NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. grew its position in NVIDIA Co. (NASDAQ:NVDA) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,410 shares of the computer hardware maker’s stock after acquiring an additional 807 shares during the period. Bahl & Gaynor Inc.’s holdings in NVIDIA were worth $2,184,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. O Brien Greene & Co. Inc grew its stake in NVIDIA by 25.7% in the 4th quarter. O Brien Greene & Co. Inc now owns 754 shares of the computer hardware maker’s stock valued at $373,000 after acquiring an additional 154 shares during the period. Bryn Mawr Capital Management LLC increased its stake in shares of NVIDIA by 81.1% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 6,373 shares of the computer hardware maker’s stock worth $3,156,000 after purchasing an additional 2,854 shares in the last quarter. Overbrook Management Corp raised its position in shares of NVIDIA by 18.3% during the 4th quarter. Overbrook Management Corp now owns 35,066 shares of the computer hardware maker’s stock worth $17,365,000 after purchasing an additional 5,422 shares during the last quarter. AM Investment Strategies LLC lifted its stake in NVIDIA by 254.5% in the 4th quarter. AM Investment Strategies LLC now owns 1,950 shares of the computer hardware maker’s stock valued at $966,000 after buying an additional 1,400 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its holdings in NVIDIA by 10.6% in the 4th quarter. Motley Fool Asset Management LLC now owns 70,308 shares of the computer hardware maker’s stock worth $34,818,000 after buying an additional 6,726 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on NVDA. Susquehanna restated a “positive” rating and issued a $1,050.00 target price on shares of NVIDIA in a research report on Thursday, April 4th. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Needham & Company LLC increased their target price on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Argus boosted their price target on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Jefferies Financial Group increased their price objective on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued 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 $941.55.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total value of $9,962,150.00. Following the sale, the director now directly owns 1,074,833 shares of the company’s stock, valued at $973,422,506.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $887.89 on Friday. NVIDIA Co. has a 1 year low of $272.40 and a 1 year high of $974.00. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 74.36, a P/E/G ratio of 1.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The business’s 50-day moving average is $867.38 and its two-hundred day moving average is $649.27.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. Analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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.