Atalanta Sosnoff Capital LLC Has $260.17 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Atalanta Sosnoff Capital LLC has reduced its stake in NVIDIA Corporation by 9.0%, owning 2,400,547 shares, valued at approximately $260.17 million, making NVIDIA its 3rd largest position.
• NVIDIA reported earnings of $1.05 EPS for the quarter, exceeding estimates, and recorded $46.74 billion in revenue, a 55.6% year-over-year increase.
• The company declared a quarterly dividend of $0.01 per share scheduled for payment on October 2nd, with stockholders of record on September 11th.

Atalanta Sosnoff Capital LLC reduced its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400,547 shares of the computer hardware maker's stock after selling 238,008 shares during the period. NVIDIA accounts for 6.2% of Atalanta Sosnoff Capital LLC's portfolio, making the stock its 3rd largest position. Atalanta Sosnoff Capital LLC's holdings in NVIDIA were worth $260,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Elevate Wealth Advisory Inc. boosted its holdings in NVIDIA by 1.7% in the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after purchasing an additional 77 shares during the last quarter. Earnest Partners LLC boosted its holdings in NVIDIA by 0.7% in the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock worth $1,228,000 after purchasing an additional 81 shares during the last quarter. High Note Wealth LLC boosted its holdings in NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after purchasing an additional 91 shares during the last quarter. Kelly Financial Services LLC boosted its holdings in NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after purchasing an additional 94 shares during the last quarter. Finally, Next Capital Management LLC boosted its holdings in NVIDIA by 0.8% in the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after purchasing an additional 94 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 0.4%

Shares of NVDA stock opened at $177.82 on Friday. The company has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 50.66, a PEG ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company's fifty day moving average price is $174.42 and its 200-day moving average price is $141.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue was up 55.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NVDA shares. DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $195.00 to $210.00 in a research note on Thursday. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Evercore ISI lifted their price target on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday, August 27th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $207.83.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. The trade was a 4.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,907,755 shares of company stock worth $633,253,430 over the last 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Company 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.

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