NVIDIA Co. (NASDAQ:NVDA) is Turtle Creek Wealth Advisors LLC’s 9th Largest Position

Turtle Creek Wealth Advisors LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,085 shares of the computer hardware maker’s stock after purchasing an additional 6,061 shares during the period. NVIDIA accounts for about 1.8% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in NVIDIA were worth $8,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Cutler Investment Counsel LLC lifted its holdings in shares of NVIDIA by 19.9% in the 3rd quarter. Cutler Investment Counsel LLC now owns 5,235 shares of the computer hardware maker’s stock valued at $636,000 after purchasing an additional 869 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in NVIDIA by 9.0% in the third quarter. SRS Capital Advisors Inc. now owns 49,861 shares of the computer hardware maker’s stock valued at $6,055,000 after buying an additional 4,106 shares during the last quarter. Straight Path Wealth Management acquired a new stake in shares of NVIDIA in the third quarter valued at approximately $217,000. LJI Wealth Management LLC grew its position in shares of NVIDIA by 5.6% during the third quarter. LJI Wealth Management LLC now owns 32,593 shares of the computer hardware maker’s stock worth $3,958,000 after acquiring an additional 1,726 shares during the last quarter. Finally, Heritage Investment Group Inc. increased its holdings in shares of NVIDIA by 23.5% in the 3rd quarter. Heritage Investment Group Inc. now owns 10,043 shares of the computer hardware maker’s stock valued at $1,220,000 after acquiring an additional 1,913 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NVDA shares. Loop Capital reissued a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Morgan Stanley raised their price target on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Monday, November 18th. The Goldman Sachs Group lifted their target price on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays increased their price target on NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.15.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,226,886 shares of company stock valued at $161,499,400. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $134.29 on Thursday. The business’s 50-day moving average price is $139.55 and its 200 day moving average price is $128.09. 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 Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The company has a market capitalization of $3.29 trillion, a PE ratio of 52.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up 93.6% on a year-over-year basis. On average, research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

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.