Atwater Malick LLC Buys New Stake in NVIDIA Co. (NASDAQ:NVDA)

Atwater Malick LLC bought a new stake in NVIDIA Co. (NASDAQ:NVDA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,167 shares of the computer hardware maker’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. OLD Mission Capital LLC bought a new stake in NVIDIA in the third quarter valued at about $293,000. Hoylecohen LLC increased its stake in NVIDIA by 2.9% in the first quarter. Hoylecohen LLC now owns 8,962 shares of the computer hardware maker’s stock valued at $4,785,000 after acquiring an additional 256 shares during the period. Regency Capital Management Inc. DE acquired a new position in NVIDIA in the first quarter valued at about $43,000. MBL Wealth LLC boosted its position in NVIDIA by 12.7% in the first quarter. MBL Wealth LLC now owns 489 shares of the computer hardware maker’s stock valued at $261,000 after buying an additional 55 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in NVIDIA by 38.7% in the first quarter. Sunbelt Securities Inc. now owns 5,146 shares of the computer hardware maker’s stock valued at $2,748,000 after buying an additional 1,436 shares in the last quarter. 19.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of NVDA stock traded up $9.28 during trading hours on Thursday, hitting $326.74. 43,469,906 shares of the company were exchanged, compared to its average volume of 34,447,004. The business has a 50 day moving average of $248.30 and a two-hundred day moving average of $210.84. The company has a current ratio of 5.80, a quick ratio of 5.33 and a debt-to-equity ratio of 0.52. NVIDIA Co. has a 52 week low of $115.67 and a 52 week high of $346.47. The company has a market capitalization of $814.24 billion, a PE ratio of 116.48, a PEG ratio of 4.45 and a beta of 1.46.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.06. NVIDIA had a net margin of 32.33% and a return on equity of 40.88%. During the same period in the prior year, the company earned $0.60 earnings per share. On average, research analysts forecast that NVIDIA Co. will post 3.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 23rd. Investors of record on Thursday, December 2nd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date is Wednesday, December 1st. NVIDIA’s dividend payout ratio (DPR) is currently 5.70%.

A number of equities analysts have commented on NVDA shares. KeyCorp boosted their price target on shares of NVIDIA from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, November 18th. Craig Hallum upped their target price on shares of NVIDIA from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. Oppenheimer upped their target price on shares of NVIDIA from $235.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 11th. UBS Group upped their target price on shares of NVIDIA from $230.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, November 15th. Finally, Raymond James upped their target price on shares of NVIDIA from $225.00 to $365.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 18th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus price target of $326.78.

In other NVIDIA news, Director Mark A. Stevens sold 58,000 shares of the stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $342.58, for a total value of $19,869,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Persis Drell sold 10,000 shares of the stock in a transaction on Friday, November 19th. The shares were sold at an average price of $326.65, for a total transaction of $3,266,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,000 shares of company stock valued at $25,222,940. 4.47% of the stock is owned by insiders.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims 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.

Further Reading: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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