Sabal Trust CO Has $6.47 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Sabal Trust CO grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 38.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,204 shares of the computer hardware maker's stock after acquiring an additional 13,463 shares during the quarter. Sabal Trust CO's holdings in NVIDIA were worth $6,473,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NVDA. Kellett Wealth Advisors LLC boosted its stake in shares of NVIDIA by 28.4% in the fourth quarter. Kellett Wealth Advisors LLC now owns 8,805 shares of the computer hardware maker's stock valued at $1,182,000 after purchasing an additional 1,950 shares during the period. Argonautica Private Wealth Management Inc. grew its stake in shares of NVIDIA by 0.3% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 94,791 shares of the computer hardware maker's stock valued at $12,729,000 after acquiring an additional 292 shares in the last quarter. Fjell Capital LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $2,624,000. DMKC Advisory Services LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $407,000. Finally, Weil Company Inc. lifted its stake in shares of NVIDIA by 6.7% in the fourth quarter. Weil Company Inc. now owns 5,545 shares of the computer hardware maker's stock worth $745,000 after acquiring an additional 349 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Truist Financial lifted their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $169.89.

Remove Ads

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded down $7.49 during trading on Friday, reaching $94.31. The company had a trading volume of 529,399,816 shares, compared to its average volume of 312,806,578. The firm's fifty day moving average is $121.20 and its 200 day moving average is $131.07. 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 capitalization of $2.30 trillion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a twelve month low of $75.61 and a twelve 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 (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $38.16 billion. On average, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm'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 sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is owned by insiders.

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.