Atalanta Sosnoff Capital LLC Acquires 425,239 Shares of NVIDIA Co. (NASDAQ:NVDA)

Atalanta Sosnoff Capital LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 298.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 567,884 shares of the computer hardware maker’s stock after buying an additional 425,239 shares during the quarter. NVIDIA accounts for about 2.8% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 8th largest position. Atalanta Sosnoff Capital LLC’s holdings in NVIDIA were worth $117,643,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Capital Asset Advisory Services LLC grew its holdings in shares of NVIDIA by 202.6% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 9,412 shares of the computer hardware maker’s stock worth $1,950,000 after purchasing an additional 6,302 shares in the last quarter. Columbia Trust Co 01012016 grew its holdings in shares of NVIDIA by 296.3% during the 3rd quarter. Columbia Trust Co 01012016 now owns 14,063 shares of the computer hardware maker’s stock worth $2,914,000 after purchasing an additional 10,514 shares in the last quarter. Enterprise Trust & Investment Co lifted its position in shares of NVIDIA by 300.0% during the 3rd quarter. Enterprise Trust & Investment Co now owns 85,700 shares of the computer hardware maker’s stock worth $17,754,000 after buying an additional 64,275 shares during the period. Hollencrest Capital Management lifted its position in shares of NVIDIA by 536.2% during the 3rd quarter. Hollencrest Capital Management now owns 18,774 shares of the computer hardware maker’s stock worth $3,889,000 after buying an additional 15,823 shares during the period. Finally, Nadler Financial Group Inc. lifted its position in shares of NVIDIA by 301.0% during the 3rd quarter. Nadler Financial Group Inc. now owns 6,553 shares of the computer hardware maker’s stock worth $1,358,000 after buying an additional 4,919 shares during the period. 19.24% of the stock is currently owned by institutional investors.

In other NVIDIA news, Director Mark A. Stevens sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $342.58, for a total value of $19,869,640.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert K. Burgess sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 13th. The shares were sold at an average price of $208.68, for a total value of $2,086,800.00. The disclosure for this sale can be found here. Insiders have sold 78,000 shares of company stock worth $25,222,940 in the last quarter. 4.47% of the stock is currently owned by corporate insiders.

NVDA opened at $326.74 on Thursday. NVIDIA Co. has a 52-week low of $115.67 and a 52-week high of $346.47. The firm has a market capitalization of $814.24 billion, a PE ratio of 116.48, a PEG ratio of 4.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.33 and a current ratio of 5.80. The business’s 50-day simple moving average is $248.30 and its 200 day simple moving average is $210.84.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 40.88% and a net margin of 32.33%. During the same quarter last year, the firm earned $0.60 EPS. On average, research analysts forecast that NVIDIA Co. will post 3.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 23rd. Investors of record on Thursday, December 2nd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $0.16 annualized dividend and a yield of 0.05%. NVIDIA’s payout ratio is presently 5.70%.

Several research firms recently commented on NVDA. Zacks Investment Research upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $231.00 target price for the company in a research report on Tuesday, August 24th. Benchmark lifted their price objective on NVIDIA from $230.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, November 18th. Piper Sandler lifted their price objective on NVIDIA from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, November 18th. Oppenheimer lifted their price objective on NVIDIA from $235.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 11th. Finally, Needham & Company LLC lifted their price objective on NVIDIA from $245.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, November 18th. Three research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $326.78.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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