NVIDIA Corporation (NASDAQ:NVDA) Stake Lessened by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 249,353 shares of the computer hardware maker’s stock after selling 20,624 shares during the quarter. NVIDIA comprises about 1.6% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 28th biggest holding. Atalanta Sosnoff Capital LLC’s holdings in NVIDIA were worth $48,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Carnegie Capital Asset Management LLC boosted its holdings in shares of NVIDIA by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after buying an additional 30 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of NVIDIA by 1.8% in the second quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock worth $271,000 after buying an additional 33 shares during the last quarter. BRYN MAWR TRUST Co boosted its holdings in shares of NVIDIA by 1.0% in the second quarter. BRYN MAWR TRUST Co now owns 5,050 shares of the computer hardware maker’s stock worth $731,000 after buying an additional 50 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 1.7% in the second quarter. Arete Wealth Advisors LLC now owns 2,934 shares of the computer hardware maker’s stock worth $424,000 after buying an additional 50 shares during the last quarter. Finally, HCR Wealth Advisors boosted its holdings in shares of NVIDIA by 4.8% in the second quarter. HCR Wealth Advisors now owns 2,202 shares of the computer hardware maker’s stock worth $318,000 after buying an additional 100 shares during the last quarter. 63.40% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director A Brooke Seawell sold 1,029 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the sale, the director now owns 1,029 shares in the company, valued at $220,308.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 171 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. Insiders sold 19,858 shares of company stock worth $4,227,384 in the last 90 days. 5.17% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on the stock. Citigroup reissued a “buy” rating and issued a $210.00 price objective (up previously from $185.00) on shares of NVIDIA in a report on Friday, September 29th. Vetr downgraded shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price objective on the stock. in a report on Wednesday, January 3rd. Goldman Sachs Group reissued a “buy” rating and issued a $228.00 price objective on shares of NVIDIA in a report on Friday, January 5th. Bank of America set a $210.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Needham & Company LLC raised their price objective on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $192.45.

NVIDIA Corporation (NASDAQ:NVDA) traded down $2.87 during trading on Tuesday, hitting $220.11. 17,412,165 shares of the stock traded hands, compared to its average volume of 13,410,000. The company has a market capitalization of $133,390.00, a PE ratio of 55.03, a P/E/G ratio of 5.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA Corporation has a 52-week low of $95.17 and a 52-week high of $227.51.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. sell-side analysts expect that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.

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NVIDIA Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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