Brandywine Oak Private Wealth LLC Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Brandywine Oak Private Wealth LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 75,612 shares of the computer hardware maker’s stock after buying an additional 657 shares during the quarter. NVIDIA makes up about 1.0% of Brandywine Oak Private Wealth LLC’s investment portfolio, making the stock its 21st largest holding. Brandywine Oak Private Wealth LLC’s holdings in NVIDIA were worth $10,154,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kercheville Advisors LLC lifted its stake in NVIDIA by 21.4% in the fourth quarter. Kercheville Advisors LLC now owns 121,654 shares of the computer hardware maker’s stock worth $16,337,000 after acquiring an additional 21,423 shares during the period. Centennial Wealth Advisory LLC raised its holdings in NVIDIA by 2.0% in the 4th quarter. Centennial Wealth Advisory LLC now owns 22,751 shares of the computer hardware maker’s stock worth $3,055,000 after purchasing an additional 438 shares in the last quarter. NovaPoint Capital LLC lifted its position in shares of NVIDIA by 14.9% in the 4th quarter. NovaPoint Capital LLC now owns 58,136 shares of the computer hardware maker’s stock worth $7,807,000 after purchasing an additional 7,546 shares during the period. Trilogy Capital Inc. boosted its stake in shares of NVIDIA by 6.3% during the 4th quarter. Trilogy Capital Inc. now owns 63,195 shares of the computer hardware maker’s stock valued at $8,486,000 after purchasing an additional 3,742 shares in the last quarter. Finally, Elemental Capital Partners LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at about $6,647,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Morgan Stanley restated an “overweight” rating and issued a $162.00 target price (up previously from $152.00) on shares of NVIDIA in a research note on Wednesday, February 26th. Bank of America upped their price target on NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Citigroup raised their price objective on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group upped their target price on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.69.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 5.7 %

Shares of NASDAQ NVDA opened at $110.57 on Friday. The stock has a market capitalization of $2.70 trillion, a P/E ratio of 43.51, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The business’s 50 day moving average is $132.15 and its two-hundred day moving average is $131.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

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.