Atlas Brown Inc. Purchases 2,193 Shares of NVIDIA Corporation $NVDA

Key Points

• Atlas Brown Inc. increased its holdings in NVIDIA Corporation by 1.4%, purchasing an additional 2,193 shares, which now represents 7.9% of its portfolio valued at approximately $24.48 million.
• Several other institutional investors, including Astoria Portfolio Advisors and Centerpoint Advisory Group, have also raised their stakes in NVIDIA, with institutional investors owning 65.27% of the stock.
• NVIDIA recently announced a quarterly dividend of $0.01, with a dividend yield of 0.0%, paid on October 2nd to shareholders of record as of September 11th.

Atlas Brown Inc. raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,959 shares of the computer hardware maker's stock after buying an additional 2,193 shares during the quarter. NVIDIA comprises 7.9% of Atlas Brown Inc.'s portfolio, making the stock its largest position. Atlas Brown Inc.'s holdings in NVIDIA were worth $24,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Astoria Portfolio Advisors LLC. lifted its holdings in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group raised its position in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC grew its holdings in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC lifted its position in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc lifted its position in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after buying an additional 1,265 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the sale, the director owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen C. Neal sold 28,000 shares of NVIDIA stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $177.58, for a total value of $4,972,240.00. Following the completion of the transaction, the director directly owned 143,410 shares in the company, valued at $25,466,747.80. This represents a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,020,022 shares of company stock valued at $677,418,500 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Daiwa Capital Markets raised their target price on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. The Goldman Sachs Group reiterated a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $225.00 price target (up previously from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $208.47.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $176.67 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The firm has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a P/E/G ratio of 1.27 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a fifty day moving average price of $175.73 and a 200 day moving average price of $143.44.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business 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 for the quarter was up 55.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

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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