Investors Buy NVIDIA (NVDA) on Weakness

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.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 earnings per share. analysts forecast that NVIDIA Co. will post 6.22 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION NOTICE: “Investors Buy NVIDIA (NVDA) on Weakness” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2018/02/21/investors-buy-nvidia-nvda-on-weakness-2.html.

About NVIDIA

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.

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply