Traders purchased shares of Nvidia (NASDAQ:NVDA) on weakness during trading hours on Monday. $619.44 million flowed into the stock on the tick-up and $526.21 million flowed out of the stock on the tick-down, for a money net flow of $93.23 million into the stock. Of all companies tracked, Nvidia had the 3rd highest net in-flow for the day. Nvidia traded down ($0.01) for the day and closed at $231.49
NVDA has been the subject of several research analyst reports. Vetr lowered shares of Nvidia from a “strong-buy” rating to a “buy” rating and set a $220.79 price target for the company. in a research note on Monday, December 18th. Goldman Sachs restated a “buy” rating and set a $228.00 price target on shares of Nvidia in a research note on Friday, January 5th. B. Riley restated a “buy” rating and set a $270.00 price target on shares of Nvidia in a research note on Monday, January 8th. BidaskClub upgraded shares of Nvidia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research lowered shares of Nvidia from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $217.16.
The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. The stock has a market cap of $140,528.95, a P/E ratio of 49.57, a price-to-earnings-growth ratio of 3.71 and a beta of 1.51.
Nvidia (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the firm posted $1.13 EPS. The firm’s revenue was up 34.0% compared to the same quarter last year. analysts forecast that Nvidia will post 6.09 EPS for the current year.
In other news, Director Persis Drell sold 5,141 shares of Nvidia stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total transaction of $1,134,772.93. Following the completion of the sale, the director now directly owns 20,963 shares of the company’s stock, valued at approximately $4,627,162.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Gaither sold 40,359 shares of Nvidia stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The disclosure for this sale can be found here. Insiders have sold a total of 94,959 shares of company stock valued at $22,692,182 over the last ninety days. 4.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in Nvidia in the third quarter worth $1,407,000. Steward Partners Investment Advisory LLC bought a new stake in Nvidia in the third quarter worth $235,000. Atlantic Trust Group LLC lifted its stake in Nvidia by 88.1% in the third quarter. Atlantic Trust Group LLC now owns 56,883 shares of the computer hardware maker’s stock worth $10,168,000 after purchasing an additional 26,641 shares during the last quarter. Prudential Financial Inc. lifted its stake in Nvidia by 0.5% in the third quarter. Prudential Financial Inc. now owns 820,787 shares of the computer hardware maker’s stock worth $146,732,000 after purchasing an additional 4,223 shares during the last quarter. Finally, DnB Asset Management AS lifted its stake in Nvidia by 8.3% in the fourth quarter. DnB Asset Management AS now owns 75,858 shares of the computer hardware maker’s stock worth $14,679,000 after purchasing an additional 5,800 shares during the last quarter. 66.70% of the stock is owned by institutional investors.
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Nvidia Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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