NVIDIA Corp. Sees Unusually High Options Volume (NVDA)
NVIDIA Corp. (NASDAQ:NVDA) saw some unusual options trading on Monday. Traders acquired 24,986 put options on the company, American Banking and Market News reports. This represents an increase of approximately 719% compared to the typical daily volume of 3,049 put options.
NVDA has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of NVIDIA Corp. (NASDAQ:NVDA) in a research note to investors on Thursday. They now have a $15.00 price target on the stock. Separately, analysts at Roth Capital raised their price target on shares of NVIDIA Corp. (NASDAQ:NVDA) from $17.00 to $20.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NVIDIA Corp. (NASDAQ:NVDA) in a research note to investors on Tuesday, August 20th. They now have a $16.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.21.
NVIDIA Corp. (NASDAQ:NVDA) traded down 0.98% during mid-day trading on Monday, hitting $15.64. 6,781,230 shares of the company’s stock traded hands. NVIDIA Corp. has a 1-year low of $11.15 and a 1-year high of $16.10. The stock’s 50-day moving average is $15.07 and its 200-day moving average is $14.06. The company has a market cap of $9.049 billion and a price-to-earnings ratio of 17.45.
NVIDIA Corp. (NASDAQ:NVDA) last released its earnings data on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.10. The company had revenue of $977.20 million for the quarter, compared to the consensus estimate of $976.43 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts predict that NVIDIA Corp. will post $0.71 earnings per share for the current fiscal year.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
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