Atlas Brown Inc. Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Atlas Brown Inc. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 299.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,532 shares of the computer hardware maker’s stock after buying an additional 14,637 shares during the period. NVIDIA accounts for approximately 1.8% of Atlas Brown Inc.’s portfolio, making the stock its 10th largest holding. Atlas Brown Inc.’s holdings in NVIDIA were worth $4,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Engine NO. 1 LLC bought a new position in shares of NVIDIA in the second quarter worth approximately $1,587,000. Massmutual Trust Co. FSB ADV increased its position in shares of NVIDIA by 8.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 28,615 shares of the computer hardware maker’s stock worth $22,895,000 after purchasing an additional 2,170 shares during the last quarter. Fulton Bank N.A. boosted its stake in NVIDIA by 291.0% in the third quarter. Fulton Bank N.A. now owns 54,154 shares of the computer hardware maker’s stock worth $11,219,000 after buying an additional 40,303 shares in the last quarter. Wall Street Access Asset Management LLC purchased a new stake in NVIDIA in the second quarter worth approximately $223,000. Finally, Ipswich Investment Management Co. Inc. boosted its stake in NVIDIA by 287.5% in the third quarter. Ipswich Investment Management Co. Inc. now owns 17,331 shares of the computer hardware maker’s stock worth $3,590,000 after buying an additional 12,859 shares in the last quarter. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Several analysts have issued reports on NVDA shares. KeyCorp upped their target price on NVIDIA from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 18th. Barclays upped their target price on NVIDIA from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, August 19th. Truist Securities upped their target price on NVIDIA from $360.00 to $389.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Raymond James upped their target price on NVIDIA from $225.00 to $365.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 18th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft upped their target price on NVIDIA from $185.00 to $285.00 and gave the stock a “hold” rating in a research note on Thursday, November 18th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $326.78.

NVDA traded up $9.28 during trading on Thursday, reaching $326.74. The stock had a trading volume of 43,469,906 shares, compared to its average volume of 34,447,004. The stock’s 50 day moving average is $248.30 and its two-hundred day moving average is $210.84. The company has a current ratio of 5.80, a quick ratio of 5.33 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $814.24 billion, a price-to-earnings ratio of 116.48, a P/E/G ratio of 4.45 and a beta of 1.46. NVIDIA Co. has a one year low of $115.67 and a one year high of $346.47.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $0.60 earnings per share. On average, equities research analysts predict that NVIDIA Co. will post 3.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 23rd. Shareholders of record on Thursday, December 2nd will be issued a $0.04 dividend. The ex-dividend date is Wednesday, December 1st. This represents a $0.16 dividend on an annualized basis and a yield of 0.05%. NVIDIA’s dividend payout ratio (DPR) is 5.70%.

In related news, Director Mark A. Stevens sold 58,000 shares of the stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $342.58, for a total transaction of $19,869,640.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Persis Drell sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 19th. The stock was sold at an average price of $326.65, for a total value of $3,266,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,000 shares of company stock valued at $25,222,940. 4.47% of the stock is owned by corporate insiders.

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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