Turtle Creek Wealth Advisors LLC Takes $1.62 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Turtle Creek Wealth Advisors LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,268 shares of the computer hardware maker’s stock, valued at approximately $1,618,000.

Several other hedge funds have also recently made changes to their positions in NVDA. LFA Lugano Financial Advisors SA purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Peoples Financial Services CORP. purchased a new stake in NVIDIA in the third quarter worth $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA in the third quarter worth $30,000. Quarry LP purchased a new stake in NVIDIA in the first quarter worth $34,000. Finally, Compass Wealth Management LLC purchased a new stake in NVIDIA in the fourth quarter worth $39,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 1.6 %

NVDA stock opened at $874.15 on Wednesday. NVIDIA Co. has a fifty-two week low of $262.25 and a fifty-two week high of $974.00. The business’s 50-day moving average is $838.10 and its two-hundred day moving average is $616.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.21, a P/E/G ratio of 1.27 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 the consensus estimate of $20.40 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. NVIDIA’s revenue was up 265.3% on a year-over-year basis. As a group, analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. HSBC upped their price target on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Benchmark reaffirmed a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upped their price target on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Raymond James upped their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a research note on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated 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 owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is 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.