NVIDIA Corporation (NVDA) Holdings Trimmed by Atalanta Sosnoff Capital LLC
Atalanta Sosnoff Capital LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 249,353 shares of the computer hardware maker’s stock after selling 20,624 shares during the quarter. NVIDIA accounts for approximately 1.6% of Atalanta Sosnoff Capital LLC’s portfolio, making the stock its 28th largest position. Atalanta Sosnoff Capital LLC’s holdings in NVIDIA were worth $48,250,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Prudential Financial Inc. boosted its holdings in shares of NVIDIA by 0.5% during the third quarter. Prudential Financial Inc. now owns 820,787 shares of the computer hardware maker’s stock worth $146,732,000 after acquiring an additional 4,223 shares during the period. Atlantic Trust Group LLC boosted its holdings in shares of NVIDIA by 88.1% during the third quarter. Atlantic Trust Group LLC now owns 56,883 shares of the computer hardware maker’s stock worth $10,168,000 after acquiring an additional 26,641 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of NVIDIA by 11.6% during the third quarter. Parametric Portfolio Associates LLC now owns 1,279,083 shares of the computer hardware maker’s stock worth $228,662,000 after acquiring an additional 132,924 shares during the period. TrimTabs Asset Management LLC boosted its holdings in shares of NVIDIA by 17.0% during the third quarter. TrimTabs Asset Management LLC now owns 2,227 shares of the computer hardware maker’s stock worth $398,000 after acquiring an additional 324 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of NVIDIA during the third quarter worth approximately $235,000. 63.41% of the stock is currently owned by hedge funds and other institutional investors.
NVDA has been the subject of several recent research reports. Mizuho reiterated a “buy” rating and issued a $225.00 price target on shares of NVIDIA in a research note on Tuesday, November 28th. Vetr upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $196.86 price target for the company in a research note on Tuesday, October 10th. Goldman Sachs Group boosted their price target on NVIDIA from $193.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. B. Riley boosted their price target on NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, September 28th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA currently has a consensus rating of “Buy” and an average target price of $192.04.
Shares of NVIDIA Corporation (NVDA) traded down $0.06 during trading on Tuesday, reaching $221.94. The company’s stock had a trading volume of 12,410,000 shares, compared to its average volume of 13,970,000. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA Corporation has a 52-week low of $95.17 and a 52-week high of $225.00. The firm has a market cap of $134,500.00, a P/E ratio of 55.49, a P/E/G ratio of 5.02 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $0.94 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. analysts forecast that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a dividend of $0.15 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Wednesday, November 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 15.00%.
In other NVIDIA news, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now directly owns 1,029 shares in the company, valued at approximately $220,308.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total value of $654,318.28. Following the sale, the director now owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,858 shares of company stock valued at $4,227,384. Company insiders own 5.17% of the company’s stock.
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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