Investors bought shares of NVIDIA Corporation (NASDAQ:NVDA) on weakness during trading hours on Thursday following insider selling activity. $599.87 million flowed into the stock on the tick-up and $510.77 million flowed out of the stock on the tick-down, for a money net flow of $89.10 million into the stock. Of all stocks tracked, NVIDIA Corporation had the 2nd highest net in-flow for the day. NVIDIA Corporation traded down ($0.10) for the day and closed at $180.77Specifically, Director Tench Coxe sold 50,000 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the sale, the director now directly owns 16,507 shares in the company, valued at $2,809,326.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 496,478 shares of company stock worth $85,901,012. 5.82% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $200.00 price target on shares of NVIDIA Corporation in a research note on Thursday, September 21st. Vetr lowered shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $187.73 price target on the stock. in a research note on Wednesday. Loop Capital raised their price target on shares of NVIDIA Corporation from $181.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $205.00 price target (up from $175.00) on shares of NVIDIA Corporation in a research note on Monday, September 18th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $200.00 price target (up from $140.00) on shares of NVIDIA Corporation in a research note on Wednesday. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $155.31.

The company’s 50-day moving average price is $171.24 and its 200-day moving average price is $144.60. The firm has a market cap of $108.46 billion, a P/E ratio of 51.99 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business earned $0.53 earnings per share. NVIDIA Corporation’s revenue was up 56.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post $3.63 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Tuesday, August 22nd. NVIDIA Corporation’s payout ratio is currently 15.86%.

Large investors have recently added to or reduced their stakes in the stock. Cibc World Markets Corp boosted its stake in shares of NVIDIA Corporation by 12.1% during the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after purchasing an additional 13,802 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in shares of NVIDIA Corporation by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after purchasing an additional 1,000 shares in the last quarter. RB Capital Management LLC acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at about $272,000. Oppenheimer Asset Management Inc. boosted its stake in shares of NVIDIA Corporation by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after purchasing an additional 2,836 shares in the last quarter. Finally, D. Scott Neal Inc. acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at about $258,000. 65.79% of the stock is currently owned by institutional investors and hedge funds.

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NVIDIA Corporation Company Profile

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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