Traders purchased shares of NVIDIA Co. (NASDAQ:NVDA) on weakness during trading hours on Monday. $1,121.36 million flowed into the stock on the tick-up and $1,089.80 million flowed out of the stock on the tick-down, for a money net flow of $31.56 million into the stock. Of all equities tracked, NVIDIA had the 20th highest net in-flow for the day. NVIDIA traded down ($2.66) for the day and closed at $243.84
Several equities research analysts have recently commented on NVDA shares. Oppenheimer reissued a “hold” rating on shares of NVIDIA in a research note on Sunday, November 5th. Bank of America restated a “buy” rating and issued a $275.00 price target (up from $251.00) on shares of NVIDIA in a research report on Friday, January 19th. B. Riley restated a “buy” rating and issued a $270.00 price target on shares of NVIDIA in a research report on Monday, January 8th. Jefferies Group raised their price target on NVIDIA from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Finally, Barclays raised their price target on NVIDIA from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $210.97.
The stock has a market capitalization of $150,940.00, a price-to-earnings ratio of 51.57, a P/E/G ratio of 3.82 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. NVIDIA’s dividend payout ratio (DPR) is 12.42%.
In other news, CFO Colette Kress sold 171 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James C. Gaither sold 40,359 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,443 shares of company stock worth $14,010,937. Corporate insiders own 5.17% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Welch Investments LLC acquired a new stake in shares of NVIDIA in the third quarter valued at about $104,000. Country Trust Bank increased its position in shares of NVIDIA by 490.0% in the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $116,000. Clearbridge Investments LLC increased its position in shares of NVIDIA by 100.0% in the fourth quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock valued at $116,000 after acquiring an additional 300 shares during the last quarter. Finally, North Star Investment Management Corp. increased its position in shares of NVIDIA by 67.3% in the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares during the last quarter. Institutional investors own 61.46% of the company’s stock.
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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