NVIDIA Co. (NASDAQ:NVDA) is Capital City Trust Co. FL’s 6th Largest Position

Capital City Trust Co. FL reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,494 shares of the computer hardware maker’s stock after selling 8,743 shares during the period. NVIDIA makes up 3.4% of Capital City Trust Co. FL’s portfolio, making the stock its 6th largest holding. Capital City Trust Co. FL’s holdings in NVIDIA were worth $13,630,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in NVIDIA during the fourth quarter valued at $34,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $40,000. DHJJ Financial Advisors Ltd. lifted its stake in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 4th quarter valued at $46,000. Finally, 1620 Investment Advisors Inc. grew its position in NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after acquiring an additional 248 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value 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. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,609 shares of company stock valued at $22,642,615. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $109.67 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $125.01 and its 200 day moving average price is $131.34. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The firm has a market cap of $2.68 trillion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

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

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio is presently 1.36%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NVDA shares. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Mizuho reduced their price objective on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued 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 $171.51.

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.