NVIDIA Co. (NASDAQ:NVDA) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 12,038,204 shares, a decrease of 18.0% from the February 15th total of 14,674,785 shares. Based on an average daily trading volume, of 14,418,438 shares, the short-interest ratio is currently 0.8 days. Currently, 2.4% of the company’s stock are short sold.
NVIDIA (NASDAQ NVDA) opened at $245.33 on Monday. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27. NVIDIA has a 12 month low of $95.49 and a 12 month high of $251.97. The company has a market cap of $148,420.00, a P/E ratio of 53.22, a price-to-earnings-growth ratio of 3.85 and a beta of 1.43.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. sell-side analysts expect that NVIDIA will post 6.22 earnings per share for the current year.
In other news, Director Persis Drell sold 606 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the transaction, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James C. Gaither sold 40,359 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,546 shares of company stock valued at $14,034,433. Company insiders own 5.82% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. SB Investment Advisers UK Ltd. purchased a new stake in shares of NVIDIA in the 4th quarter valued at $5,200,218,000. Geode Capital Management LLC lifted its holdings in NVIDIA by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock worth $1,389,500,000 after buying an additional 512,166 shares during the last quarter. Legal & General Group Plc lifted its holdings in NVIDIA by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock worth $512,549,000 after buying an additional 78,943 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in NVIDIA by 2.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,265,682 shares of the computer hardware maker’s stock worth $438,409,000 after buying an additional 45,162 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in NVIDIA by 0.9% during the 4th quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock worth $428,290,000 after buying an additional 19,900 shares during the last quarter. 66.04% of the stock is owned by institutional investors.
NVDA has been the topic of several recent research reports. Bank of America reaffirmed a “buy” rating and set a $275.00 target price (up from $251.00) on shares of NVIDIA in a report on Friday, January 19th. B. Riley reiterated a “buy” rating and set a $270.00 price target on shares of NVIDIA in a research report on Monday, January 8th. Zacks Investment Research lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 15th. Vetr lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $220.43 target price on the stock. in a research report on Tuesday, December 26th. Finally, Deutsche Bank raised their price target on shares of NVIDIA from $205.00 to $230.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $211.31.
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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