Traders Sell Shares of NVIDIA (NVDA) on Strength on Insider Selling
Traders sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading 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 equities 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 firm’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 in the company, valued at approximately $5,710,965.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. 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 90 days. Company insiders own 5.82% of the company’s stock.
A number of analysts recently commented on NVDA shares. Loop Capital reiterated a “buy” rating and issued a $181.00 target price on shares of NVIDIA in a research note on Tuesday, August 22nd. Citigroup reiterated a “buy” rating and issued a $210.00 target price (up from $185.00) on shares of NVIDIA in a research note on Friday, September 29th. BidaskClub cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Sanford C. Bernstein reiterated an “outperform” rating on shares of NVIDIA in a research note on Saturday, September 23rd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $200.00 target price (up from $181.00) on shares of NVIDIA in a research note on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target 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 $116,090.00, a price-to-earnings ratio of 45.86, a price-to-earnings-growth 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 for the quarter, beating the consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. equities analysts predict that NVIDIA Corporation will post 4.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.31%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, November 22nd. NVIDIA’s payout ratio is 15.00%.
Several large investors have recently bought and sold shares of NVDA. Parametric Portfolio Associates LLC increased its holdings in NVIDIA by 11.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,279,083 shares of the computer hardware maker’s stock worth $228,662,000 after acquiring an additional 132,924 shares in the last quarter. TrimTabs Asset Management LLC increased its holdings in NVIDIA by 17.0% in the 3rd quarter. TrimTabs Asset Management LLC now owns 2,227 shares of the computer hardware maker’s stock worth $398,000 after acquiring an additional 324 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in NVIDIA in the 3rd quarter worth $235,000. Optimum Investment Advisors purchased a new stake in NVIDIA in the 3rd quarter worth $322,000. Finally, GSA Capital Partners LLP purchased a new stake in NVIDIA in the 3rd quarter worth $1,407,000. 63.51% of the stock is 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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