Traders Sell Shares of NVIDIA Corporation (NVDA) on Strength (NVDA)

Investors sold shares of NVIDIA Corporation (NASDAQ:NVDA) on strength during trading hours on Tuesday. $1,237.90 million flowed into the stock on the tick-up and $1,360.55 million flowed out of the stock on the tick-down, for a money net flow of $122.65 million out of the stock. Of all companies tracked, NVIDIA Corporation had the 3rd highest net out-flow for the day. NVIDIA Corporation traded up $3.54 for the day and closed at $188.93

Several brokerages have issued reports on NVDA. B. Riley reiterated a “buy” rating and set a $200.00 target price on shares of NVIDIA Corporation in a report on Sunday, August 13th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 target price on shares of NVIDIA Corporation in a report on Friday, August 11th. Instinet reiterated a “reduce” rating and set a $110.00 target price (up from $90.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Vetr cut shares of NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 target price on the stock. in a report on Tuesday, August 15th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $200.00 target price (up from $140.00) on shares of NVIDIA Corporation in a report on Wednesday, October 4th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. NVIDIA Corporation currently has an average rating of “Hold” and an average price target of $155.31.

The company has a market cap of $113.36 billion, a price-to-earnings ratio of 54.34 and a beta of 1.28. The company has a 50-day moving average of $173.78 and a 200-day moving average of $147.08.

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 analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Equities research analysts expect that NVIDIA Corporation will post $3.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is currently 15.86%.

In related news, insider Michael Byron sold 9,538 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $179.80, for a total transaction of $1,714,932.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jen Hsun Huang sold 110,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total value of $18,268,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 396,478 shares of company stock worth $70,872,012. Corporate insiders own 5.17% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Crow Point Partners LLC boosted its stake in shares of NVIDIA Corporation by 479.4% during the third quarter. Crow Point Partners LLC now owns 3,436 shares of the computer hardware maker’s stock valued at $604,000 after acquiring an additional 2,843 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in shares of NVIDIA Corporation by 29.9% during the third quarter. Eqis Capital Management Inc. now owns 7,132 shares of the computer hardware maker’s stock valued at $1,275,000 after acquiring an additional 1,642 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at $177,000. Frontier Investment Mgmt Co. acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at $4,003,000. Finally, Intl Fcstone Inc. acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at $254,000. 65.79% of the stock is currently owned by institutional investors

Several brokerages have issued reports on NVDA. B. Riley reiterated a “buy” rating and set a $200.00 target price on shares of NVIDIA Corporation in a report on Sunday, August 13th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 target price on shares of NVIDIA Corporation in a report on Friday, August 11th. Instinet reiterated a “reduce” rating and set a $110.00 target price (up from $90.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Vetr cut shares of NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 target price on the stock. in a report on Tuesday, August 15th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $200.00 target price (up from $140.00) on shares of NVIDIA Corporation in a report on Wednesday, October 4th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. NVIDIA Corporation currently has an average rating of “Hold” and an average price target of $155.31.

The company has a market cap of $113.36 billion, a price-to-earnings ratio of 54.34 and a beta of 1.28. The company has a 50-day moving average of $173.78 and a 200-day moving average of $147.08.

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 analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Equities research analysts expect that NVIDIA Corporation will post $3.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is currently 15.86%.

In related news, insider Michael Byron sold 9,538 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $179.80, for a total transaction of $1,714,932.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jen Hsun Huang sold 110,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total value of $18,268,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 396,478 shares of company stock worth $70,872,012. Corporate insiders own 5.17% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Crow Point Partners LLC boosted its stake in shares of NVIDIA Corporation by 479.4% during the third quarter. Crow Point Partners LLC now owns 3,436 shares of the computer hardware maker’s stock valued at $604,000 after acquiring an additional 2,843 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in shares of NVIDIA Corporation by 29.9% during the third quarter. Eqis Capital Management Inc. now owns 7,132 shares of the computer hardware maker’s stock valued at $1,275,000 after acquiring an additional 1,642 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at $177,000. Frontier Investment Mgmt Co. acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at $4,003,000. Finally, Intl Fcstone Inc. acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at $254,000. 65.79% of the stock is currently owned by institutional investors and hedge funds.

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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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