NVIDIA Co. (NASDAQ:NVDA) Stock Position Decreased by Suncoast Equity Management

Suncoast Equity Management decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 547,151 shares of the computer hardware maker's stock after selling 5,686 shares during the period. NVIDIA accounts for about 8.2% of Suncoast Equity Management's investment portfolio, making the stock its 2nd biggest position. Suncoast Equity Management's holdings in NVIDIA were worth $73,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB increased its stake in shares of NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after buying an additional 169,445 shares during the period. Wealth Group Ltd. grew its holdings in NVIDIA by 5.0% during the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after acquiring an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after purchasing an additional 350 shares during the period. Swedbank AB raised its holdings in shares of NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Finally, Madison Park Capital Advisors LLC lifted its position in shares of NVIDIA by 2.4% in the 3rd quarter. Madison Park Capital Advisors LLC now owns 4,230 shares of the computer hardware maker's stock worth $514,000 after purchasing an additional 100 shares during the period. Institutional investors own 65.27% of the company's stock.

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NVIDIA Stock Performance

NVDA stock traded down $1.76 during trading on Friday, hitting $109.67. 229,047,047 shares of the company traded hands, compared to its average volume of 314,707,778. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95. The company has a market cap of $2.68 trillion, a PE ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77. The stock's 50-day simple moving average is $125.01 and its 200 day simple moving average is $131.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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 net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, equities analysts expect 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 Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Wedbush reissued an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Thursday, February 20th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Rosenblatt Securities restated a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. HSBC cut their target price on NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, Bank of America restated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $171.51.

Insider Activity

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the 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 transaction, the insider now owns 479,428 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's 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 completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock worth $22,642,615 in the last ninety days. Company insiders own 4.23% of the company's stock.

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.