Turtle Creek Wealth Advisors LLC Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Turtle Creek Wealth Advisors LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,396 shares of the computer hardware maker’s stock after acquiring an additional 7,311 shares during the quarter. NVIDIA accounts for 2.5% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 11th biggest holding. Turtle Creek Wealth Advisors LLC’s holdings in NVIDIA were worth $10,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Ironwood Wealth Management LLC. increased its holdings in NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in NVIDIA during the 2nd quarter valued at about $31,000. Beck Bode LLC lifted its stake in NVIDIA by 698.5% during the 2nd quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock valued at $22,591,000 after acquiring an additional 159,966 shares during the period. DSM Capital Partners LLC lifted its holdings in shares of NVIDIA by 592.7% in the 2nd quarter. DSM Capital Partners LLC now owns 6,864,047 shares of the computer hardware maker’s stock valued at $847,984,000 after buying an additional 5,873,143 shares during the period. Finally, DSC Advisors L.P. increased its holdings in shares of NVIDIA by 701.2% during the 2nd quarter. DSC Advisors L.P. now owns 2,580 shares of the computer hardware maker’s stock valued at $319,000 after purchasing an additional 2,258 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $131.28 on Thursday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The stock has a market cap of $3.22 trillion, a PE ratio of 51.66, a P/E/G ratio of 1.76 and a beta of 1.62. The stock has a fifty day moving average price of $134.60 and a 200 day moving average price of $131.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NVDA. UBS Group increased their target price on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Susquehanna increased their price objective on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Monday, January 27th. Needham & Company LLC increased their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Mizuho boosted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.21.

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.