Marcum Wealth LLC Sells 640 Shares of NVIDIA Co. (NASDAQ:NVDA)

Marcum Wealth LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,594 shares of the computer hardware maker’s stock after selling 640 shares during the period. NVIDIA makes up 0.8% of Marcum Wealth LLC’s holdings, making the stock its 20th largest position. Marcum Wealth LLC’s holdings in NVIDIA were worth $9,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC raised its holdings in shares of NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker’s stock valued at $10,989,000 after purchasing an additional 322 shares during the period. Wealth Group Ltd. increased its holdings in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock worth $766,000 after purchasing an additional 100 shares during the period. Tallon Kerry Patrick bought a new position in shares of NVIDIA during the fourth quarter worth approximately $972,000. Capital & Planning LLC increased its holdings in shares of NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock worth $1,021,000 after purchasing an additional 1,099 shares during the period. Finally, SeaTown Holdings Pte. Ltd. boosted its position in shares of NVIDIA by 66.0% during the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 109,412 shares of the computer hardware maker’s stock worth $14,693,000 after acquiring an additional 43,500 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVIDIA stock opened at $141.72 on Monday. The company has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.77, a PEG ratio of 1.76 and a beta of 2.12. The business’s 50 day simple moving average is $118.45 and its 200 day simple moving average is $126.10. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.29%.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director now owns 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,255,320 shares of company stock valued at $172,680,419. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Susquehanna reaffirmed a “positive” rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.66.

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.