Investors bought shares of NVIDIA Corporation (NASDAQ:NVDA) on weakness during trading hours on Monday following insider selling activity. $1,213.06 million flowed into the stock on the tick-up and $1,193.56 million flowed out of the stock on the tick-down, for a money net flow of $19.50 million into the stock. Of all stocks tracked, NVIDIA Corporation had the 31st highest net in-flow for the day. NVIDIA Corporation traded down ($1.68) for the day and closed at $152.15Specifically, Director Harvey C. Jones sold 145,520 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the completion of the transaction, the director now directly owns 30,762 shares in the company, valued at $4,900,694.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $129.48, for a total value of $6,474,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 622,282 shares of company stock worth $93,304,082. 5.82% of the stock is currently owned by corporate insiders.

NVDA has been the subject of several recent analyst reports. BMO Capital Markets restated an “underperform” rating and set a $85.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Bank of America Corporation restated a “buy” rating and set a $185.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, June 21st. Roth Capital restated a “neutral” rating on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Zacks Investment Research upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price for the company in a research report on Tuesday, July 11th. Finally, Citigroup Inc. restated a “buy” rating and set a $145.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $133.80.

The firm has a 50 day moving average of $145.38 and a 200-day moving average of $115.28. The company has a market cap of $98.15 billion, a P/E ratio of 55.37 and a beta of 1.23. NVIDIA Corporation also saw unusually large options trading activity on Thursday. Stock investors bought 87,386 put options on the company. This is an increase of approximately 102% compared to the average daily volume of 43,185 put options.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. NVIDIA Corporation’s revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Analysts forecast that NVIDIA Corporation will post $3.09 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the company. Raymond James Trust N.A. increased its position in shares of NVIDIA Corporation by 20.3% in the first quarter. Raymond James Trust N.A. now owns 12,806 shares of the computer hardware maker’s stock worth $1,395,000 after buying an additional 2,160 shares during the last quarter. Catawba Capital Management VA acquired a new position in shares of NVIDIA Corporation during the first quarter worth about $218,000. Fulton Bank N.A. acquired a new position in shares of NVIDIA Corporation during the first quarter worth about $326,000. CENTRAL TRUST Co increased its position in shares of NVIDIA Corporation by 6.3% in the first quarter. CENTRAL TRUST Co now owns 7,056 shares of the computer hardware maker’s stock worth $769,000 after buying an additional 416 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC acquired a new position in shares of NVIDIA Corporation during the first quarter worth about $39,192,000. 70.08% of the stock is owned by institutional investors.

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About NVIDIA Corporation

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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