Investors Buy Shares of NVIDIA (NVDA) on Weakness

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.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.thelincolnianonline.com/2018/02/19/investors-buy-shares-of-nvidia-nvda-on-weakness.html.

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.

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply