NVIDIA Corporation (NASDAQ:NVDA) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 17,796,113 shares, a growth of 29.3% from the November 15th total of 13,762,876 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily volume of 13,646,555 shares, the days-to-cover ratio is presently 1.3 days.

NVIDIA (NASDAQ NVDA) opened at $191.56 on Monday. NVIDIA has a 52-week low of $95.17 and a 52-week high of $218.67. The stock has a market capitalization of $116,085.36, a P/E ratio of 47.18, a PEG ratio of 4.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. research analysts expect that NVIDIA will post 4.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.31%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio is currently 14.89%.

In other news, insider Michael Byron sold 9,538 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $179.80, for a total value of $1,714,932.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 80,250 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $187.23, for a total value of $15,025,207.50. Following the completion of the transaction, the director now owns 37,382 shares of the company’s stock, valued at $6,999,031.86. The disclosure for this sale can be found here. Insiders sold a total of 265,346 shares of company stock valued at $49,978,812 over the last quarter. Company insiders own 5.82% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its position in shares of NVIDIA by 11.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,279,083 shares of the computer hardware maker’s stock worth $228,662,000 after acquiring an additional 132,924 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of NVIDIA by 17.0% in the 3rd quarter. TrimTabs Asset Management LLC now owns 2,227 shares of the computer hardware maker’s stock worth $398,000 after acquiring an additional 324 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of NVIDIA in the 3rd quarter worth approximately $235,000. Optimum Investment Advisors bought a new position in shares of NVIDIA in the 3rd quarter worth approximately $322,000. Finally, GSA Capital Partners LLP bought a new position in shares of NVIDIA in the 3rd quarter worth approximately $1,407,000. 63.51% of the stock is owned by hedge funds and other institutional investors.

NVDA has been the subject of a number of recent research reports. Raymond James Financial boosted their target price on NVIDIA and gave the company an “outperform” rating in a research note on Friday, November 10th. Bank of America set a $210.00 target price on NVIDIA and gave the company a “buy” rating in a research note on Thursday, October 12th. Canaccord Genuity reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Friday, September 8th. Royal Bank of Canada boosted their target price on NVIDIA from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, Mizuho reissued a “buy” rating and issued a $225.00 target price on shares of NVIDIA in a research note on Tuesday, November 28th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $187.38.

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NVIDIA 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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