Orca Wealth Management LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,184 shares of the computer hardware maker’s stock after purchasing an additional 143 shares during the period. NVIDIA comprises 1.8% of Orca Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Orca Wealth Management LLC’s holdings in NVIDIA were worth $2,083,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of NVDA. Brighton Jones LLC raised its stake in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after buying an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after buying an additional 3,653 shares during the last quarter. Hudson Value Partners LLC grew its holdings in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after buying an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. grew its holdings in NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after buying an additional 896 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Price Performance
Shares of NVIDIA stock opened at $182.16 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The stock has a market capitalization of $4.43 trillion, a P/E ratio of 51.90, a PEG ratio of 1.30 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $179.35 and its 200 day moving average price is $155.20.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s payout ratio is presently 1.14%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on NVDA shares. Jefferies Financial Group reiterated a “buy” rating and set a $220.00 target price (up previously from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Truist Financial increased their target price on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Oppenheimer restated an “outperform” rating and set a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Wolfe Research raised their price objective on NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $215.00 price objective on shares of NVIDIA in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and an average price target of $222.23.
Get Our Latest Research Report on NVIDIA
Insider Transactions at NVIDIA
In related news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total value of $5,014,448.80. Following the completion of the sale, the chief financial officer directly owned 2,855,762 shares of the company’s stock, valued at $518,092,342.04. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $179.91, for a total value of $13,493,250.00. Following the completion of the sale, the chief executive officer directly owned 69,958,203 shares of the company’s stock, valued at approximately $12,586,180,301.73. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,801,577 shares of company stock worth $678,643,875. Corporate insiders own 4.17% of the company’s stock.
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.
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