Atlas Wealth LLC Purchases 1,902 Shares of NVIDIA Corporation $NVDA

Key Points

• Atlas Wealth LLC increased its stake in NVIDIA Corporation by 16.5%, owning 13,428 shares valued at approximately $1.45 million after acquiring an additional 1,902 shares in the first quarter.
• NVIDIA reported a 55.6% year-over-year increase in quarterly revenue, reaching $46.74 billion and exceeding analysts' expectations, alongside an EPS of $1.05.
• The company released a quarterly dividend of $0.01 per share, set to be paid on October 2nd, with a current dividend payout ratio of 1.14%.

Atlas Wealth LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,428 shares of the computer hardware maker's stock after purchasing an additional 1,902 shares during the quarter. Atlas Wealth LLC's holdings in NVIDIA were worth $1,455,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NVDA. Copia Wealth Management purchased a new position in shares of NVIDIA in the fourth quarter valued at $50,000. LSV Asset Management acquired a new stake in shares of NVIDIA during the fourth quarter worth $54,000. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the transaction, the chief executive officer directly owned 72,848,225 shares in the company, valued at $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,862,440 shares of company stock worth $896,145,782 over the last three months. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein restated an "outperform" rating and set a $225.00 price objective (up previously from $185.00) on shares of NVIDIA in a research report on Thursday. Morgan Stanley raised their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday. Robert W. Baird increased their price target on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Wells Fargo & Company increased their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Stock Performance

NVDA traded down $5.99 during trading hours on Friday, reaching $174.18. The company's stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21. The company's 50-day moving average is $170.83 and its 200-day moving average is $139.08. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The firm has a market cap of $4.23 trillion, a PE ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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