NVIDIA Co. (NASDAQ:NVDA) Holdings Lowered by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,855 shares of the computer hardware maker's stock after selling 6,547 shares during the quarter. NVIDIA accounts for approximately 8.1% of Gunderson Capital Management Inc.'s investment portfolio, making the stock its 2nd largest position. Gunderson Capital Management Inc.'s holdings in NVIDIA were worth $12,556,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in NVIDIA in the fourth quarter worth $43,515,504,000. GAMMA Investing LLC grew its holdings in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. Northern Trust Corp increased its stake in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the period. Proficio Capital Partners LLC increased its stake in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after buying an additional 34,441,082 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NVIDIA during the 4th quarter valued at about $2,987,733,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded down $3.03 during midday trading on Friday, reaching $141.97. 180,270,368 shares of the company's stock traded hands, compared to its average volume of 276,444,292. The company has a fifty day simple moving average of $121.86 and a two-hundred day simple moving average of $126.41. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $153.13. The company has a market cap of $3.46 trillion, a P/E ratio of 55.87, a PEG ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the company posted $0.61 EPS. The firm's revenue was up 69.2% on a year-over-year basis. Equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. Mizuho increased their price target on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $172.24.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,560,845 shares of company stock worth $360,351,849. Company insiders own 4.17% of the company's stock.

About NVIDIA

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.