Marcum Wealth LLC Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Marcum Wealth LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,234 shares of the computer hardware maker’s stock after acquiring an additional 282 shares during the quarter. NVIDIA accounts for about 1.0% of Marcum Wealth LLC’s holdings, making the stock its 19th biggest holding. Marcum Wealth LLC’s holdings in NVIDIA were worth $11,312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gunderson Capital Management Inc. increased its holdings in shares of NVIDIA by 3.3% in the 4th quarter. Gunderson Capital Management Inc. now owns 122,402 shares of the computer hardware maker’s stock valued at $16,437,000 after acquiring an additional 3,960 shares during the last quarter. Traveka Wealth LLC increased its stake in NVIDIA by 0.6% in the fourth quarter. Traveka Wealth LLC now owns 35,317 shares of the computer hardware maker’s stock valued at $4,743,000 after purchasing an additional 203 shares during the last quarter. Unique Wealth LLC boosted its stake in NVIDIA by 10.0% in the fourth quarter. Unique Wealth LLC now owns 37,629 shares of the computer hardware maker’s stock valued at $5,053,000 after acquiring an additional 3,428 shares in the last quarter. BCS Wealth Management lifted its holdings in shares of NVIDIA by 9.7% in the 4th quarter. BCS Wealth Management now owns 21,309 shares of the computer hardware maker’s stock valued at $2,862,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Granite Bay Wealth Management LLC grew its stake in NVIDIA by 15.3% during the 4th quarter. Granite Bay Wealth Management LLC now owns 12,810 shares of the computer hardware maker’s stock worth $1,720,000 after buying an additional 1,701 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on NVDA shares. The Goldman Sachs Group lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays increased their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Tigress Financial raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $170.00 to $220.00 in a report on Tuesday. Raymond James raised their price target on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. Finally, Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last three months. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Down 4.3 %

NASDAQ NVDA opened at $123.43 on Thursday. The company has a market cap of $3.02 trillion, a P/E ratio of 48.58, a P/E/G ratio of 2.65 and a beta of 1.64. NVIDIA Co. has a 12 month low of $60.70 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50-day moving average of $137.91 and a 200-day moving average of $129.44.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.57%.

About NVIDIA

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.