Traders Sell Nvidia (NVDA) on Strength (NVDA)

Traders sold shares of Nvidia (NASDAQ:NVDA) on strength during trading on Tuesday. $653.47 million flowed into the stock on the tick-up and $737.26 million flowed out of the stock on the tick-down, for a money net flow of $83.79 million out of the stock. Of all stocks tracked, Nvidia had the 0th highest net out-flow for the day. Nvidia traded up $6.05 for the day and closed at $237.54

Several equities research analysts have recently commented on the company. BidaskClub upgraded Nvidia from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Susquehanna Bancshares restated a “neutral” rating and set a $200.00 price objective (up previously from $185.00) on shares of Nvidia in a report on Thursday, February 8th. Stifel Nicolaus upped their price target on Nvidia from $184.00 to $220.00 and gave the stock a “hold” rating in a report on Friday, February 9th. They noted that the move was a valuation call. Deutsche Bank upped their price target on Nvidia from $205.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded Nvidia from a “hold” rating to a “buy” rating and set a $262.00 price target for the company in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Nvidia presently has a consensus rating of “Buy” and a consensus target price of $217.16.

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The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. The stock has a market cap of $144,195.45, a P/E ratio of 50.61, a price-to-earnings-growth ratio of 3.80 and a beta of 1.51.

Nvidia (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. Nvidia had a return on equity of 45.02% and a net margin of 31.36%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. analysts predict that Nvidia will post 6.09 earnings per share for the current year.

In other news, Director Mark L. Perry sold 17,307 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the transaction, the director now owns 30,762 shares of the company’s stock, valued at approximately $7,011,582.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Debora Shoquist sold 32,049 shares of the company’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $239.45, for a total value of $7,674,133.05. Following the transaction, the executive vice president now directly owns 201,796 shares in the company, valued at approximately $48,320,052.20. The disclosure for this sale can be found here. Insiders have sold a total of 94,959 shares of company stock worth $22,692,182 in the last ninety days. Insiders own 4.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. KCS Wealth Advisory purchased a new stake in Nvidia during the 4th quarter worth about $282,000. Stansberry Asset Management LLC purchased a new stake in Nvidia during the 4th quarter worth about $2,171,000. Twin Capital Management Inc. lifted its holdings in Nvidia by 3.3% during the 4th quarter. Twin Capital Management Inc. now owns 97,530 shares of the computer hardware maker’s stock worth $18,872,000 after purchasing an additional 3,110 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Nvidia by 14.6% during the 4th quarter. Toronto Dominion Bank now owns 260,784 shares of the computer hardware maker’s stock worth $50,461,000 after purchasing an additional 33,300 shares in the last quarter. Finally, Ascension Asset Management LLC purchased a new stake in Nvidia during the 4th quarter worth about $805,000. 66.70% of the stock is currently owned by hedge funds and other institutional investors.

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Nvidia Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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