Traders sold shares of NVIDIA Co. (NASDAQ:NVDA) on strength during trading hours on Wednesday. $1,293.33 million flowed into the stock on the tick-up and $1,336.11 million flowed out of the stock on the tick-down, for a money net flow of $42.78 million out of the stock. Of all companies tracked, NVIDIA had the 0th highest net out-flow for the day. NVIDIA traded up $3.22 for the day and closed at $228.80

Several equities research analysts have recently issued reports on NVDA shares. Goldman Sachs Group raised their price objective on NVIDIA from $193.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Royal Bank of Canada raised their price objective on NVIDIA from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Bank of America set a $210.00 price objective on NVIDIA and gave the company a “buy” rating in a research note on Thursday, October 12th. Needham & Company LLC raised their price objective on NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Mizuho reaffirmed a “positive” rating and issued a $220.00 price objective (up from $180.00) on shares of NVIDIA in a research note on Monday, October 16th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $197.84.

The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The company has a market capitalization of $136,701.48, a PE ratio of 56.77, a price-to-earnings-growth ratio of 4.70 and a beta of 1.43.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. NVIDIA’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. research analysts anticipate that NVIDIA Co. will post 4.2 EPS for the current fiscal year.

In other NVIDIA news, Director Dawn E. Hudson sold 15,000 shares of NVIDIA stock in a transaction on Monday, November 13th. The stock was sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the completion of the sale, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of NVIDIA 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 sale, the director now directly owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,858 shares of company stock valued at $4,227,384. 5.82% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. New Mexico Educational Retirement Board raised its position in NVIDIA by 5.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 57,682 shares of the computer hardware maker’s stock valued at $11,161,000 after purchasing an additional 3,100 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in shares of NVIDIA by 71.3% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock valued at $199,046,000 after acquiring an additional 428,046 shares during the period. Penserra Capital Management LLC increased its holdings in shares of NVIDIA by 150.3% in the 4th quarter. Penserra Capital Management LLC now owns 44,219 shares of the computer hardware maker’s stock valued at $8,555,000 after acquiring an additional 26,555 shares during the period. IPG Investment Advisors LLC increased its holdings in shares of NVIDIA by 52.6% in the 4th quarter. IPG Investment Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $561,000 after acquiring an additional 1,000 shares during the period. Finally, Heritage Investors Management Corp purchased a new position in shares of NVIDIA in the 4th quarter valued at $283,000. 62.84% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/02/08/investors-sell-nvidia-nvda-on-strength-nvda.html.

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.

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.