GAM Holding AG Has $33.11 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

GAM Holding AG boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 14.4% in the fourth quarter, HoldingsChannel reports. The firm owned 66,861 shares of the computer hardware maker’s stock after purchasing an additional 8,394 shares during the quarter. NVIDIA accounts for about 2.5% of GAM Holding AG’s holdings, making the stock its 4th largest holding. GAM Holding AG’s holdings in NVIDIA were worth $33,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Indiana Trust & Investment Management CO boosted its position in shares of NVIDIA by 7.6% in the fourth quarter. Indiana Trust & Investment Management CO now owns 11,309 shares of the computer hardware maker’s stock valued at $5,600,000 after acquiring an additional 800 shares during the period. Ballentine Partners LLC boosted its position in shares of NVIDIA by 10.8% in the fourth quarter. Ballentine Partners LLC now owns 34,763 shares of the computer hardware maker’s stock valued at $17,215,000 after acquiring an additional 3,385 shares during the period. Milestone Asset Management LLC boosted its position in shares of NVIDIA by 16.3% in the fourth quarter. Milestone Asset Management LLC now owns 1,336 shares of the computer hardware maker’s stock valued at $662,000 after acquiring an additional 187 shares during the period. Washburn Capital Management Inc. boosted its position in shares of NVIDIA by 4.8% in the fourth quarter. Washburn Capital Management Inc. now owns 6,353 shares of the computer hardware maker’s stock valued at $3,146,000 after acquiring an additional 289 shares during the period. Finally, Panoramic Investment Advisors LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at about $270,000. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,278 shares of company stock worth $72,380,098. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $853.54 on Wednesday. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 71.49, a PEG ratio of 1.27 and a beta of 1.73. NVIDIA Co. has a 52-week low of $262.20 and a 52-week high of $974.00. The stock’s 50 day moving average price is $815.91 and its two-hundred day moving average price is $600.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. On average, equities analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein upped their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Oppenheimer upped their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price objective on shares of NVIDIA in a research report on Monday, March 4th. Mizuho upped their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $911.18.

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.