Traders Sell Shares of NVIDIA Corporation (NVDA) on Strength (NVDA)
Investors sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading on Friday. $816.54 million flowed into the stock on the tick-up and $855.65 million flowed out of the stock on the tick-down, for a money net flow of $39.11 million out of the stock. Of all stocks tracked, NVIDIA Corporation had the 0th highest net out-flow for the day. NVIDIA Corporation traded up $3.56 for the day and closed at $194.59
A number of equities analysts have weighed in on NVDA shares. Mizuho reaffirmed a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of NVIDIA Corporation in a research note on Friday, August 11th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $140.00 target price on shares of NVIDIA Corporation in a research note on Wednesday, August 16th. Bank of America Corporation reaffirmed a “buy” rating and issued a $185.00 target price on shares of NVIDIA Corporation in a research note on Wednesday, June 21st. Vetr downgraded shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price for the company. in a research note on Thursday, August 31st. Finally, Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price for the company in a research note on Tuesday, July 11th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $159.23.
The company has a 50-day moving average price of $176.52 and a 200-day moving average price of $148.62. The firm has a market cap of $116.75 billion, a price-to-earnings ratio of 55.96 and a beta of 1.28.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business posted $0.53 EPS. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, equities research analysts anticipate that NVIDIA Corporation will post $3.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.
In related news, insider Michael Byron sold 409 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the sale, the insider now directly owns 136,199 shares in the company, valued at approximately $23,291,390.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Debora Shoquist sold 33,498 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The disclosure for this sale can be found here. Insiders sold a total of 452,784 shares of company stock worth $81,437,724 over the last 90 days. 5.82% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Cibc World Markets Corp increased its position in shares of NVIDIA Corporation by 12.1% during the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after buying an additional 13,802 shares during the period. Meiji Yasuda Life Insurance Co increased its position in shares of NVIDIA Corporation by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after buying an additional 1,000 shares during the period. RB Capital Management LLC bought a new stake in shares of NVIDIA Corporation during the second quarter valued at about $272,000. Oppenheimer Asset Management Inc. increased its position in shares of NVIDIA Corporation by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after buying an additional 2,836 shares during the period. Finally, D. Scott Neal Inc. bought a new stake in shares of NVIDIA Corporation during the second quarter valued at about $258,000. Hedge funds and other institutional investors own 65.79% of the company’s stock.
About NVIDIA Corporation
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 Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.