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.
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.
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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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