Traders sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading on Wednesday. $619.10 million flowed into the stock on the tick-up and $647.73 million flowed out of the stock on the tick-down, for a money net flow of $28.63 million out of the stock. Of all companies tracked, NVIDIA Corporation had the 0th highest net out-flow for the day. NVIDIA Corporation traded up $0.76 for the day and closed at $170.37

NVDA has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $171.00 target price (up from $165.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 14th. Vetr cut NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a research note on Thursday, August 31st. Zacks Investment Research raised NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a research note on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating on shares of NVIDIA Corporation in a research note on Thursday, August 31st. Finally, BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $145.52.

The firm’s 50 day moving average price is $165.78 and its 200 day moving average price is $136.43. The company has a market capitalization of $101.63 billion, a price-to-earnings ratio of 48.71 and a beta of 1.25.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results 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. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. Equities research analysts predict that NVIDIA Corporation will post $3.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.

In related news, Director Robert K. Burgess sold 50,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $158.08, for a total transaction of $7,904,000.00. Following the completion of the transaction, the director now owns 14,350 shares of the company’s stock, valued at $2,268,448. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jen Hsun Huang sold 110,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 502,210 shares of company stock valued at $79,743,664. Corporate insiders own 5.82% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Intl Fcstone Inc. purchased a new position in shares of NVIDIA Corporation during the second quarter worth $254,000. Achmea Investment Management B.V. raised its holdings in shares of NVIDIA Corporation by 3.9% during the second quarter. Achmea Investment Management B.V. now owns 25,357 shares of the computer hardware maker’s stock worth $3,663,000 after purchasing an additional 941 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of NVIDIA Corporation during the second quarter worth $28,543,000. Sentry Investment Management LLC raised its holdings in shares of NVIDIA Corporation by 66.0% during the second quarter. Sentry Investment Management LLC now owns 46,589 shares of the computer hardware maker’s stock worth $6,735,000 after purchasing an additional 18,518 shares during the last quarter. Finally, Atlantic Trust LLC raised its holdings in shares of NVIDIA Corporation by 2,103.3% during the second quarter. Atlantic Trust LLC now owns 11,193 shares of the computer hardware maker’s stock worth $1,618,000 after purchasing an additional 10,685 shares during the last quarter. 65.85% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.dailypolitical.com/2017/09/15/traders-sell-nvidia-corporation-nvda-on-strength-nvda.html.

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.

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 MarketBeat.com's FREE daily email newsletter.