GAMMA Investing LLC Has $103.02 Million Holdings in NVIDIA Corporation $NVDA

GAMMA Investing LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 552,154 shares of the computer hardware maker’s stock after purchasing an additional 41,486 shares during the quarter. NVIDIA accounts for about 5.7% of GAMMA Investing LLC’s investment portfolio, making the stock its largest holding. GAMMA Investing LLC’s holdings in NVIDIA were worth $103,021,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Trust Co of the South grew its position in shares of NVIDIA by 63.6% during the 3rd quarter. Trust Co of the South now owns 10,626 shares of the computer hardware maker’s stock valued at $1,983,000 after buying an additional 4,129 shares during the last quarter. Helen Stephens Group LLC boosted its stake in NVIDIA by 3.9% in the third quarter. Helen Stephens Group LLC now owns 1,483 shares of the computer hardware maker’s stock valued at $277,000 after acquiring an additional 56 shares during the period. Global Wealth Strategies & Associates grew its holdings in shares of NVIDIA by 4.3% during the third quarter. Global Wealth Strategies & Associates now owns 5,352 shares of the computer hardware maker’s stock valued at $999,000 after purchasing an additional 221 shares during the last quarter. Rowlandmiller & PARTNERS.ADV raised its position in shares of NVIDIA by 0.7% during the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 42,940 shares of the computer hardware maker’s stock worth $8,012,000 after purchasing an additional 310 shares during the period. Finally, Farmers Trust Co. lifted its holdings in shares of NVIDIA by 5.4% in the 3rd quarter. Farmers Trust Co. now owns 6,308 shares of the computer hardware maker’s stock worth $1,177,000 after purchasing an additional 324 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVDA. DA Davidson restated a “buy” rating and set a $250.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Wolfe Research upped their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Barclays lifted their price objective on shares of NVIDIA from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Stifel Nicolaus upped their target price on shares of NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Seaport Global Securities raised their price target on shares of NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a research note on Monday, November 17th. Four analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Buy” and an average price target of $258.65.

Insider Transactions at NVIDIA

In related news, EVP Debora Shoquist sold 80,000 shares of NVIDIA stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the transaction, the executive vice president directly owned 1,574,443 shares of the company’s stock, valued at $290,720,899.95. The trade was a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,679,474 shares of company stock worth $487,070,117. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 3.8%

Shares of NASDAQ:NVDA opened at $170.94 on Thursday. The company has a 50 day moving average of $186.00 and a 200-day moving average of $174.63. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.15 trillion, a P/E ratio of 42.42, a P/E/G ratio of 0.87 and a beta of 2.29. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 0.99%.

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.