Marcum Wealth LLC Acquires 390 Shares of NVIDIA Co. (NASDAQ:NVDA)



Marcum Wealth LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 9.0% during the 1st quarter, Holdings Channel reports. The firm owned 4,704 shares of the computer hardware maker’s stock after buying an additional 390 shares during the quarter. Marcum Wealth LLC’s holdings in NVIDIA were worth $1,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Piscataqua Savings Bank lifted its position in NVIDIA by 14.3% during the 4th quarter. Piscataqua Savings Bank now owns 320 shares of the computer hardware maker’s stock valued at $94,000 after purchasing an additional 40 shares during the period. Venture Visionary Partners LLC lifted its position in NVIDIA by 0.3% during the 4th quarter. Venture Visionary Partners LLC now owns 15,776 shares of the computer hardware maker’s stock valued at $4,639,000 after purchasing an additional 43 shares during the period. Tranquility Partners LLC lifted its position in NVIDIA by 1.0% during the 4th quarter. Tranquility Partners LLC now owns 4,384 shares of the computer hardware maker’s stock valued at $1,290,000 after purchasing an additional 44 shares during the period. Mcdaniel Terry & Co. lifted its position in NVIDIA by 2.1% during the 4th quarter. Mcdaniel Terry & Co. Now owns 2,202 shares of the computer hardware maker’s stock valued at $648,000 after purchasing an additional 45 during the period. Finally, Accurate Wealth Management LLC lifted its position in NVIDIA by 1.3% during the 4th quarter. Accurate Wealth Management LLC now owns 3,405 shares of the computer hardware maker’s stock valued at $959,000 after purchasing an additional 45 shares during the period. 55.19% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on NVDA. The Goldman Sachs Group began coverage on shares of NVIDIA in a research report on Monday, March 7th. They issued a “neutral” rating and a $245.00 price target on the stock. Needham & Company LLC cut their price target on shares of NVIDIA from $400.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Susquehanna Bancshares cut their price target on shares of NVIDIA from $280.00 to $260.00 and set a “positive” rating on the stock in a research report on Thursday, May 26th. Credit Suisse Group lowered their target price on NVIDIA to $205.00 in a research note on Thursday, May 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of NVIDIA from $350.00 to $285.00 in a research note on Thursday, May 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $266.41.

In related news, EVP Debora Shoquist sold 23,644 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the transaction, the executive vice president now directly owns 186,476 shares in the company, valued at approximately $35,100,377.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $185.59, for a total value of $408,298.00. Following the transaction, the director now owns 2,712 shares in the company, valued at $503,320.08. The disclosure for this sale can be found here. Insiders have sold a total of 139,694 shares of company stock worth $22,850,524 over the last quarter. Corporate insiders own 4.04% of the company’s stock.

NASDAQ:NVDA opened at $145.23 on Friday. The business’s 50-day moving average price is $175.12 and its two-hundred day moving average price is $225.49. NVIDIA Co. has a twelve month low of $143.92 and a twelve month high of $346.47. The stock has a market cap of $363.08 billion, a P/E ratio of 38.94, a PEG ratio of 2.30 and a beta of 1.59. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.36 EPS for the quarter, beating the consensus estimate of $1.29 by $0.07. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The company’s revenue was up 46.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 EPS. On average, equities research analysts expect that NVIDIA Co. will post 4.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. NVIDIA’s dividend payout ratio (DPR) is presently 4.29%.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for information systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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