Marest Capital LLC Sells 2,917 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Marest Capital LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 48.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,154 shares of the computer hardware maker's stock after selling 2,917 shares during the quarter. NVIDIA accounts for 0.3% of Marest Capital LLC's portfolio, making the stock its 17th largest holding. Marest Capital LLC's holdings in NVIDIA were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC increased its stake in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Geode Capital Management LLC grew its stake in shares of NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after buying an additional 3,721,331 shares during the period. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter valued at $43,515,504,000. Finally, Northern Trust Corp boosted its stake in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. Susquehanna reissued a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Citigroup reissued a "buy" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Barclays upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $176.19.

NVIDIA Stock Down 0.6%

NVDA traded down $0.94 during trading on Monday, reaching $158.40. The company had a trading volume of 88,779,564 shares, compared to its average volume of 267,654,456. The company has a market cap of $3.87 trillion, a P/E ratio of 51.08, a PEG ratio of 1.41 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $160.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The business's fifty day moving average price is $136.38 and its 200 day moving average price is $127.81.

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

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 51,740 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the completion of the transaction, the director owned 1,576,709 shares in the company, valued at approximately $243,790,745.58. This represents a 3.18% 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, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,044,919 shares of company stock valued at $584,414,209. 4.17% of the stock is owned by insiders.

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.