Traders Sell NVIDIA Corporation (NVDA) on Strength After Insider Selling

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.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2017/10/12/traders-sell-nvidia-corporation-nvda-on-strength-after-insider-selling.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.

What are top analysts saying about NVIDIA Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NVIDIA Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit