Traders sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading on Friday. $577.21 million flowed into the stock on the tick-up and $638.46 million flowed out of the stock on the tick-down, for a money net flow of $61.25 million out of the stock. Of all stocks tracked, NVIDIA Corporation had the 9th highest net out-flow for the day. NVIDIA Corporation traded up $2.65 for the day and closed at $164.39
Several analysts have recently weighed in on the company. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.19 target price for the company in a report on Thursday, May 4th. Stifel Nicolaus boosted their target price on NVIDIA Corporation from $90.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Rosenblatt Securities reissued a “buy” rating and issued a $140.00 target price on shares of NVIDIA Corporation in a report on Friday, May 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA Corporation in a report on Thursday, July 13th. Finally, Zacks Investment Research raised NVIDIA Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $134.48.
The firm has a 50-day moving average of $155.89 and a 200 day moving average of $122.68. The stock has a market cap of $97.81 billion, a price-to-earnings ratio of 55.18 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company posted $0.46 EPS. NVIDIA Corporation’s revenue was up 48.7% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.
In other news, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $129.48, for a total transaction of $6,474,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the transaction, the director now owns 30,762 shares in the company, valued at $4,623,220.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 622,282 shares of company stock worth $93,304,082. 5.82% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Koshinski Asset Management Inc. boosted its position in NVIDIA Corporation by 88.0% in the first quarter. Koshinski Asset Management Inc. now owns 6,830 shares of the computer hardware maker’s stock valued at $744,000 after buying an additional 3,197 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in NVIDIA Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 168,325 shares of the computer hardware maker’s stock valued at $18,335,000 after buying an additional 2,150 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in NVIDIA Corporation by 4.8% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 130,796 shares of the computer hardware maker’s stock valued at $14,248,000 after buying an additional 6,036 shares in the last quarter. Raymond James Trust N.A. boosted its position in NVIDIA Corporation by 20.3% in the first quarter. Raymond James Trust N.A. now owns 12,806 shares of the computer hardware maker’s stock valued at $1,395,000 after buying an additional 2,160 shares in the last quarter. Finally, Catawba Capital Management VA bought a new position in NVIDIA Corporation during the first quarter valued at approximately $218,000. Institutional investors and hedge funds own 68.84% 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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