Falcon Wealth Planning Purchases 4,269 Shares of NVIDIA Co. (NASDAQ:NVDA)

Falcon Wealth Planning boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,057 shares of the computer hardware maker's stock after acquiring an additional 4,269 shares during the quarter. NVIDIA makes up approximately 0.6% of Falcon Wealth Planning's portfolio, making the stock its 24th largest holding. Falcon Wealth Planning's holdings in NVIDIA were worth $5,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. grew its stake in shares of NVIDIA by 897.5% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 119,110 shares of the computer hardware maker's stock worth $14,715,000 after acquiring an additional 107,169 shares during the last quarter. Palisade Asset Management LLC lifted its holdings in shares of NVIDIA by 0.5% during the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after acquiring an additional 75 shares during the period. Blue Square Asset Management LLC lifted its holdings in shares of NVIDIA by 26.7% during the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock valued at $5,840,000 after acquiring an additional 10,136 shares during the period. Narwhal Capital Management lifted its holdings in shares of NVIDIA by 5.1% during the third quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker's stock valued at $66,267,000 after acquiring an additional 26,373 shares during the period. Finally, Tybourne Capital Management HK Ltd. lifted its holdings in shares of NVIDIA by 46.7% during the third quarter. Tybourne Capital Management HK Ltd. now owns 16,826 shares of the computer hardware maker's stock valued at $2,043,000 after acquiring an additional 5,360 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company's stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a report on Thursday, November 21st. Rosenblatt Securities reiterated a "buy" rating and set a $220.00 price target on shares of NVIDIA in a research report on Wednesday, January 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Monday, January 27th. Susquehanna upped their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $155.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.21.

NVIDIA Stock Down 4.1 %

Shares of NASDAQ NVDA traded down $5.76 during trading hours on Friday, hitting $134.35. The company had a trading volume of 226,998,737 shares, compared to its average volume of 286,691,776. The stock has a market capitalization of $3.29 trillion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $74.22 and a 1-year high of $153.13. The firm's 50 day moving average is $134.66 and its 200-day moving average is $131.33.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The company 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%. The firm's revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

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.