Traders sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading hours on Thursday following insider selling activity. $682.70 million flowed into the stock on the tick-up and $721.09 million flowed out of the stock on the tick-down, for a money net flow of $38.39 million out of the stock. Of all equities tracked, NVIDIA Corporation had the 17th highest net out-flow for the day. NVIDIA Corporation traded up $0.09 for the day and closed at $191.03Specifically, CFO Colette Kress sold 22,808 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the transaction, the director now directly owns 16,507 shares in the company, valued at $2,809,326.33. The disclosure for this sale can be found here. Insiders sold 452,784 shares of company stock worth $81,437,724 over the last three months. Corporate insiders own 5.82% of the company’s stock.
A number of research analysts have weighed in on NVDA shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $171.00 price target (up from $165.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 14th. Vetr cut shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a research report on Thursday, August 31st. Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a research report on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday, August 31st. Finally, BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. NVIDIA Corporation currently has a consensus rating of “Hold” and an average target price of $157.88.
The company has a market cap of $114.62 billion, a PE ratio of 54.94 and a beta of 1.28. The stock has a 50 day moving average of $175.31 and a 200-day moving average of $147.71.
NVIDIA Corporation (NASDAQ:NVDA) last issued its 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. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business earned $0.53 earnings per share. The company’s revenue was up 56.2% compared to the same quarter last year. Analysts expect that NVIDIA Corporation will post $3.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 15.86%.
A number of institutional investors and hedge funds have recently modified their holdings of NVDA. Janus Henderson Group PLC boosted its holdings in NVIDIA Corporation by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after buying an additional 4,022,728 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of NVIDIA Corporation by 499.0% during the 1st quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after purchasing an additional 3,419,701 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after purchasing an additional 2,676,976 shares in the last quarter. Jackson Square Partners LLC bought a new position in shares of NVIDIA Corporation during the 2nd quarter valued at about $229,323,000. Finally, Winslow Capital Management LLC bought a new position in shares of NVIDIA Corporation during the 1st quarter valued at about $126,231,000. Hedge funds and other institutional investors own 65.79% of the company’s stock.
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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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