66,819 NVIDIA Corporation $NVDA Shares Bought by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its NVIDIA stake by 9.8%, buying 66,819 additional shares to own 749,074 shares valued at approximately $171.1 million. NVIDIA now represents about 5.7% of the firm’s portfolio.
• NVIDIA reported quarterly earnings and revenue above analyst expectations, with revenue up 105.9% year over year. The company also authorized a $150 billion share-repurchase program and declared a $0.25 quarterly dividend.
• Shares recently traded at $204.64, down 4.2%, while analysts remained broadly bullish, assigning an average “Buy” rating and a consensus price target of $321.47. Recent insider sales, including a $144.1 million sale by Director Mark A. Stevens, were also disclosed.

GAMMA Investing LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 749,074 shares of the computer hardware maker's stock after buying an additional 66,819 shares during the quarter. NVIDIA makes up about 5.7% of GAMMA Investing LLC's holdings, making the stock its biggest position. GAMMA Investing LLC's holdings in NVIDIA were worth $171,073,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NVDA. Montgomery Financial Services LLC acquired a new position in NVIDIA in the 2nd quarter valued at about $28,000. Phillip James Consulting Co. purchased a new position in NVIDIA in the 1st quarter valued at about $40,000. Bard Associates Inc. lifted its holdings in NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock valued at $54,000 after purchasing an additional 266 shares in the last quarter. Frankly Finances LLC acquired a new stake in shares of NVIDIA during the 2nd quarter worth about $60,000. Finally, ABS Investment Management LLC acquired a new stake in shares of NVIDIA during the 2nd quarter worth about $80,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 4.2%

NVDA opened at $204.64 on Friday. The firm has a market capitalization of $4.93 trillion, a P/E ratio of 25.87, a P/E/G ratio of 1.64 and a beta of 2.22. The firm's 50 day moving average is $221.74 and its 200-day moving average is $204.24. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $243.37. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm's revenue for the quarter was up 105.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. Analysts expect that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA declared that its board has approved a share repurchase program on Monday, September 28th that permits the company to buy back $150 billion in outstanding shares. This buyback authorization permits the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

Insider Transactions at NVIDIA

In other news, EVP Timothy S. Teter sold 30,460 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of NVIDIA stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the transaction, the director owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Oppenheimer set a $315.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. China Renaissance raised their target price on shares of NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research note on Monday, September 21st. UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Friday, October 9th. Finally, Yorkville Ives initiated coverage on NVIDIA in a research note on Tuesday, October 6th. They set an "outperform" rating and a $300.00 price target on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, NVIDIA has an average rating of "Buy" and an average target price of $321.47.

NVIDIA Profile

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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