Fortis Group Advisors LLC Acquires 12,167 Shares of NVIDIA Co. (NASDAQ:NVDA)

Fortis Group Advisors LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 75.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,283 shares of the computer hardware maker’s stock after buying an additional 12,167 shares during the quarter. Fortis Group Advisors LLC’s holdings in NVIDIA were worth $3,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 4th quarter valued at $34,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the 4th quarter worth about $40,000. DHJJ Financial Advisors Ltd. grew its holdings in shares of NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. grew its holdings in shares of NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NVDA shares. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a report on Wednesday. Barclays upped their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Truist Financial upped their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $171.51.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 179,109 shares of company stock valued at $22,117,015. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $117.70 on Friday. The company has a market capitalization of $2.87 trillion, a price-to-earnings ratio of 46.32, a P/E/G ratio of 1.76 and a beta of 1.77. The firm’s 50 day simple moving average is $126.92 and its 200 day simple moving average is $131.18. 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 fifty-two week low of $75.61 and a fifty-two week high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.