GAMMA Investing LLC Acquires 52,694 Shares of NVIDIA Corporation (NASDAQ:NVDA)

GAMMA Investing LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 450,616 shares of the computer hardware maker's stock after acquiring an additional 52,694 shares during the period. NVIDIA accounts for 3.7% of GAMMA Investing LLC's portfolio, making the stock its 2nd largest position. GAMMA Investing LLC's holdings in NVIDIA were worth $48,838,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NVDA. Wealth Group Ltd. grew its holdings in NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after acquiring an additional 100 shares during the period. Tallon Kerry Patrick acquired a new position in shares of NVIDIA in the 4th quarter valued at $972,000. Capital & Planning LLC grew its holdings in shares of NVIDIA by 16.9% in the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares during the period. Ironwood Wealth Management LLC. grew its holdings in shares of NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 104 shares during the period. Finally, Brighton Jones LLC grew its holdings in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 50,980 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $156.92, for a total value of $7,999,781.60. Following the transaction, the director now owns 1,679,361 shares in the company, valued at approximately $263,525,328.12. This represents a 2.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 50,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the transaction, the director now owns 201,044 shares in the company, valued at approximately $27,104,752.08. This trade represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,792,267 shares of company stock worth $544,823,117. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVDA. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Citigroup reissued a "buy" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $175.78.

NVIDIA Stock Performance

Shares of NVDA stock traded up $2.73 on Friday, reaching $157.75. The stock had a trading volume of 258,593,751 shares, compared to its average volume of 269,195,806. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm's 50-day moving average is $130.96 and its two-hundred day moving average is $126.97. The firm has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 50.89, a P/E/G ratio of 1.40 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $158.71.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

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.