Investors sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading hours on Friday. $656.86 million flowed into the stock on the tick-up and $733.06 million flowed out of the stock on the tick-down, for a money net flow of $76.20 million out of the stock. Of all companies tracked, NVIDIA Corporation had the 10th highest net out-flow for the day. NVIDIA Corporation traded up $0.03 for the day and closed at $161.50
NVDA has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “underperform” rating and issued a $85.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Mizuho reiterated a “buy” rating and issued a $180.00 price objective (up previously from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $140.00 price objective on shares of NVIDIA Corporation in a report on Wednesday. Bank of America Corporation reiterated a “buy” rating and issued a $185.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Finally, Roth Capital reiterated a “neutral” rating on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $145.00.
The company has a 50 day moving average of $161.14 and a 200 day moving average of $128.99. The company has a market cap of $96.42 billion, a PE ratio of 46.45 and a beta of 1.24.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s revenue was up 56.2% compared to the same quarter last year. Equities research analysts predict that NVIDIA Corporation will post $3.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.35%. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.
In other NVIDIA Corporation news, EVP Ajay K. Puri sold 81,931 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $139.90, for a total transaction of $11,462,146.90. Following the transaction, the executive vice president now directly owns 564,696 shares in the company, valued at approximately $79,000,970.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $164.53, for a total transaction of $8,226,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 560,556 shares of company stock worth $85,649,706 over the last quarter. 5.82% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Evercore Wealth Management LLC boosted its stake in shares of NVIDIA Corporation 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 buying an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of NVIDIA Corporation during the second quarter worth $116,000. Thompson Davis & CO. Inc. boosted its stake in shares of NVIDIA Corporation 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 buying an additional 6 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares during the period. Finally, Hanson McClain Inc. boosted its stake in shares of NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after buying an additional 99 shares during the period. 68.55% of the stock is currently owned by institutional investors.
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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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