Atlas Brown Inc. Trims Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Atlas Brown Inc. cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,802 shares of the computer hardware maker’s stock after selling 425 shares during the quarter. NVIDIA comprises approximately 1.5% of Atlas Brown Inc.’s portfolio, making the stock its 14th biggest holding. Atlas Brown Inc.’s holdings in NVIDIA were worth $2,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hoover Financial Advisors Inc. acquired a new stake in NVIDIA during the second quarter worth about $32,000. Atlantic Trust LLC increased its stake in NVIDIA by 46.9% during the second quarter. Atlantic Trust LLC now owns 94 shares of the computer hardware maker’s stock worth $36,000 after acquiring an additional 30 shares during the last quarter. Ellevest Inc. increased its stake in NVIDIA by 256.7% during the second quarter. Ellevest Inc. now owns 107 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 77 shares during the last quarter. Avondale Wealth Management acquired a new stake in NVIDIA during the third quarter worth about $49,000. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in NVIDIA during the second quarter worth about $50,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

NASDAQ:NVDA opened at $552.46 on Friday. The company has a quick ratio of 5.51, a current ratio of 6.09 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $521.45 and its two-hundred day moving average is $401.87. NVIDIA Co. has a 52 week low of $180.68 and a 52 week high of $589.07. The company has a market cap of $340.87 billion, a PE ratio of 101.56, a P/E/G ratio of 4.10 and a beta of 1.55.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 19th. The computer hardware maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.21. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.66 billion. NVIDIA had a return on equity of 30.41% and a net margin of 25.93%. The business’s revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. As a group, sell-side analysts expect that NVIDIA Co. will post 6.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 2nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Tuesday, September 1st. NVIDIA’s dividend payout ratio (DPR) is 13.94%.

Several equities research analysts have commented on the company. Sanford C. Bernstein upped their price target on NVIDIA from $415.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Royal Bank of Canada increased their target price on NVIDIA from $528.00 to $610.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Cowen increased their target price on NVIDIA from $475.00 to $540.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Wedbush reiterated an “outperform” rating and issued a $600.00 target price (up previously from $525.00) on shares of NVIDIA in a research note on Friday, October 2nd. Finally, BofA Securities increased their target price on NVIDIA from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and thirty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $521.49.

In related news, EVP Ajay K. Puri sold 12,692 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $405.60, for a total value of $5,147,875.20. Following the sale, the executive vice president now owns 61,983 shares of the company’s stock, valued at approximately $25,140,304.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $513.77, for a total value of $5,137,700.00. Following the completion of the sale, the director now directly owns 10,712 shares in the company, valued at approximately $5,503,504.24. The disclosure for this sale can be found here. In the last three months, insiders sold 173,320 shares of company stock worth $87,129,970. Company insiders own 4.47% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. 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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