Traders sold shares of NVIDIA Co. (NASDAQ:NVDA) on strength during trading hours on Thursday following insider selling activity. $665.91 million flowed into the stock on the tick-up and $731.97 million flowed out of the stock on the tick-down, for a money net flow of $66.06 million out of the stock. Of all stocks tracked, NVIDIA had the 0th highest net out-flow for the day. NVIDIA traded up $0.15 for the day and closed at $247.69Specifically, EVP Ajay K. Puri sold 38,676 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total value of $9,876,303.36. Following the sale, the executive vice president now owns 508,962 shares in the company, valued at approximately $129,968,536.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Persis Drell sold 5,141 shares of the business’s stock in a transaction on Wednesday, March 28th. The stock was 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 owns 20,963 shares in the company, valued at approximately $4,627,162.99. The disclosure for this sale can be found here. Insiders sold a total of 91,100 shares of company stock valued at $22,416,103 in the last ninety days. 4.70% of the stock is currently owned by insiders.
Several analysts have commented on the stock. SunTrust Banks boosted their price target on shares of NVIDIA to $316.00 and gave the stock a “buy” rating in a research note on Friday, May 11th. Bank of America reiterated a “buy” rating and issued a $340.00 price target on shares of NVIDIA in a research note on Friday, May 11th. Stifel Nicolaus boosted their price target on shares of NVIDIA from $220.00 to $243.00 and gave the stock a “hold” rating in a research note on Friday, May 11th. B. Riley boosted their price target on shares of NVIDIA from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, May 11th. Finally, Rosenblatt Securities boosted their price target on shares of NVIDIA from $300.00 to $315.00 in a research note on Friday, May 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $260.06.
Get NVIDIA alerts:The firm has a market cap of $150.26 billion, a P/E ratio of 53.38, a PEG ratio of 3.41 and a beta of 1.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 7.82 and a current ratio of 8.54.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 EPS for the quarter, beating the consensus estimate of $1.47 by $0.58. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $2.88 billion. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. The firm’s revenue was up 65.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. equities analysts expect that NVIDIA Co. will post 7.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $0.60 annualized dividend and a yield of 0.24%. NVIDIA’s payout ratio is 12.85%.
A number of hedge funds have recently modified their holdings of the business. Raymond James Trust N.A. grew its stake in NVIDIA by 1.7% in the 4th quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock worth $2,457,000 after acquiring an additional 217 shares in the last quarter. Bbva Compass Bancshares Inc. grew its stake in NVIDIA by 12.3% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 1,995 shares of the computer hardware maker’s stock worth $462,000 after acquiring an additional 219 shares in the last quarter. Spectrum Management Group Inc. grew its stake in NVIDIA by 10.3% in the 4th quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock worth $457,000 after acquiring an additional 220 shares in the last quarter. Commerce Bank grew its stake in NVIDIA by 2.3% in the 1st quarter. Commerce Bank now owns 9,934 shares of the computer hardware maker’s stock worth $2,301,000 after acquiring an additional 220 shares in the last quarter. Finally, Elite Wealth Management Inc. grew its stake in NVIDIA by 2.0% in the 1st quarter. Elite Wealth Management Inc. now owns 11,571 shares of the computer hardware maker’s stock worth $2,680,000 after acquiring an additional 228 shares in the last quarter. Institutional investors and hedge funds own 65.00% of the company’s stock.
About NVIDIA
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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