Poinciana Advisors Group LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Poinciana Advisors Group LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,056 shares of the computer hardware maker's stock, valued at approximately $813,000. NVIDIA accounts for about 0.8% of Poinciana Advisors Group LLC's investment portfolio, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $46,000. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Susquehanna restated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Piper Sandler decreased their price objective on shares of NVIDIA from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.01.

Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

NVIDIA Trading Up 4.8 %

NVDA stock traded up $4.73 on Wednesday, reaching $103.62. The company's stock had a trading volume of 72,880,701 shares, compared to its average volume of 307,358,978. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $2.53 trillion, a PE ratio of 40.78, a PEG ratio of 1.76 and a beta of 1.96. The business has a fifty day simple moving average of $115.15 and a two-hundred day simple moving average of $129.50. NVIDIA Co. has a 12-month low of $78.22 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's payout ratio is 1.36%.

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.