NVIDIA Corporation (NVDA) Sees Significant Decrease in Short Interest

NVIDIA Corporation (NASDAQ:NVDA) saw a significant drop in short interest in the month of September. As of September 29th, there was short interest totalling 14,755,916 shares, a drop of 17.5% from the September 15th total of 17,880,570 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily volume of 21,567,790 shares, the short-interest ratio is presently 0.7 days.

Several equities research analysts have weighed in on NVDA shares. Mizuho reiterated a “buy” rating and issued a $180.00 target price (up 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 target price on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Bank of America Corporation reiterated a “buy” rating and issued a $185.00 target price on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Vetr lowered shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a report on Thursday, August 31st. Finally, Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a report on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation has an average rating of “Hold” and an average price target of $159.23.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 194.59 on Monday. The company has a market capitalization of $116.75 billion, a price-to-earnings ratio of 55.96 and a beta of 1.28. NVIDIA Corporation has a one year low of $65.52 and a one year high of $195.00. The company’s 50 day moving average is $176.52 and its 200 day moving average is $148.92.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share 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 the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. NVIDIA Corporation’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Equities research analysts predict that NVIDIA Corporation will post $3.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.

In other NVIDIA Corporation news, CFO Colette Kress sold 22,808 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the completion of the sale, the director now owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 452,784 shares of company stock worth $81,437,724. Company insiders own 5.82% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Evercore Wealth Management LLC grew its position in NVIDIA Corporation by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation during the second quarter valued at approximately $116,000. Proficio Capital Partners LLC grew its position in NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after acquiring an additional 547 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the last quarter. Finally, Hanson McClain Inc. grew its position in NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acqu

Several equities research analysts have weighed in on NVDA shares. Mizuho reiterated a “buy” rating and issued a $180.00 target price (up 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 target price on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Bank of America Corporation reiterated a “buy” rating and issued a $185.00 target price on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Vetr lowered shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a report on Thursday, August 31st. Finally, Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a report on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation has an average rating of “Hold” and an average price target of $159.23.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 194.59 on Monday. The company has a market capitalization of $116.75 billion, a price-to-earnings ratio of 55.96 and a beta of 1.28. NVIDIA Corporation has a one year low of $65.52 and a one year high of $195.00. The company’s 50 day moving average is $176.52 and its 200 day moving average is $148.92.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share 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 the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. NVIDIA Corporation’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Equities research analysts predict that NVIDIA Corporation will post $3.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.

In other NVIDIA Corporation news, CFO Colette Kress sold 22,808 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the completion of the sale, the director now owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 452,784 shares of company stock worth $81,437,724. Company insiders own 5.82% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Evercore Wealth Management LLC grew its position in NVIDIA Corporation by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation during the second quarter valued at approximately $116,000. Proficio Capital Partners LLC grew its position in NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after acquiring an additional 547 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the last quarter. Finally, Hanson McClain Inc. grew its position in NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the last quarter. 65.79% of the stock is currently owned by institutional investors and hedge funds.

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About NVIDIA Corporation

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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