Fragasso Financial Advisors Inc Has $13.11 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Fragasso Financial Advisors Inc increased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,991 shares of the computer hardware maker's stock after purchasing an additional 13,440 shares during the period. NVIDIA accounts for about 1.0% of Fragasso Financial Advisors Inc's investment portfolio, making the stock its 16th biggest holding. Fragasso Financial Advisors Inc's holdings in NVIDIA were worth $13,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. FMR LLC boosted its stake in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Geode Capital Management LLC lifted its holdings in shares of NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the period. Norges Bank bought a new position in NVIDIA during the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp increased its position in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the period. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on NVDA shares. Bank of America upped their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Mizuho increased their price objective on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. Susquehanna restated a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $172.24.

NVIDIA Stock Down 2.1%

Shares of NVDA traded down $3.03 during mid-day trading on Friday, reaching $141.97. The company's stock had a trading volume of 180,270,368 shares, compared to its average volume of 276,444,292. The business has a fifty day moving average of $121.86 and a 200 day moving average of $126.41. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $153.13. The company has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the business earned $0.61 EPS. The company's quarterly revenue was up 69.2% on a year-over-year basis. As a group, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director now directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,560,845 shares of company stock worth $360,351,849. Insiders own 4.17% of the company's stock.

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.