Marks Wealth LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 17.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,660 shares of the computer hardware maker’s stock after purchasing an additional 858 shares during the period. NVIDIA accounts for about 0.5% of Marks Wealth LLC’s investment portfolio, making the stock its 19th largest position. Marks Wealth LLC’s holdings in NVIDIA were worth $1,544,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Piscataqua Savings Bank increased its position in shares of NVIDIA by 14.3% in the 4th quarter. Piscataqua Savings Bank now owns 320 shares of the computer hardware maker’s stock valued at $94,000 after acquiring an additional 40 shares during the period. Venture Visionary Partners LLC increased its position in shares of NVIDIA by 0.3% in the 4th quarter. Venture Visionary Partners LLC now owns 15,776 shares of the computer hardware maker’s stock valued at $4,639,000 after acquiring an additional 43 shares during the period. Tranquility Partners LLC increased its position in shares of NVIDIA by 1.0% in the 4th quarter. Tranquility Partners LLC now owns 4,384 shares of the computer hardware maker’s stock valued at $1,290,000 after acquiring an additional 44 shares during the period. Bedel Financial Consulting Inc. increased its position in shares of NVIDIA by 2.3% in the 4th quarter. Bedel Financial Consulting Inc. now owns 1,976 shares of the computer hardware maker’s stock valued at $581,000 after acquiring an additional 45 shares during the period. Finally, Fusion Capital LLC increased its position in shares of NVIDIA by 2.7% in the 4th quarter. Fusion Capital LLC now owns 1,705 shares of the computer hardware maker’s stock valued at $502,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 55.19% of the company’s stock.
NVDA opened at $159.82 on Wednesday. NVIDIA Co. has a twelve month low of $153.28 and a twelve month high of $346.47. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $178.31 and a 200-day moving average price of $228.41. The company has a market cap of $399.55 billion, a PE ratio of 42.85, a price-to-earnings-growth ratio of 2.30 and a beta of 1.59.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.09 billion. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. NVIDIA’s quarterly revenue was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, sell-side analysts expect that NVIDIA Co. will post 4.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Thursday, June 9th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a yield of 0.10%. NVIDIA’s payout ratio is 4.29%.
Several equities analysts recently issued reports on NVDA shares. Oppenheimer cut their target price on NVIDIA from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, May 19th. Barclays lowered their price target on shares of NVIDIA from $350.00 to $295.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Atlantic Securities lowered their price target on shares of NVIDIA to $205.00 in a report on Thursday, May 26th. Susquehanna lowered their price target on shares of NVIDIA from $280.00 to $260.00 in a report on Thursday, May 26th. Finally, Robert W. Baird lowered their price target on shares of NVIDIA from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, May 27th. Seven analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $270.97.
In other news, EVP Debora Shoquist sold 23,644 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the completion of the sale, the executive vice president now owns 186,476 shares in the company, valued at approximately $35,100,377.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 113,850 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the sale, the director now owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,694 shares of company stock valued at $22,850,524. 4.04% of the stock is owned by insiders.
NVIDIA Company Profile: (Get Rating)
NVIDIA Corporation provides graphics, and computing and networking solutions in the United States, Taiwan, China, and internationally. The company’s 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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