Atlantic Trust LLC Boosts Stake in NVIDIA Corporation (NVDA)
Atlantic Trust LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,026 shares of the computer hardware maker’s stock after buying an additional 833 shares during the period. NVIDIA makes up 1.6% of Atlantic Trust LLC’s holdings, making the stock its 19th biggest position. Atlantic Trust LLC’s holdings in NVIDIA were worth $2,150,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Welch Investments LLC purchased a new position in NVIDIA during the third quarter worth about $104,000. Evercore Wealth Management LLC raised its stake in NVIDIA by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after purchasing an additional 206 shares during the period. Thompson Davis & CO. Inc. raised its stake in NVIDIA by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after purchasing an additional 6 shares during the period. Edge Advisors LLC raised its stake in NVIDIA by 98.8% during the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after purchasing an additional 415 shares during the period. Finally, Hanson McClain Inc. increased its position in shares of NVIDIA by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the last quarter. 63.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $186.18 on Thursday. The firm has a market cap of $115,649.04, a P/E ratio of 47.01, a PEG ratio of 4.44 and a beta of 1.18. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a 12-month low of $91.57 and a 12-month high of $218.67.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 EPS. research analysts expect that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.15 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.32%. NVIDIA’s dividend payout ratio is 14.89%.
A number of equities research analysts have weighed in on NVDA shares. Raymond James Financial lifted their price target on shares of NVIDIA and gave the company an “outperform” rating in a research report on Friday, November 10th. Bank of America set a $210.00 price target on shares of NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Friday, September 8th. Royal Bank of Canada lifted their price target on shares of NVIDIA from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Goldman Sachs Group lifted their price target on shares of NVIDIA from $193.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and an average target price of $187.38.
In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Byron sold 9,538 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $179.80, for a total transaction of $1,714,932.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,175 shares of company stock valued at $59,428,079. 5.82% of the stock is owned by insiders.
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NVIDIA Company Profile
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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