NVIDIA Short Interest Up 2.4% in April (NVDA)
NVIDIA (NASDAQ:NVDA) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 51,159,634 shares, a growth of 2.4% from the April 15th total of 49,950,506 shares, AR Network reports. Based on an average trading volume of 6,071,449 shares, the short-interest ratio is presently 8.4 days. Approximately 9.7% of the shares of the company are sold short.
In other NVIDIA news, CAO David Shannon sold 2,446 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $18.45, for a total transaction of $45,128.70. Following the sale, the chief accounting officer now directly owns 240,917 shares in the company, valued at approximately $4,444,919. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on NVDA shares. Analysts at Zacks reiterated a “neutral” rating on shares of NVIDIA in a research note on Wednesday. They now have a $19.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of NVIDIA from $21.00 to $22.00 in a research note on Friday, May 9th. Finally, analysts at Roth Capital raised their price target on shares of NVIDIA from $20.00 to $22.00 in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Hold” and a consensus target price of $18.90.
NVIDIA (NASDAQ:NVDA) opened at 18.10 on Thursday. NVIDIA has a 52-week low of $13.11 and a 52-week high of $19.46. The stock’s 50-day moving average is $18.45 and its 200-day moving average is $16.89. The company has a market cap of $10.120 billion and a P/E ratio of 21.46.
NVIDIA (NASDAQ:NVDA) last released its earnings data on Tuesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.12. The company had revenue of $1.10 million for the quarter, compared to the consensus estimate of $1.06 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts expect that NVIDIA will post $0.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, May 20th.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.