15,134 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 15,134 shares of the computer hardware maker’s stock, valued at approximately $7,495,000. NVIDIA comprises about 2.0% of GAMMA Investing LLC’s portfolio, making the stock its 5th biggest position.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of NVIDIA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after purchasing an additional 2,287,471 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after purchasing an additional 910,009 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after purchasing an additional 16,835,703 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NVIDIA by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,197,744 shares of the computer hardware maker’s stock valued at $5,740,887,000 after purchasing an additional 77,089 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of NVIDIA by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker’s stock valued at $4,586,865,000 after purchasing an additional 209,085 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 in the last quarter. Company insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. Bank of America lifted their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Morgan Stanley lifted their target price on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, February 20th. Evercore ISI began coverage on shares of NVIDIA in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 target price on the stock. Finally, Truist Financial lifted their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $941.55.

NVIDIA Stock Down 3.9 %

Shares of NASDAQ:NVDA opened at $830.41 on Thursday. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 69.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 1-year low of $272.40 and a 1-year high of $974.00. The company’s fifty day moving average is $863.93 and its two-hundred day moving average is $644.83. 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 released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

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.