management LLC. grew its holdings in shares of NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after purchasing an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA in the second quarter valued at about $31,000. Gibson Wealth Advisors LLC grew its holdings in shares of NVIDIA by 900.0% in the second quarter. Gibson Wealth Advisors LLC now owns 12,860 shares of the computer hardware maker’s stock valued at $1,589,000 after purchasing an additional 11,574 shares during the period. RiverFront Investment Group LLC grew its holdings in shares of NVIDIA by 10,796.1% in the second quarter. RiverFront Investment Group LLC now owns 563,329 shares of the computer hardware maker’s stock valued at $69,594,000 after purchasing an additional 558,159 shares during the period. Finally, Farmers National Bank grew its holdings in shares of NVIDIA by 886.2% in the second quarter. Farmers National Bank now owns 21,480 shares of the computer hardware maker’s stock valued at $2,654,000 after purchasing an additional 19,302 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $124.81 on Monday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.05 trillion, a PE ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company’s 50 day simple moving average is $134.19 and its 200-day simple moving average is $132.12. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced 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 for 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 analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 target price on shares of NVIDIA in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Thursday. UBS Group upped their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Redburn Atlantic initiated coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price on the stock. Finally, Loop Capital reaffirmed a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.62.

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.