Traders sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading on Monday. $1,503.78 million flowed into the stock on the tick-up and $1,528.44 million flowed out of the stock on the tick-down, for a money net flow of $24.66 million out of the stock. Of all equities tracked, NVIDIA Corporation had the 22nd highest net out-flow for the day. NVIDIA Corporation traded up $12.44 for the day and closed at $168.40
NVDA has been the subject of several analyst reports. Vetr upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 target price for the company in a research report on Monday, June 12th. Zacks Investment Research upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price for the company in a research report on Tuesday, July 11th. Canaccord Genuity restated a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, June 3rd. Mizuho restated a “buy” rating and set a $170.00 target price (up from $145.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $145.98.
The stock has a market cap of $100.53 billion, a PE ratio of 48.43 and a beta of 1.24. The company’s 50-day moving average price is $159.91 and its 200 day moving average price is $128.10.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.99% and a net margin of 27.41%. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts predict that NVIDIA Corporation will post $3.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 15.86%.
In other news, Director A Brooke Seawell sold 3,107 shares of NVIDIA Corporation stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total value of $434,980.00. Following the completion of the transaction, the director now directly owns 5,165 shares in the company, valued at $723,100. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Persis Drell sold 2,500 shares of NVIDIA Corporation stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the transaction, the director now owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 572,282 shares of company stock valued at $86,830,082. 5.17% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Boston Advisors LLC boosted its position in NVIDIA Corporation by 48.8% in the first quarter. Boston Advisors LLC now owns 6,128 shares of the computer hardware maker’s stock valued at $668,000 after buying an additional 2,010 shares during the last quarter. DnB Asset Management AS boosted its position in NVIDIA Corporation by 7.4% in the first quarter. DnB Asset Management AS now owns 55,328 shares of the computer hardware maker’s stock valued at $6,027,000 after buying an additional 3,800 shares during the last quarter. Private Wealth Partners LLC boosted its position in NVIDIA Corporation by 604.8% in the first quarter. Private Wealth Partners LLC now owns 41,898 shares of the computer hardware maker’s stock valued at $4,564,000 after buying an additional 35,953 shares during the last quarter. Telemus Capital LLC acquired a new position in NVIDIA Corporation during the first quarter valued at approximately $654,000. Finally, Harvey Capital Management Inc. acquired a new position in NVIDIA Corporation during the first quarter valued at approximately $217,000. Institutional investors own 68.55% of the company’s stock.
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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