Birchcreek Wealth Management LLC Has $2.05 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Birchcreek Wealth Management LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 6.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,137 shares of the computer hardware maker’s stock after buying an additional 233 shares during the quarter. NVIDIA accounts for about 1.2% of Birchcreek Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Birchcreek Wealth Management LLC’s holdings in NVIDIA were worth $2,049,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NVDA. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA during the fourth quarter worth about $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the third quarter valued at approximately $30,000. O Brien Wealth Partners LLC raised its stake in shares of NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its position in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the period. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on NVDA shares. Citigroup boosted their price target on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Susquehanna reissued a “positive” rating and issued a $1,050.00 price target on shares of NVIDIA in a research report on Thursday, April 4th. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a report on Tuesday, March 19th. Sanford C. Bernstein increased their target price on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $944.05.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $905.54 on Wednesday. The firm’s 50 day simple moving average is $872.36 and its 200 day simple moving average is $659.34. NVIDIA Co. has a fifty-two week low of $280.46 and a fifty-two week high of $974.00. The company has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.84, a P/E/G ratio of 1.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

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, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 over the last 90 days. 3.99% of the stock is owned by company insiders.

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.