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NVIDIA Co. (NASDAQ:NVDA) was the target of some unusual options trading on Monday. Stock investors acquired 104,280 put options on the company. This is an increase of 270% compared to the typical volume of 28,214 put options.
In related news, Director A Brooke Seawell sold 32,820 shares of the business’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $109.00, for a total transaction of $3,577,380.00. Following the transaction, the director now directly owns 35,927 shares in the company, valued at approximately $3,916,043. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Byron sold 25,507 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $137.09, for a total value of $3,496,754.63. Following the completion of the transaction, the insider now directly owns 162,706 shares of the company’s stock, valued at approximately $22,305,365.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 496,582 shares of company stock valued at $63,347,180. 5.82% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in shares of NVIDIA by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock valued at $105,000 after buying an additional 157 shares during the period. Proficio Capital Partners LLC increased its stake in shares of NVIDIA by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares during the period. Stephens Inc. AR increased its stake in shares of NVIDIA by 10.2% in the third quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 179 shares during the period. Coconut Grove Bank increased its stake in shares of NVIDIA by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 1,060 shares during the period. Finally, Mascoma Wealth Management LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $154,000. 85.00% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on NVDA. Vetr upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating and set a $117.98 price target for the company in a research report on Tuesday, April 4th. Goldman Sachs Group Inc restated a “buy” rating and set a $130.00 price objective on shares of NVIDIA in a research report on Friday, April 14th. Citigroup Inc set a $145.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Saturday, March 11th. Royal Bank of Canada restated a “buy” rating and set a $130.00 price objective on shares of NVIDIA in a research report on Friday, March 17th. Finally, Wells Fargo & Co restated an “underperform” rating and set a $75.00 price objective (up from $68.00) on shares of NVIDIA in a research report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. NVIDIA has a consensus rating of “Hold” and a consensus target price of $115.99.
NVIDIA (NASDAQ:NVDA) traded down 6.46% during trading on Friday, hitting $149.60. 92,323,196 shares of the stock were exchanged. NVIDIA has a 52 week low of $44.57 and a 52 week high of $168.50. The firm has a 50-day moving average of $126.30 and a 200-day moving average of $109.28. The stock has a market capitalization of $89.01 billion, a price-to-earnings ratio of 50.22 and a beta of 1.31.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping the consensus estimate 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 had a net margin of 26.17% and a return on equity of 34.19%. The company’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Equities research analysts anticipate that NVIDIA will post $3.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Friday, May 19th. NVIDIA’s dividend payout ratio (DPR) is 21.96%.
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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