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

Gunderson Capital Management Inc. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,402 shares of the computer hardware maker's stock after acquiring an additional 3,960 shares during the quarter. NVIDIA comprises approximately 8.1% of Gunderson Capital Management Inc.'s portfolio, making the stock its biggest position. Gunderson Capital Management Inc.'s holdings in NVIDIA were worth $16,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Traveka Wealth LLC increased its holdings in NVIDIA by 0.6% in the 4th quarter. Traveka Wealth LLC now owns 35,317 shares of the computer hardware maker's stock worth $4,743,000 after buying an additional 203 shares in the last quarter. Unique Wealth LLC increased its holdings in NVIDIA by 10.0% in the 4th quarter. Unique Wealth LLC now owns 37,629 shares of the computer hardware maker's stock worth $5,053,000 after buying an additional 3,428 shares in the last quarter. BCS Wealth Management increased its holdings in NVIDIA by 9.7% in the 4th quarter. BCS Wealth Management now owns 21,309 shares of the computer hardware maker's stock worth $2,862,000 after buying an additional 1,889 shares in the last quarter. Granite Bay Wealth Management LLC increased its holdings in NVIDIA by 15.3% in the 4th quarter. Granite Bay Wealth Management LLC now owns 12,810 shares of the computer hardware maker's stock worth $1,720,000 after buying an additional 1,701 shares in the last quarter. Finally, Tsfg LLC boosted its position in NVIDIA by 3.7% in the fourth quarter. Tsfg LLC now owns 63,264 shares of the computer hardware maker's stock worth $8,496,000 after purchasing an additional 2,272 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on NVDA shares. Tigress Financial raised NVIDIA from a "buy" rating to a "strong-buy" rating and raised their target price for the stock from $170.00 to $220.00 in a research report on Tuesday. Truist Financial raised their target price on NVIDIA from $148.00 to $167.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Susquehanna raised their target price on NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Phillip Securities reissued an "accumulate" rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Finally, Loop Capital reissued a "buy" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $166.23.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last ninety days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Stock Up 0.8 %

Shares of NASDAQ NVDA traded up $1.05 during mid-day trading on Thursday, reaching $124.75. 390,509,528 shares of the company were exchanged, compared to its average volume of 292,494,438. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.06 trillion, a price-to-earnings ratio of 49.09, a P/E/G ratio of 2.65 and a beta of 1.64. NVIDIA Co. has a 1 year low of $60.70 and a 1 year high of $153.13. The firm has a 50-day moving average of $137.46 and a 200 day moving average of $129.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. During the same period in the prior year, the business posted $0.38 EPS. The firm's quarterly revenue was up 93.6% on a year-over-year basis. On average, research analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's dividend payout ratio is currently 1.57%.

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.