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.
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.
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.
Read More: How Do Investors Open a Backdoor Roth IRA?
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.