Atticus Wealth Management LLC Has $3.10 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Atticus Wealth Management LLC increased its holdings in NVIDIA Corporation by 20.5%, reaching a total value of $3.10 million with 19,605 shares, marking it as the firm's 22nd largest holding.
• NVIDIA's CEO, Jen Hsun Huang, recently sold 75,000 shares valued at over $12 million, decreasing his ownership by 0.10%, while insiders collectively sold approximately 4.18 million shares worth around $721 million in the past 90 days.
• NVIDIA's stock has received positive analyst ratings, with several firms raising their price targets, the highest being $245.00, indicating strong market confidence following earnings that exceeded expectations.

Atticus Wealth Management LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 20.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,605 shares of the computer hardware maker's stock after purchasing an additional 3,329 shares during the period. NVIDIA comprises 0.8% of Atticus Wealth Management LLC's portfolio, making the stock its 22nd largest holding. Atticus Wealth Management LLC's holdings in NVIDIA were worth $3,097,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HFG Wealth Management LLC increased its stake in shares of NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after acquiring an additional 68 shares during the last quarter. Burkett Financial Services LLC grew its stake in NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares in the last quarter. Elevate Wealth Advisory Inc. increased its position in NVIDIA by 1.7% in the 1st 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. Ehrlich Financial Group raised its stake in shares of NVIDIA by 2.4% during the 2nd quarter. Ehrlich Financial Group now owns 3,354 shares of the computer hardware maker's stock worth $530,000 after purchasing an additional 80 shares in the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of NVIDIA by 0.7% during the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock valued at $1,228,000 after buying an additional 81 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the completion of the transaction, the chief executive officer owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,176,470 shares of company stock worth $720,979,162 in the last ninety days. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Up 0.4%

NVDA stock opened at $177.69 on Friday. The stock has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The company has a 50-day moving average of $176.48 and a two-hundred day moving average of $145.30. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.55. 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 posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The firm's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. 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 payout ratio is 1.14%.

Analyst Ratings Changes

A number of research firms recently commented on NVDA. Evercore ISI increased their price objective on NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday. Craig Hallum boosted their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Truist Financial raised their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday, August 28th. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. Finally, Bank of America increased their target price on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four 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 has an average rating of "Moderate Buy" and an average price target of $209.82.

About NVIDIA

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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