Atticus Wealth Management LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Atticus Wealth Management LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 935 shares of the computer hardware maker’s stock after purchasing an additional 88 shares during the quarter. Atticus Wealth Management LLC’s holdings in NVIDIA were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NVDA. United Bank boosted its stake in NVIDIA by 28.9% in the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after acquiring an additional 249,045 shares during the last quarter. MAS Advisors LLC boosted its position in shares of NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after acquiring an additional 583 shares during the last quarter. Navis Wealth Advisors LLC boosted its position in shares of NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at about $929,000. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the completion of the transaction, the executive vice president now directly owns 48,360 shares of the company’s stock, valued at approximately $24,180,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. Insiders have sold 105,352 shares of company stock worth $64,853,077 in the last ninety days. 3.99% of the stock is owned by company insiders.

NVIDIA Trading Up 0.1 %

NVDA opened at $903.56 on Friday. The stock’s fifty day moving average is $765.80 and its two-hundred day moving average is $571.71. The company has a market capitalization of $2.26 trillion, a P/E ratio of 75.68, a PEG ratio of 1.33 and a beta of 1.73. NVIDIA Co. has a 52 week low of $262.20 and a 52 week high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is currently 1.34%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NVDA shares. UBS Group lifted their price target on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. Susquehanna boosted their target price on NVIDIA from $850.00 to $1,050.00 and gave the stock a “positive” rating in a research report on Tuesday, March 19th. Finally, Bank of America boosted their target price on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $908.68.

NVIDIA Profile

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.