Sunbeam Capital Management LLC Buys Shares of 36,559 NVIDIA Co. (NASDAQ:NVDA)

Sunbeam Capital Management LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,559 shares of the computer hardware maker's stock, valued at approximately $4,909,000. NVIDIA makes up approximately 4.6% of Sunbeam Capital Management LLC's portfolio, making the stock its 6th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC raised its holdings in shares of NVIDIA by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after purchasing an additional 322 shares during the last quarter. Wealth Group Ltd. grew its position in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in NVIDIA in the 4th quarter valued at about $972,000. Cvfg LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $1,455,000. Finally, Empirical Asset Management LLC lifted its position in shares of NVIDIA by 1,398.8% during the 4th quarter. Empirical Asset Management LLC now owns 749,580 shares of the computer hardware maker's stock worth $100,661,000 after buying an additional 699,568 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Wedbush restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America upped their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Needham & Company LLC reissued a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, Citigroup restated a "buy" rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Trading Up 1.2%

Shares of NASDAQ:NVDA traded up $1.73 during trading hours on Friday, hitting $141.72. 153,481,622 shares of the company's stock traded hands, compared to its average volume of 280,663,387. The firm has a market capitalization of $3.46 trillion, a P/E ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The business has a fifty day moving average price of $117.82 and a 200-day moving average price of $126.42. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. 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 issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. Equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director now directly owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,257,983 shares of company stock worth $172,973,349 in the last three months. Corporate insiders own 4.17% 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.