Traders Purchase High Volume of NVIDIA Corporation Call Options (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) was the recipient of unusually large options trading on Monday. Investors bought 140,074 call options on the company. This represents an increase of 224% compared to the typical volume of 43,173 call options.

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of NVIDIA Corporation in a research note on Thursday. Mizuho reiterated a “buy” rating on shares of NVIDIA Corporation in a research report on Monday. Vetr upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $186.34 target price for the company in a research report on Monday. Craig Hallum restated a “buy” rating and set a $200.00 target price on shares of NVIDIA Corporation in a research report on Saturday, September 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of NVIDIA Corporation in a report on Saturday, September 23rd. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. NVIDIA Corporation currently has a consensus rating of “Hold” and an average price target of $151.57.

In other NVIDIA Corporation news, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at approximately $23,291,390.99. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 486,940 shares of company stock valued at $84,186,080 over the last 90 days. Corporate insiders own 5.82% of the company’s stock.

Several large investors have recently bought and sold shares of NVDA. Janus Henderson Group PLC raised its stake in shares of NVIDIA Corporation by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after acquiring an additional 4,022,728 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of NVIDIA Corporation by 499.0% in the 1st quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after acquiring an additional 3,419,701 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after acquiring an additional 2,676,976 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of NVIDIA Corporation by 46.6% in the 1st quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after acquiring an additional 1,672,231 shares during the last quarter. Finally, Jackson Square Partners LLC purchased a new stake in NVIDIA Corporation during the second quarter worth $229,323,000. Institutional investors and hedge funds own 65.79% of the company’s stock.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 175.73 on Thursday. The company has a 50-day moving average price of $167.68 and a 200-day moving average price of $138.76. The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of 50.54 and a beta of 1.25. NVIDIA Corporation has a 12 month low of $63.53 and a 12 month high of $191.20.

NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 56.2% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Corporation will post $3.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were given a $0.14 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.32%. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.

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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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