NVIDIA Corporation $NVDA Stock Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.6% in the 3rd quarter, Holdings Channel reports. The fund owned 2,807,603 shares of the computer hardware maker’s stock after buying an additional 42,985 shares during the quarter. NVIDIA accounts for approximately 3.1% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 7th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in NVIDIA were worth $641,200,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Loftus Peak Pty Ltd raised its stake in shares of NVIDIA by 0.4% during the 3rd quarter. Loftus Peak Pty Ltd now owns 396,998 shares of the computer hardware maker’s stock valued at $90,666,000 after purchasing an additional 1,546 shares during the period. B.A. Schrock Wealth Management Inc. purchased a new stake in NVIDIA during the 3rd quarter worth about $6,593,000. Winnacle Wealth LLC boosted its stake in NVIDIA by 16.9% in the 3rd quarter. Winnacle Wealth LLC now owns 6,803 shares of the computer hardware maker’s stock worth $1,554,000 after purchasing an additional 983 shares during the period. Nolet Wealth Management LLC boosted its stake in NVIDIA by 1.5% in the 3rd quarter. Nolet Wealth Management LLC now owns 25,763 shares of the computer hardware maker’s stock worth $5,884,000 after purchasing an additional 388 shares during the period. Finally, Howard Financial Services LTD. boosted its stake in NVIDIA by 3.4% in the 3rd quarter. Howard Financial Services LTD. now owns 61,374 shares of the computer hardware maker’s stock worth $14,017,000 after purchasing an additional 1,991 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Some investors see the decline as a buying opportunity, citing NVIDIA’s strong AI-chip position and profitability. ARK Invest also reportedly added $45.9 million of NVDA shares during the sell-off. Nvidia Stock Rises on Dip-Buying: 3 Reasons to Be Optimistic
• Positive Sentiment: CEO Jensen Huang says the next-generation Vera Rubin platform could generate more revenue per gigawatt of data-center capacity than the current platform, supporting the case for continued growth. Jensen Huang Says Nvidia’s Next-Gen Vera Rubin Chips Will Generate $40 Billion in Revenue per Gigawatt
• Neutral Sentiment: NVIDIA’s upcoming Nov. 17 results are a key near-term catalyst: investors will look for evidence that demand and guidance can ease fears about AI spending and justify the stock’s recovery. Nvidia Investors Need to Be Paying Attention on Nov. 17
• Negative Sentiment: The rebound follows a steep sell-off that wiped roughly $450 billion from NVIDIA’s market value. Investors are worried that a Democratic-led Congress, data-center permitting or regulatory hurdles, high capital costs, and uncertain returns could delay infrastructure projects and weaken future chip demand. AI stocks hammered by midterm shock as data center buildout becomes a ‘war of attrition’
• Negative Sentiment: Reports that NVIDIA may be taking on greater exposure to financially strained “neocloud” customers raise concern that it could face risks beyond selling chips if those providers struggle to fund data centers. As neoclouds face a financial reckoning, Nvidia has to decide how far to go to help

NVIDIA Price Performance

NVIDIA stock opened at $186.64 on Monday. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37. The business has a 50-day simple moving average of $219.80 and a 200 day simple moving average of $204.53. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.50 trillion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.43 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same period in the prior year, the company earned $1.05 EPS. The company’s quarterly revenue was up 105.9% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA’s payout ratio is presently 12.64%.

NVIDIA announced that its board has authorized a stock buyback plan on Monday, September 28th that authorizes the company to buy back $150 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. KGI Securities lifted their target price on NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. China Renaissance increased their price target on shares of NVIDIA from $319.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Phillip Securities raised their price objective on shares of NVIDIA from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 31st. HSBC boosted their price objective on shares of NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Finally, Daiwa Securities Group decreased their target price on shares of NVIDIA from $255.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $318.85.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of NVIDIA stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the sale, the director owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is owned by corporate insiders.

NVIDIA Company Profile

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications.

NVIDIA’s offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.