Investors Sell NVIDIA (NVDA) on Strength (NVDA)
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.
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.
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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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