Birch Hill Investment Advisors LLC Buys 9,596 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Birch Hill Investment Advisors LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,946 shares of the computer hardware maker's stock after purchasing an additional 9,596 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in NVIDIA were worth $5,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $50,000. LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC increased its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director owned 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,044,919 shares of company stock valued at $584,414,209. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $159.28 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.98. The company has a market cap of $3.89 trillion, a P/E ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13. The company has a fifty day simple moving average of $136.38 and a 200 day simple moving average of $127.84. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

Analysts Set New Price Targets

A number of analysts have weighed in on NVDA shares. Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Truist Financial raised their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Morgan Stanley restated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $176.19.

About NVIDIA

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.

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