Investors Buy Shares of NVIDIA (NVDA) on Weakness
Investors bought shares of NVIDIA Co. (NASDAQ:NVDA) on weakness during trading on Monday. $1,945.43 million flowed into the stock on the tick-up and $1,799.84 million flowed out of the stock on the tick-down, for a money net flow of $145.59 million into the stock. Of all equities tracked, NVIDIA had the highest net in-flow for the day. NVIDIA traded down ($4.05) for the day and closed at $228.03
NVDA has been the subject of a number of recent research reports. Vetr upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating and set a $246.84 target price for the company in a research report on Monday. Nomura increased their target price on shares of NVIDIA to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. BMO Capital Markets increased their target price on shares of NVIDIA from $200.00 to $225.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. B. Riley increased their target price on shares of NVIDIA from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Morgan Stanley increased their target price on shares of NVIDIA from $222.00 to $258.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and an average price target of $210.67.
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 firm has a market cap of $141,450.00, a P/E ratio of 48.77, a P/E/G ratio of 3.71 and a beta of 1.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s payout ratio is 12.42%.
In related news, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the sale, the director now owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now directly owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. In the last three months, insiders sold 22,165 shares of company stock valued at $4,970,569. Insiders own 5.17% of the company’s stock.
Large investors have recently modified their holdings of the stock. Welch Investments LLC acquired a new stake in NVIDIA in the third quarter valued at approximately $104,000. Country Trust Bank raised its holdings in NVIDIA by 490.0% in the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $116,000. North Star Investment Management Corp. raised its holdings in NVIDIA by 67.3% during the fourth 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 in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $148,000. 62.70% of the stock is currently owned by hedge funds and other institutional investors.
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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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