Marietta Wealth Management LLC Has $11.68 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Marietta Wealth Management LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,581 shares of the computer hardware maker’s stock after selling 70 shares during the quarter. NVIDIA comprises about 2.1% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Marietta Wealth Management LLC’s holdings in NVIDIA were worth $11,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Suncoast Equity Management lifted its position in shares of NVIDIA by 0.8% during the 4th quarter. Suncoast Equity Management now owns 55,535 shares of the computer hardware maker’s stock worth $27,502,000 after buying an additional 441 shares during the last quarter. Guerra Pan Advisors LLC lifted its position in shares of NVIDIA by 2.2% during the 4th quarter. Guerra Pan Advisors LLC now owns 6,931 shares of the computer hardware maker’s stock worth $3,432,000 after buying an additional 147 shares during the last quarter. DGS Capital Management LLC lifted its position in shares of NVIDIA by 20.4% during the 4th quarter. DGS Capital Management LLC now owns 5,708 shares of the computer hardware maker’s stock worth $2,827,000 after buying an additional 966 shares during the last quarter. United Asset Strategies Inc. lifted its position in shares of NVIDIA by 6.5% during the 4th quarter. United Asset Strategies Inc. now owns 29,905 shares of the computer hardware maker’s stock worth $14,809,000 after buying an additional 1,817 shares during the last quarter. Finally, Imprint Wealth LLC lifted its position in shares of NVIDIA by 17.5% during the 4th quarter. Imprint Wealth LLC now owns 992 shares of the computer hardware maker’s stock worth $540,000 after buying an additional 148 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. UBS Group increased their target price on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research report on Monday, March 4th. Craig Hallum increased their target price on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Piper Sandler increased their target price on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, Piper Sandler Companies increased their target price on NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Stock Down 3.3 %

NVDA stock opened at $796.77 on Thursday. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $849.38 and its 200-day moving average is $631.03. The firm has a market capitalization of $1.99 trillion, a PE ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. Sell-side analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by company insiders.

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.