SS&H Financial Advisors Inc. Decreases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

SS&H Financial Advisors Inc. lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 140,995 shares of the computer hardware maker’s stock after selling 5,300 shares during the period. NVIDIA comprises approximately 6.9% of SS&H Financial Advisors Inc.’s holdings, making the stock its 3rd largest position. SS&H Financial Advisors Inc.’s holdings in NVIDIA were worth $18,935,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Board of the Pension Protection Fund purchased a new position in shares of NVIDIA in the fourth quarter valued at about $322,000. Allen Mooney & Barnes Investment Advisors LLC raised its stake in NVIDIA by 6.8% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 10,242 shares of the computer hardware maker’s stock valued at $1,375,000 after purchasing an additional 650 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in NVIDIA by 5.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 505,767 shares of the computer hardware maker’s stock worth $67,919,000 after purchasing an additional 25,056 shares in the last quarter. CCLA Investment Management boosted its stake in NVIDIA by 2.2% in the 4th quarter. CCLA Investment Management now owns 911,645 shares of the computer hardware maker’s stock worth $122,342,000 after purchasing an additional 20,056 shares during the period. Finally, Crestmont Private Wealth LLC grew its holdings in NVIDIA by 12.8% during the 4th quarter. Crestmont Private Wealth LLC now owns 6,941 shares of the computer hardware maker’s stock valued at $932,000 after buying an additional 790 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 3.7 %

Shares of NASDAQ NVDA opened at $120.07 on Friday. NVIDIA Co. has a twelve month low of $60.70 and a twelve month high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $137.02 and a two-hundred day simple moving average of $129.37. The firm has a market cap of $2.94 trillion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the previous year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up 93.6% on a year-over-year basis. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.57%.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock valued at $146,506,958 over the last 90 days. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Tuesday, January 7th. Evercore ISI boosted their price target on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird raised their price objective on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research report on Wednesday, January 8th. Finally, Needham & Company LLC raised their price target on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

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.