Investors Sell NVIDIA Corporation (NVDA) on Strength (NVDA)
Investors sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading hours on Friday. $656.86 million flowed into the stock on the tick-up and $733.06 million flowed out of the stock on the tick-down, for a money net flow of $76.20 million out of the stock. Of all companies tracked, NVIDIA Corporation had the 10th highest net out-flow for the day. NVIDIA Corporation traded up $0.03 for the day and closed at $161.50
A number of equities analysts have recently commented on the stock. UBS AG reissued a “buy” rating and issued a $132.00 price target on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. B. Riley reissued a “buy” rating and issued a $135.00 price target on shares of NVIDIA Corporation in a research report on Monday, May 8th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $165.00 price target (up previously from $130.00) on shares of NVIDIA Corporation in a research report on Monday, May 15th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of NVIDIA Corporation in a research report on Monday, July 3rd. Finally, Barclays PLC reissued an “equal weight” rating and issued a $105.00 price target (up previously from $90.00) on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $145.00.
The stock has a 50-day moving average of $161.14 and a 200-day moving average of $128.99. The company has a market capitalization of $96.42 billion, a P/E ratio of 46.45 and a beta of 1.24.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $0.53 earnings per share. The firm’s revenue was up 56.2% compared to the same quarter last year. Equities research analysts predict that NVIDIA Corporation will post $3.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.35%. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.
In other news, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $164.53, for a total transaction of $8,226,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 3,107 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total value of $434,980.00. Following the transaction, the director now owns 5,165 shares of the company’s stock, valued at $723,100. The disclosure for this sale can be found here. Insiders have sold 560,556 shares of company stock valued at $85,649,706 over the last 90 days. 5.82% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. WFG Advisors LP increased its position in shares of NVIDIA Corporation by 64.4% in the second quarter. WFG Advisors LP now owns 1,598 shares of the computer hardware maker’s stock worth $231,000 after buying an additional 626 shares during the period. Toronto Dominion Bank increased its position in shares of NVIDIA Corporation by 26.8% in the second quarter. Toronto Dominion Bank now owns 200,875 shares of the computer hardware maker’s stock worth $29,033,000 after buying an additional 42,420 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in shares of NVIDIA Corporation during the second quarter worth about $225,000. Gofen & Glossberg LLC IL increased its position in shares of NVIDIA Corporation by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 16,077 shares of the computer hardware maker’s stock worth $2,324,000 after buying an additional 100 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of NVIDIA Corporation by 65.7% in the second quarter. Public Employees Retirement System of Ohio now owns 401,800 shares of the computer hardware maker’s stock worth $58,084,000 after buying an additional 159,282 shares during the period. Institutional investors own 68.55% of the company’s stock.
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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