Florida Financial Advisors LLC Purchases 9,718 Shares of NVIDIA Co. (NASDAQ:NVDA)

Florida Financial Advisors LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,614 shares of the computer hardware maker's stock after purchasing an additional 9,718 shares during the quarter. NVIDIA accounts for approximately 2.7% of Florida Financial Advisors LLC's holdings, making the stock its 11th biggest position. Florida Financial Advisors LLC's holdings in NVIDIA were worth $5,992,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NVDA. Aire Advisors LLC increased its holdings in NVIDIA by 29.1% in the 4th quarter. Aire Advisors LLC now owns 56,938 shares of the computer hardware maker's stock worth $7,646,000 after acquiring an additional 12,839 shares in the last quarter. Baxter Bros Inc. increased its holdings in NVIDIA by 13.1% in the 4th quarter. Baxter Bros Inc. now owns 6,239 shares of the computer hardware maker's stock worth $838,000 after acquiring an additional 723 shares in the last quarter. Bay Capital Advisors LLC purchased a new stake in NVIDIA in the 4th quarter worth approximately $1,620,000. Potentia Wealth purchased a new stake in NVIDIA in the 4th quarter worth approximately $6,596,000. Finally, PKS Advisory Services LLC purchased a new stake in NVIDIA in the 4th quarter worth approximately $3,394,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVDA. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Barclays reduced their target price on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Citigroup restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on 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 owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last 90 days. Insiders own 4.23% of the company's stock.

NVIDIA Trading Down 2.0 %

NASDAQ NVDA opened at $108.76 on Tuesday. 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 company has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company's 50-day simple moving average is $112.60 and its two-hundred day simple moving average is $128.76. NVIDIA Co. has a one year low of $81.25 and a one year high of $195.95.

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

NVIDIA Dividend Announcement

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

NVIDIA 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.

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