Fri Sep 20 09:12:51 UTC 2024: ## Atomi Financial Group Boosts NVIDIA Stake by Over 1100%
**New York, NY** – Atomi Financial Group Inc. significantly increased its stake in NVIDIA Corporation (NASDAQ: NVDA) during the second quarter, according to HoldingsChannel.com. The firm now owns 192,263 shares of the computer hardware maker, representing a 1,128.4% increase from the previous quarter.
This move makes NVIDIA the 9th largest holding for Atomi Financial Group, accounting for approximately 1.8% of their total portfolio. The firm’s NVIDIA holdings are currently valued at $23,752,000.
Atomi Financial Group is not alone in its bullish stance on NVIDIA. Other institutional investors and hedge funds have also been actively buying and selling shares of the company.
Several analysts have recently upgraded their price targets for NVIDIA. Robert W. Baird, UBS Group, KeyCorp, Mizuho, and The Goldman Sachs Group all raised their targets, with many citing strong growth prospects for the company.
However, insider trading activity has been mixed. Director Mark A. Stevens sold 385,000 shares in July, while CEO Jen Hsun Huang sold 120,000 shares in September. Despite these sales, insiders still hold a significant 4.23% stake in the company.
Overall, institutional investors own 65.27% of NVIDIA’s stock. The company’s strong performance in the second quarter, with revenue exceeding analyst expectations, has fueled further optimism among investors.
NVIDIA is currently rated “Moderate Buy” with an average target price of $142.10, according to MarketBeat. The company’s stock opened at $117.87 on Friday.
First Piper 