NVIDIA Corporation (NASDAQ:NVDA) is GAMMA Investing LLC’s 2nd Largest Position

GAMMA Investing LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 13.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 450,616 shares of the computer hardware maker’s stock after purchasing an additional 52,694 shares during the period. NVIDIA makes up 3.7% of GAMMA Investing LLC’s holdings, making the stock its 2nd biggest holding. GAMMA Investing LLC’s holdings in NVIDIA were worth $48,838,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. SC&H Financial Advisors Inc. increased its holdings in NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after purchasing an additional 80 shares during the period. DecisionPoint Financial LLC grew its position in shares of NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock worth $386,000 after buying an additional 80 shares in the last quarter. BCR Wealth Strategies LLC increased its stake in shares of NVIDIA by 3.1% during the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker’s stock worth $391,000 after buying an additional 89 shares during the period. Condor Capital Management raised its holdings in NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock valued at $344,000 after acquiring an additional 89 shares in the last quarter. Finally, Squire Investment Management Company LLC lifted its stake in NVIDIA by 4.0% in the fourth quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker’s stock worth $317,000 after acquiring an additional 91 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. DA Davidson increased their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. TD Cowen increased their target price on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Citigroup reaffirmed a “buy” rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Truist Financial increased 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. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $175.78.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the transaction, the chief financial officer now owns 173,060 shares of the company’s stock, valued at $24,956,982.60. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 50,980 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $156.92, for a total value of $7,999,781.60. Following the completion of the sale, the director now directly owns 1,679,361 shares of the company’s stock, valued at approximately $263,525,328.12. This trade represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,792,267 shares of company stock worth $544,823,117 over the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $157.75 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The business has a 50 day simple moving average of $130.96 and a 200-day simple moving average of $127.05. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $158.71. The stock has a market capitalization of $3.85 trillion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.29%.

NVIDIA Company 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.