NVIDIA Co. (NASDAQ:NVDA) is Atalanta Sosnoff Capital LLC's Largest Position

Atalanta Sosnoff Capital LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,638,555 shares of the computer hardware maker's stock after selling 75,705 shares during the quarter. NVIDIA accounts for about 7.7% of Atalanta Sosnoff Capital LLC's portfolio, making the stock its largest holding. Atalanta Sosnoff Capital LLC's holdings in NVIDIA were worth $354,332,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Accredited Wealth Management LLC acquired a new position in NVIDIA during the fourth quarter valued at $263,000. AlTi Global Inc. lifted its holdings in shares of NVIDIA by 8.3% in the 4th quarter. AlTi Global Inc. now owns 117,414 shares of the computer hardware maker's stock valued at $15,917,000 after buying an additional 8,969 shares during the period. Albar Capital Partners LLP acquired a new stake in NVIDIA during the fourth quarter worth about $23,061,000. Allegheny Financial Group grew its holdings in NVIDIA by 9.5% during the fourth quarter. Allegheny Financial Group now owns 8,390 shares of the computer hardware maker's stock worth $1,127,000 after acquiring an additional 729 shares during the period. Finally, 1248 Management LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $4,961,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Mizuho lowered their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Citigroup reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, Barclays decreased their price objective on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $165.86.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $131.29 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11. The company's 50-day moving average is $113.89 and its two-hundred day moving average is $126.94. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.

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.

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