Investors bought 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 stocks 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
NVDA has been the topic of a number of recent analyst reports. Vetr cut shares of NVIDIA from a “hold” rating to a “sell” rating and set a $234.76 price target on the stock. in a research report on Monday, January 29th. Zacks Investment Research cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 15th. Mizuho reissued a “buy” rating and set a $225.00 price target on shares of NVIDIA in a research report on Tuesday, November 28th. B. Riley lifted their price target 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, Oppenheimer reissued a “hold” rating on shares of NVIDIA in a research report on Sunday, November 5th. Four 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 given a strong buy rating to the company. NVIDIA presently has an average rating of “Buy” and a consensus price target of $210.97.
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 $147,770.00, a P/E ratio of 50.48, a PEG ratio of 3.82 and a beta of 1.43.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business earned $1.13 EPS. The company’s revenue was up 34.0% compared to the same quarter last year. equities analysts expect that NVIDIA Co. will post 6.22 earnings per share for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.25%. NVIDIA’s payout ratio is currently 12.42%.
In other NVIDIA news, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dawn E. Hudson sold 3,052 shares of NVIDIA 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 sale, the director now owns 28,816 shares in the company, valued at $6,177,862.24. The disclosure for this sale can be found here. Insiders sold a total of 21,136 shares of company stock worth $4,750,260 over the last quarter. Company insiders own 5.17% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Welch Investments LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth about $104,000. Country Trust Bank increased its stake in shares of NVIDIA by 490.0% during the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after purchasing an additional 490 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $116,000. Clearbridge Investments LLC increased its stake in shares of NVIDIA by 100.0% during the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after purchasing an additional 300 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of NVIDIA by 67.3% during the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 61.46% of the company’s stock.
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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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