Orca Wealth Management LLC Acquires Shares of 7,122 NVIDIA Co. (NASDAQ:NVDA)

Orca Wealth Management LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 7,122 shares of the computer hardware maker's stock, valued at approximately $956,000.

Several other large investors have also recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. increased its holdings in NVIDIA by 897.5% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 119,110 shares of the computer hardware maker's stock valued at $14,715,000 after purchasing an additional 107,169 shares during the period. Palisade Asset Management LLC increased its holdings in NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares during the period. Blue Square Asset Management LLC increased its holdings in NVIDIA by 26.7% during the 3rd quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock valued at $5,840,000 after purchasing an additional 10,136 shares during the period. Narwhal Capital Management increased its holdings in NVIDIA by 5.1% during the 3rd quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker's stock valued at $66,267,000 after purchasing an additional 26,373 shares during the period. Finally, Tybourne Capital Management HK Ltd. increased its holdings in NVIDIA by 46.7% during the 3rd quarter. Tybourne Capital Management HK Ltd. now owns 16,826 shares of the computer hardware maker's stock valued at $2,043,000 after purchasing an additional 5,360 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,670 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Company insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NVDA. UBS Group boosted their price target on NVIDIA from $150.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. TD Cowen boosted their price target on NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Wells Fargo & Company boosted their price target on NVIDIA from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. The Goldman Sachs Group boosted their price target on NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Robert W. Baird lifted their price objective on NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $168.21.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $5.76 during midday trading 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 company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 12-month low of $74.22 and a 12-month high of $153.13. The company has a fifty day moving average of $134.66 and a two-hundred day moving average of $131.33.

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