Trustmark National Bank Trust Department Sells 24,073 Shares of NVIDIA Co. (NASDAQ:NVDA)

Trustmark National Bank Trust Department reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,837 shares of the computer hardware maker's stock after selling 24,073 shares during the quarter. NVIDIA comprises about 1.5% of Trustmark National Bank Trust Department's investment portfolio, making the stock its 12th biggest position. Trustmark National Bank Trust Department's holdings in NVIDIA were worth $20,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NVDA. SOA Wealth Advisors LLC. boosted its position in shares of NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after buying an additional 1,285,897 shares during the last quarter. NCP Inc. boosted its holdings in shares of NVIDIA by 14.6% during the 3rd quarter. NCP Inc. now owns 206,065 shares of the computer hardware maker's stock worth $25,025,000 after purchasing an additional 26,175 shares during the last quarter. Capital Counsel LLC NY boosted its holdings in shares of NVIDIA by 10.6% during the 3rd quarter. Capital Counsel LLC NY now owns 3,085 shares of the computer hardware maker's stock worth $375,000 after purchasing an additional 295 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of NVIDIA by 7.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,325,358 shares of the computer hardware maker's stock worth $160,951,000 after purchasing an additional 94,091 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Down 0.0%

Shares of NASDAQ:NVDA traded down $0.05 during midday trading on Friday, hitting $134.78. 83,035,304 shares of the company's stock traded hands, compared to its average volume of 294,563,230. 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 company has a market cap of $3.30 trillion, a PE ratio of 53.07, a P/E/G ratio of 1.76 and a beta of 2.11. The firm's fifty day moving average price is $111.80 and its two-hundred day moving average price is $127.10. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

Several analysts have recently commented on NVDA shares. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Susquehanna reaffirmed a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. TD Cowen reduced their price target on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group cut their target price on NVIDIA from $180.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on 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 owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. Insiders own 4.23% of the company's stock.

About NVIDIA

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.