Investors purchased shares of NVIDIA Corporation (NASDAQ:NVDA) on weakness during trading hours on Thursday after an insider sold shares in the company. $599.87 million flowed into the stock on the tick-up and $510.77 million flowed out of the stock on the tick-down, for a money net flow of $89.10 million into the stock. Of all companies tracked, NVIDIA Corporation had the 2nd highest net in-flow for the day. NVIDIA Corporation traded down ($0.10) for the day and closed at $180.77Specifically, insider Michael Byron sold 9,538 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $179.80, for a total value of $1,714,932.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the sale, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. Insiders have sold 496,478 shares of company stock worth $85,901,012 in the last quarter. 5.82% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on NVDA shares. Vetr upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price objective on the stock in a research note on Monday, June 12th. Zacks Investment Research upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective on the stock in a research note on Tuesday, July 11th. Canaccord Genuity reaffirmed a “buy” rating and issued a $190.00 target price on shares of NVIDIA Corporation in a research report on Friday, September 8th. Mizuho reaffirmed a “buy” rating and issued a $170.00 target price (up previously from $145.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $155.31.

The firm’s 50-day moving average price is $171.68 and its 200-day moving average price is $144.85. The firm has a market capitalization of $108.46 billion, a price-to-earnings ratio of 51.99 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm earned $0.53 earnings per share. The company’s quarterly revenue was up 56.2% on a year-over-year basis. Equities research analysts predict that NVIDIA Corporation will post $3.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.31%. NVIDIA Corporation’s payout ratio is presently 15.86%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Evercore Wealth Management LLC raised its position in NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares during the period. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation in the second quarter worth approximately $116,000. Proficio Capital Partners LLC raised its position in NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after acquiring an additional 547 shares during the period. Thompson Davis & CO. Inc. raised its position in NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the period. Finally, Hanson McClain Inc. raised its position in NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 65.79% of the company’s stock.

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NVIDIA Corporation Company 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.

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