Investors bought shares of Nvidia Corp. (NASDAQ:NVDA) on weakness during trading hours on Friday following insider selling activity. $108.75 million flowed into the stock on the tick-up and $76.51 million flowed out of the stock on the tick-down, for a money net flow of $32.24 million into the stock. Of all stocks tracked, Nvidia Corp. had the 27th highest net in-flow for the day. Nvidia Corp. traded down ($0.49) for the day and closed at $66.85Specifically, Director Mark L. Perry sold 35,000 shares of Nvidia Corp. stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $52.93, for a total transaction of $1,852,550.00. Following the completion of the sale, the director now directly owns 97,292 shares in the company, valued at $5,149,665.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 85,551 shares of Nvidia Corp. stock in a transaction on Friday, September 30th. The stock was sold at an average price of $68.75, for a total transaction of $5,881,631.25. The disclosure for this sale can be found here. Insiders own 5.82% of the company’s stock.
Several equities research analysts have recently commented on the stock. Bank of America Corp. reiterated a “buy” rating and set a $80.00 price objective on shares of Nvidia Corp. in a research note on Monday, October 3rd. Wells Fargo & Co. reiterated an “underperform” rating on shares of Nvidia Corp. in a research note on Friday, September 30th. Vetr downgraded shares of Nvidia Corp. from a “buy” rating to a “hold” rating and set a $69.67 price objective for the company. in a research note on Thursday, September 29th. Susquehanna began coverage on shares of Nvidia Corp. in a report on Tuesday, September 20th. They set a “neutral” rating and a $66.00 target price for the company. Finally, SunTrust Banks Inc. began coverage on shares of Nvidia Corp. in a report on Monday, September 19th. They set a “neutral” rating and a $59.00 target price for the company. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nineteen have issued a buy rating to the stock. Nvidia Corp. presently has a consensus rating of “Hold” and a consensus price target of $58.60.
The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 43.92 and a beta of 1.25. The stock’s 50-day moving average is $63.78 and its 200 day moving average is $50.03.
Nvidia Corp. (NASDAQ:NVDA) last released its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.16. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. On average, equities analysts expect that Nvidia Corp. will post $1.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 25th were paid a dividend of $0.115 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $0.46 annualized dividend and a yield of 0.69%. Nvidia Corp.’s payout ratio is 30.26%.
A number of hedge funds have recently added to or reduced their stakes in the stock. West Oak Capital LLC raised its stake in Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock valued at $107,000 after buying an additional 1,010 shares during the last quarter. Brick & Kyle Associates raised its stake in Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock valued at $118,000 after buying an additional 502 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in Nvidia Corp. by 72.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 3,365 shares of the computer hardware maker’s stock valued at $159,000 after buying an additional 1,415 shares during the last quarter. Aviance Capital Management LLC acquired a new stake in Nvidia Corp. during the second quarter valued at $200,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Nvidia Corp. during the second quarter valued at $201,000. Hedge funds and other institutional investors own 86.37% of the company’s stock.
About Nvidia Corp.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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