36,049 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 36,049 shares of the computer hardware maker’s stock, valued at approximately $4,841,000. NVIDIA makes up 1.6% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position.

Several other institutional investors have also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. raised its stake in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after buying an additional 71 shares during the period. Palisade Asset Management LLC increased its holdings in NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after acquiring an additional 75 shares during the last quarter. Baker Boyer National Bank raised its stake in NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after acquiring an additional 76 shares during the period. Kwmg LLC lifted its holdings in NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock valued at $1,755,000 after purchasing an additional 77 shares during the last quarter. Finally, SC&H Financial Advisors Inc. boosted its position in NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. Truist Financial upped their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. TD Cowen dropped their target price on NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Barclays reduced their price target on NVIDIA from $175.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Bank of America dropped their price objective on NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.96.

NVIDIA Price Performance

NVDA stock opened at $111.61 on Friday. The firm has a market cap of $2.72 trillion, a P/E ratio of 43.92, a P/E/G ratio of 1.76 and a beta of 1.96. The firm’s fifty day moving average is $111.09 and its 200 day moving average is $128.31. NVIDIA Co. has a 52 week low of $83.20 and a 52 week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA’s payout ratio is currently 1.36%.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by company insiders.

NVIDIA Company 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.