Birchbrook Inc. Increases Holdings in NVIDIA Corporation $NVDA

Birchbrook Inc. increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 34.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,434 shares of the computer hardware maker’s stock after acquiring an additional 2,928 shares during the period. NVIDIA makes up about 1.0% of Birchbrook Inc.’s investment portfolio, making the stock its 21st biggest position. Birchbrook Inc.’s holdings in NVIDIA were worth $1,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its stake in NVIDIA by 16.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 24,267 shares of the computer hardware maker’s stock valued at $3,834,000 after acquiring an additional 3,354 shares during the last quarter. Wealthspire Advisors LLC raised its position in NVIDIA by 20.9% during the second quarter. Wealthspire Advisors LLC now owns 236,689 shares of the computer hardware maker’s stock worth $37,394,000 after acquiring an additional 40,863 shares during the last quarter. FSC Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 45.3% in the second quarter. FSC Wealth Advisors LLC now owns 7,535 shares of the computer hardware maker’s stock valued at $1,190,000 after purchasing an additional 2,350 shares in the last quarter. M Wealth Management LLC acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $242,000. Finally, PFG Private Wealth Management LLC increased its stake in shares of NVIDIA by 12.4% during the 2nd quarter. PFG Private Wealth Management LLC now owns 6,029 shares of the computer hardware maker’s stock worth $953,000 after purchasing an additional 663 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on NVDA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a research note on Monday, December 1st. HSBC set a $320.00 price target on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. S&P Equity Research restated a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Citigroup lifted their price objective on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $250.00 target price (up previously from $240.00) on shares of NVIDIA in a research note on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Price Performance

NVDA opened at $185.16 on Tuesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company’s 50 day simple moving average is $187.20 and its 200 day simple moving average is $172.73. The stock has a market capitalization of $4.50 trillion, a PE ratio of 45.95, a P/E/G ratio of 0.90 and a beta of 2.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s revenue was up 62.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the transaction, the chief executive officer owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,874,931 shares of company stock worth $518,877,705 in the last three months. 4.17% of the stock is currently owned by 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.