Sunbelt Securities Inc. Sells 12,049 Shares of NVIDIA Co. (NASDAQ:NVDA)

Sunbelt Securities Inc. decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,655 shares of the computer hardware maker's stock after selling 12,049 shares during the quarter. NVIDIA comprises approximately 4.1% of Sunbelt Securities Inc.'s holdings, making the stock its largest position. Sunbelt Securities Inc.'s holdings in NVIDIA were worth $41,491,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NVDA. Legal & General Group Plc boosted its holdings in NVIDIA by 884.0% during the second quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker's stock worth $26,329,751,000 after buying an additional 191,469,114 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of NVIDIA by 870.3% in the second quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker's stock valued at $12,658,922,000 after buying an additional 91,867,031 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NVIDIA by 1,123.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 92,039,713 shares of the computer hardware maker's stock valued at $11,371,255,000 after acquiring an additional 84,515,429 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of NVIDIA by 808.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 82,689,605 shares of the computer hardware maker's stock worth $10,215,474,000 after acquiring an additional 73,589,208 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of NVIDIA by 882.4% in the 2nd quarter. American Century Companies Inc. now owns 73,648,364 shares of the computer hardware maker's stock worth $9,098,519,000 after acquiring an additional 66,151,750 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NVDA shares. Morgan Stanley upped their target price on NVIDIA from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Bank of America reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. DA Davidson lifted their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Truist Financial upped their price target on shares of NVIDIA from $148.00 to $167.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird raised their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.63.

Insiders Place Their Bets

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 over the last 90 days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

NVDA opened at $140.83 on Wednesday. NVIDIA Co. has a 12-month low of $58.58 and a 12-month high of $153.13. The firm has a market capitalization of $3.45 trillion, a P/E ratio of 55.42, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64. The stock's 50 day moving average price is $138.84 and its two-hundred day moving average price is $129.11. 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 released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. On average, equities analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.57%.

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.