Marino Stram & Associates LLC Acquires 281 Shares of NVIDIA Co. (NASDAQ:NVDA)

Marino Stram & Associates LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,658 shares of the computer hardware maker’s stock after acquiring an additional 281 shares during the period. Marino Stram & Associates LLC’s holdings in NVIDIA were worth $1,163,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Ironwood Wealth Management LLC. boosted its holdings in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after acquiring an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA during the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. boosted its holdings in NVIDIA by 922.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 10,361 shares of the computer hardware maker’s stock valued at $1,280,000 after acquiring an additional 9,348 shares during the period. WPWealth LLP boosted its holdings in NVIDIA by 935.9% during the 2nd quarter. WPWealth LLP now owns 9,023 shares of the computer hardware maker’s stock valued at $1,115,000 after acquiring an additional 8,152 shares during the period. Finally, Pinkerton Retirement Specialists LLC boosted its holdings in NVIDIA by 716.0% during the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 7,556 shares of the computer hardware maker’s stock valued at $933,000 after acquiring an additional 6,630 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 over the last quarter. 4.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. DA Davidson boosted their price objective on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Robert W. Baird lifted their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Tigress Financial raised NVIDIA from a “buy” rating to a “strong-buy” rating and lifted their target price for the company from $170.00 to $220.00 in a research report on Tuesday, January 28th. Piper Sandler lifted their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC lifted their target price on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Stock Up 3.2 %

Shares of NVDA opened at $135.29 on Friday. NVIDIA Co. has a 52 week low of $66.25 and a 52 week high of $153.13. 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 capitalization of $3.31 trillion, a price-to-earnings ratio of 53.24, a PEG ratio of 1.62 and a beta of 1.62. The stock’s 50-day moving average price is $134.78 and its 200-day moving average price is $129.85.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s revenue was up 93.6% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 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.