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

Investors sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading hours on Tuesday. $1,237.90 million flowed into the stock on the tick-up and $1,360.55 million flowed out of the stock on the tick-down, for a money net flow of $122.65 million out of the stock. Of all companies tracked, NVIDIA Corporation had the 0th highest net out-flow for the day. NVIDIA Corporation traded up $3.54 for the day and closed at $188.93

Several equities research analysts have recently commented on NVDA shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $171.00 price target (up previously from $165.00) on shares of NVIDIA Corporation in a report on Wednesday, June 14th. Vetr lowered shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price target for the company. in a report on Thursday, August 31st. Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target for the company in a report on Tuesday, July 11th. Credit Suisse Group restated an “outperform” rating on shares of NVIDIA Corporation in a report on Thursday, August 31st. Finally, BidaskClub upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $156.80.

The stock has a 50 day moving average price of $174.59 and a 200-day moving average price of $147.40. The firm has a market capitalization of $114.56 billion, a price-to-earnings ratio of 54.92 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities research analysts forecast that NVIDIA Corporation will post $3.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 15.86%.

In other news, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the completion of the transaction, the director now owns 16,507 shares of the company’s stock, valued at approximately $2,809,326.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Debora Shoquist sold 33,498 shares of NVIDIA Corporation stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total value of $6,339,161.52. The disclosure for this sale can be found here. Insiders have sold a total of 452,784 shares of company stock valued at $81,437,724 in the last ninety days. Corporate insiders own 5.82% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Cibc World Markets Corp raised its stake in shares of NVIDIA Corporation by 12.1% during the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after buying an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its stake in shares of NVIDIA Corporation by 9.9% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after buying an additional 1,000 shares during the last quarter. RB Capital Management LLC acquired a new position in shares of NVIDIA Corporation during the 2nd quarter worth $272,000. Oppenheimer Asset Management Inc. raised its stake in shares of NVIDIA Corporation by 17.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after buying an additional 2,836 shares during the last quarter. Finally, D. Scott Neal Inc. acquired a new position in shares of NVIDIA Corporation during the 2nd quarter worth $258,000. 65.79% of the stock is owned by institutional investors and hedge funds.

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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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