Investors Sell Shares of NVIDIA (NVDA) on Strength (NVDA)

Investors sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading on Tuesday. $431.86 million flowed into the stock on the tick-up and $576.83 million flowed out of the stock on the tick-down, for a money net flow of $144.97 million out of the stock. Of all companies tracked, NVIDIA had the highest net out-flow for the day. NVIDIA traded up $2.17 for the day and closed at $197.44

Several analysts recently weighed in on NVDA shares. Raymond James Financial lifted their price objective on shares of NVIDIA and gave the company an “outperform” rating in a research report on Friday, November 10th. Bank of America set a $210.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a research note on Thursday, October 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Friday, September 8th. Royal Bank of Canada lifted their price objective on shares of NVIDIA from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, Mizuho reaffirmed a “buy” rating and issued a $225.00 price objective on shares of NVIDIA in a research note on Tuesday, November 28th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $187.44.

The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The firm has a market cap of $118,333.63, a PE ratio of 48.99, a price-to-earnings-growth ratio of 4.55 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business earned $0.94 earnings per share. NVIDIA’s revenue was up 31.5% on a year-over-year basis. equities analysts expect that NVIDIA Corporation will post 4.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio (DPR) is presently 14.89%.

In related news, insider Michael Byron sold 9,538 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $179.80, for a total value of $1,714,932.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Persis Drell sold 606 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now directly owns 26,104 shares in the company, valued at $5,144,315.28. The disclosure for this sale can be found here. Insiders sold 85,702 shares of company stock worth $16,508,028 in the last 90 days. 5.17% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in NVDA. Welch Investments LLC acquired a new position in shares of NVIDIA in the third quarter worth approximately $104,000. Evercore Wealth Management LLC lifted its stake in shares of NVIDIA by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares during the period. Thompson Davis & CO. Inc. lifted its stake in shares of NVIDIA by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the period. Edge Advisors LLC lifted its stake in shares of NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after acquiring an additional 415 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of NVIDIA by 11.5% in the second quarter. Quadrant Capital Group LLC now owns 1,176 shares of the computer hardware maker’s stock worth $153,000 after acquiring an additional 121 shares during the period. 63.41% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Investors Sell Shares of NVIDIA (NVDA) on Strength (NVDA)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/26/investors-sell-shares-of-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.

What are top analysts saying about NVIDIA? - 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 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