Atlas Private Wealth Advisors Sells 38 Shares of NVIDIA Co. (NASDAQ:NVDA)

Posted by Defense World Staff on Jun 25th, 2023

Atlas Private Wealth Advisors reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,727 shares of the computer hardware maker’s stock after selling 38 shares during the period. Atlas Private Wealth Advisors’ holdings in NVIDIA were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Personal Capital Advisors Corp boosted its holdings in NVIDIA by 29.9% in the fourth quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after acquiring an additional 143,483 shares during the last quarter. Avala Global LP bought a new stake in NVIDIA in the fourth quarter valued at approximately $16,455,000. DGS Capital Management LLC lifted its stake in NVIDIA by 9.0% in the fourth quarter. DGS Capital Management LLC now owns 3,036 shares of the computer hardware maker’s stock valued at $444,000 after buying an additional 250 shares during the period. Dash Acquisitions Inc. acquired a new position in NVIDIA in the first quarter valued at approximately $284,000. Finally, Thrive Wealth Management LLC lifted its stake in NVIDIA by 3.8% in the first quarter. Thrive Wealth Management LLC now owns 3,100 shares of the computer hardware maker’s stock valued at $861,000 after buying an additional 114 shares during the period. 64.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Evercore ISI boosted their price target on NVIDIA from $320.00 to $500.00 in a research note on Thursday, May 25th. JPMorgan Chase & Co. boosted their price target on NVIDIA from $250.00 to $500.00 in a research note on Thursday, May 25th. Wells Fargo & Company boosted their price target on NVIDIA from $320.00 to $450.00 in a research note on Thursday, May 25th. Tigress Financial boosted their price target on NVIDIA from $250.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, March 30th. Finally, Mizuho upped their target price on NVIDIA from $290.00 to $400.00 in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $383.19.

NVIDIA Trading Down 1.9 %

Shares of NVDA opened at $422.09 on Friday. The business has a 50-day moving average of $337.91 and a 200 day moving average of $254.83. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $439.90. The firm has a market cap of $1.04 trillion, a P/E ratio of 219.84, a price-to-earnings-growth ratio of 2.95 and a beta of 1.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.52 billion. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. As a group, research analysts forecast that NVIDIA Co. will post 6.29 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 8th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date is Wednesday, June 7th. NVIDIA’s payout ratio is presently 8.33%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 40,000 shares of NVIDIA stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total transaction of $17,282,400.00. Following the completion of the transaction, the director now owns 1,052,286 shares of the company’s stock, valued at approximately $454,650,689.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Debora Shoquist sold 23,084 shares of NVIDIA stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the completion of the sale, the executive vice president now owns 139,860 shares in the company, valued at approximately $42,657,300. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 40,000 shares of NVIDIA stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $432.06, for a total value of $17,282,400.00. Following the sale, the director now owns 1,052,286 shares of the company’s stock, valued at approximately $454,650,689.16. The disclosure for this sale can be found here. Insiders sold 372,988 shares of company stock valued at $148,368,561 in the last quarter. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.