Orca Wealth Management LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Orca Wealth Management LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,122 shares of the computer hardware maker’s stock, valued at approximately $956,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennedy Investment Group raised its holdings in shares of NVIDIA by 4.8% during the 4th quarter. Kennedy Investment Group now owns 57,376 shares of the computer hardware maker’s stock worth $7,705,000 after acquiring an additional 2,618 shares during the period. BSW Wealth Partners raised its holdings in shares of NVIDIA by 9.3% during the 4th quarter. BSW Wealth Partners now owns 76,544 shares of the computer hardware maker’s stock worth $10,279,000 after acquiring an additional 6,502 shares during the period. Falcon Wealth Planning raised its holdings in shares of NVIDIA by 12.6% during the 4th quarter. Falcon Wealth Planning now owns 38,057 shares of the computer hardware maker’s stock worth $5,111,000 after acquiring an additional 4,269 shares during the period. Aspire Capital Advisors LLC raised its holdings in shares of NVIDIA by 1.6% during the 4th quarter. Aspire Capital Advisors LLC now owns 12,419 shares of the computer hardware maker’s stock worth $1,668,000 after acquiring an additional 200 shares during the period. Finally, Stonegate Investment Group LLC raised its holdings in shares of NVIDIA by 7.3% during the 4th quarter. Stonegate Investment Group LLC now owns 151,844 shares of the computer hardware maker’s stock worth $20,391,000 after acquiring an additional 10,327 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, 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. Over the last quarter, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Down 4.1 %

Shares of NASDAQ:NVDA opened at $134.35 on Friday. The company has a fifty day moving average of $134.66 and a 200-day moving average of $131.33. The company has a market capitalization of $3.29 trillion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. 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 Co. has a 52-week low of $74.22 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVDA. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Susquehanna boosted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Barclays boosted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Piper Sandler boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Mizuho boosted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.21.

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.