Marks Group Wealth Management Inc Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Marks Group Wealth Management Inc increased its position in NVIDIA Co. (NASDAQ:NVDA) by 101.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,114 shares of the computer hardware maker’s stock after buying an additional 1,063 shares during the period. Marks Group Wealth Management Inc’s holdings in NVIDIA were worth $1,047,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional increased its position in NVIDIA by 1.8% during the 3rd quarter. CX Institutional now owns 7,283 shares of the computer hardware maker’s stock worth $3,168,000 after purchasing an additional 126 shares during the period. RFG Holdings Inc. acquired a new position in NVIDIA during the 3rd quarter worth approximately $338,000. Galvin Gaustad & Stein LLC increased its position in NVIDIA by 25.6% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 2,434 shares of the computer hardware maker’s stock worth $1,059,000 after purchasing an additional 496 shares during the period. Syntegra Private Wealth Group LLC increased its position in NVIDIA by 2.4% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 1,906 shares of the computer hardware maker’s stock worth $829,000 after purchasing an additional 45 shares during the period. Finally, SS&H Financial Advisors Inc. acquired a new position in NVIDIA during the 3rd quarter worth approximately $5,550,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 3.9 %

NVDA stock opened at $830.41 on Thursday. The company has a market cap of $2.08 trillion, a price-to-earnings ratio of 69.55, a PEG ratio of 1.26 and a beta of 1.73. 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 business has a fifty day simple moving average of $863.93 and a 200-day simple moving average of $644.83. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. On average, equities research analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group boosted their target price on NVIDIA from $1,100.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Tuesday. Loop Capital began coverage on NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target on the stock. Oppenheimer upped their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Argus upped their price target on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Morgan Stanley upped their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Four investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $941.55.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The stock was 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 directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the 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 of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company’s stock.

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.