Marest Capital LLC Lowers Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Marest Capital LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 48.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,154 shares of the computer hardware maker's stock after selling 2,917 shares during the period. NVIDIA makes up about 0.3% of Marest Capital LLC's portfolio, making the stock its 17th largest position. Marest Capital LLC's holdings in NVIDIA were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management purchased a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Monday, June 16th. Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $176.47.

Insider Buying and Selling

In other NVIDIA news, Director A Brooke Seawell sold 50,514 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the sale, the director owned 1,974,784 shares of the company's stock, valued at approximately $312,746,542.08. This trade represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.35, for a total transaction of $11,876,250.00. Following the completion of the transaction, the chief executive officer directly owned 75,023,225 shares in the company, valued at $11,879,927,678.75. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,296,844 shares of company stock worth $624,019,677. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Up 1.1%

NVDA stock traded up $1.76 during midday trading on Tuesday, reaching $160.00. 137,569,955 shares of the company were exchanged, compared to its average volume of 267,445,485. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $160.98. The stock's 50-day simple moving average is $138.39 and its 200 day simple moving average is $128.20. The company has a market cap of $3.90 trillion, a price-to-earnings ratio of 51.61, a price-to-earnings-growth ratio of 1.40 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is currently 1.29%.

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.