Investors Sell NVIDIA (NVDA) on Strength on Insider Selling
Traders sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading hours on Friday after an insider sold shares in the company. $817.26 million flowed into the stock on the tick-up and $1,012.22 million flowed out of the stock on the tick-down, for a money net flow of $194.96 million out of the stock. Of all stocks tracked, NVIDIA had the 0th highest net out-flow for the day. NVIDIA traded up $5.09 for the day and closed at $191.56Specifically, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $185.65, for a total value of $18,565,000.00. Following the sale, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $5,710,965.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 171 shares of the company’s stock in a transaction dated 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 a total of 315,346 shares of company stock worth $59,459,812 over the last ninety days. Insiders own 5.82% of the company’s stock.
A number of analysts have recently weighed in on the stock. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $176.95 target price on the stock in a research report on Wednesday, September 6th. Citigroup reaffirmed a “buy” rating and issued a $210.00 target price (up from $185.00) on shares of NVIDIA in a research report on Friday, September 29th. Bank of America set a $210.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research report on Thursday, October 12th. Loop Capital reaffirmed a “buy” rating and issued a $181.00 target price on shares of NVIDIA in a research report on Tuesday, August 22nd. Finally, Needham & Company LLC upped their target price on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $187.38.
The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The company has a market cap of $113,000.82, a P/E ratio of 45.93, a PEG ratio of 4.34 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. research analysts expect that NVIDIA Corporation will post 4.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.31%. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio is currently 14.89%.
A number of institutional investors and hedge funds have recently bought and sold shares of NVDA. Cibc World Markets Corp increased its position in shares of NVIDIA by 12.1% during the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after purchasing an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its position in shares of NVIDIA by 9.9% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after purchasing an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of NVIDIA by 17.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after purchasing an additional 2,836 shares during the last quarter. Girard Partners LTD. increased its position in shares of NVIDIA by 7.7% during the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock valued at $448,000 after purchasing an additional 221 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of NVIDIA by 160.9% during the 3rd quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after purchasing an additional 120,734 shares during the last quarter. Institutional investors and hedge funds own 63.51% of the company’s stock.
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.
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with Analyst Ratings Network's FREE daily email newsletter.