NVIDIA Co. (NASDAQ:NVDA) Stock Position Lessened by Marshall Financial Group LLC

Marshall Financial Group LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,800 shares of the computer hardware maker’s stock after selling 1,316 shares during the quarter. NVIDIA accounts for approximately 2.6% of Marshall Financial Group LLC’s investment portfolio, making the stock its 8th biggest position. Marshall Financial Group LLC’s holdings in NVIDIA were worth $10,851,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Park Edge Advisors LLC lifted its position in shares of NVIDIA by 10.9% during the fourth quarter. Park Edge Advisors LLC now owns 14,753 shares of the computer hardware maker’s stock worth $1,981,000 after purchasing an additional 1,445 shares in the last quarter. Regency Capital Management Inc. DE increased its stake in NVIDIA by 39.9% during the 4th quarter. Regency Capital Management Inc. DE now owns 25,672 shares of the computer hardware maker’s stock worth $3,447,000 after buying an additional 7,323 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in NVIDIA by 0.5% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 192,747 shares of the computer hardware maker’s stock worth $25,884,000 after buying an additional 1,054 shares in the last quarter. Blue Square Asset Management LLC boosted its position in NVIDIA by 2.2% in the 4th quarter. Blue Square Asset Management LLC now owns 49,169 shares of the computer hardware maker’s stock valued at $6,603,000 after buying an additional 1,076 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in shares of NVIDIA by 4.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 467,647 shares of the computer hardware maker’s stock worth $62,800,000 after acquiring an additional 21,844 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 0.4 %

NVDA opened at $139.40 on Wednesday. NVIDIA Co. has a 52 week low of $66.25 and a 52 week high of $153.13. The business has a 50 day moving average price of $134.52 and a two-hundred day moving average price of $130.56. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.41 trillion, a PE ratio of 54.86, a P/E/G ratio of 1.62 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last released 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVDA. JPMorgan Chase & Co. increased their price objective on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Mizuho increased their price target on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Raymond James lifted their price objective on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Wedbush upped their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.21.

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.