NVIDIA Co. (NVDA) Short Interest Update
NVIDIA Co. (NASDAQ:NVDA) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 15,324,150 shares, a decrease of 11.9% from the January 12th total of 17,391,212 shares. Based on an average trading volume of 13,117,566 shares, the short-interest ratio is currently 1.2 days. Currently, 2.7% of the shares of the company are sold short.
Shares of NVIDIA (NASDAQ:NVDA) opened at $228.03 on Tuesday. NVIDIA has a 12-month low of $95.17 and a 12-month high of $249.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. The company has a market capitalization of $138,190.00, a PE ratio of 47.21, a PEG ratio of 4.83 and a beta of 1.43.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. NVIDIA’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the company posted $1.13 EPS. analysts predict that NVIDIA will post 4.68 earnings per share for the current fiscal year.
Several brokerages have weighed in on NVDA. Goldman Sachs Group downgraded NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price target on the stock. in a research report on Thursday, February 1st. Vetr downgraded NVIDIA from a “hold” rating to a “sell” rating and set a $234.76 price target on the stock. in a research report on Monday, January 29th. Zacks Investment Research raised NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price target on the stock in a research report on Wednesday, January 24th. Nomura increased their price target on NVIDIA to $225.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $305.00 price target (up from $253.00) on shares of NVIDIA in a research report on Friday. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $210.67.
In related news, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $214.10, for a total value of $220,308.90. Following the transaction, the director now directly owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the completion of the transaction, the director now directly owns 28,816 shares in the company, valued at $6,177,862.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,858 shares of company stock worth $1,025,784. 5.17% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Welch Investments LLC purchased a new position in NVIDIA in the 3rd quarter valued at about $104,000. Country Trust Bank lifted its stake in NVIDIA by 490.0% in the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after buying an additional 490 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in NVIDIA in the 4th quarter valued at about $116,000. North Star Investment Management Corp. lifted its stake in NVIDIA by 67.3% in the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after buying an additional 255 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $148,000. 62.70% of the stock is currently owned by hedge funds and other institutional investors.
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NVIDIA 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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