Marietta Wealth Management LLC Grows Stake in NVIDIA Corporation (NASDAQ:NVDA)

Marietta Wealth Management LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the SEC. 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 SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc bought a new stake in NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC raised its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA in the fourth quarter valued at approximately $54,000. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Barclays upped their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Benchmark restated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $176.47.

Insiders Place Their Bets

In other NVIDIA news, Director A Brooke Seawell sold 50,514 shares of the business's stock in a transaction 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 $312,746,542.08. The trade was a 2.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 4,296,844 shares of company stock worth $624,019,677 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.8%

NASDAQ:NVDA opened at $162.88 on Thursday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.97 trillion, a PE ratio of 52.54, a price-to-earnings-growth ratio of 1.42 and a beta of 2.13. The firm's 50 day moving average is $139.47 and its 200 day moving average is $128.43. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $164.42.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced 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 was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA's payout ratio is 1.29%.

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.

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