Traders Buy NVIDIA (NVDA) on Weakness

Investors purchased shares of NVIDIA Co. (NASDAQ:NVDA) on weakness during trading hours on Monday. $1,121.36 million flowed into the stock on the tick-up and $1,089.80 million flowed out of the stock on the tick-down, for a money net flow of $31.56 million into the stock. Of all equities tracked, NVIDIA had the 20th highest net in-flow for the day. NVIDIA traded down ($2.66) for the day and closed at $243.84

Several equities research analysts have recently weighed in on NVDA shares. Needham & Company LLC increased their price objective on shares of NVIDIA to $300.00 in a research report on Friday, February 9th. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $203.56 price objective for the company in a research report on Wednesday, October 25th. Jefferies Group increased their price objective on shares of NVIDIA from $180.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. B. Riley increased their price objective on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, SunTrust Banks increased their price objective on shares of NVIDIA to $253.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. NVIDIA has an average rating of “Buy” and a consensus price target of $210.97.

The company has a market cap of $147,770.00, a P/E ratio of 50.48, a PEG ratio of 3.82 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. NVIDIA’s revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 earnings per share. research analysts forecast that NVIDIA Co. will post 6.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is 12.42%.

In other NVIDIA news, Director Mark L. Perry sold 17,307 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $227.93, for a total value of $3,944,784.51. Following the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at $7,011,582.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the transaction, the director now directly owns 28,816 shares in the company, valued at $6,177,862.24. The disclosure for this sale can be found here. Insiders sold 21,136 shares of company stock worth $4,750,260 over the last ninety days. Insiders own 5.17% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in shares of NVIDIA by 160.9% during the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after purchasing an additional 120,734 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in NVIDIA by 1.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock worth $148,307,000 after buying an additional 9,565 shares during the last quarter. KCS Wealth Advisory purchased a new stake in NVIDIA during the fourth quarter worth about $282,000. Schwab Charles Investment Management Inc. increased its holdings in NVIDIA by 3.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after buying an additional 71,458 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in NVIDIA by 45.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after buying an additional 8,605 shares during the last quarter. 61.46% of the stock is currently owned by institutional investors.

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About NVIDIA

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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