Marietta Wealth Management LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,976 shares of the computer hardware maker's stock after acquiring an additional 6,108 shares during the period. NVIDIA comprises approximately 3.0% of Marietta Wealth Management LLC's investment portfolio, making the stock its 2nd largest holding. Marietta Wealth Management LLC's holdings in NVIDIA were worth $20,373,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of NVDA. GSB Wealth Management LLC raised its stake in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC raised its stake in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Financial Perspectives Inc raised its stake in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares during the period. Hickory Point Bank & Trust bought a new stake in shares of NVIDIA during the 4th quarter worth $2,272,000. Finally, Pegasus Asset Management Inc. grew its holdings in NVIDIA by 0.3% during the first quarter. Pegasus Asset Management Inc. now owns 76,750 shares of the computer hardware maker's stock valued at $8,318,000 after purchasing an additional 197 shares during the period. 65.27% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Truist Financial increased their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Finally, Raymond James Financial boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. One investment 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.03.
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NVIDIA Price Performance
Shares of NVDA stock traded up $1.97 during trading on Friday, hitting $166.07. The company had a trading volume of 121,011,616 shares, compared to its average volume of 266,143,885. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average is $140.52 and its two-hundred day moving average is $128.60. The stock has a market capitalization of $4.05 trillion, a price-to-earnings ratio of 53.68, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $167.84.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 return on equity of 105.09% and a net margin of 51.69%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. As a group, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.
Insider Activity at NVIDIA
In other NVIDIA news, Director A Brooke Seawell sold 49,131 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,520,246 shares of company stock valued at $660,253,045. 4.17% of the stock is owned by insiders.
NVIDIA Company Profile
(
Free Report)
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.
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