NVIDIA Target of Unusually High Options Trading (NVDA)
NVIDIA Co. (NASDAQ:NVDA) saw some unusual options trading activity on Friday. Traders bought 157,211 call options on the stock. This is an increase of 105% compared to the typical daily volume of 76,667 call options.
NVIDIA (NASDAQ:NVDA) traded up 2.59% during mid-day trading on Friday, reaching $141.84. 19,473,270 shares of the company’s stock were exchanged. The stock has a market capitalization of $83.97 billion, a PE ratio of 47.61 and a beta of 1.31. The firm’s 50-day moving average is $113.29 and its 200 day moving average is $104.67. NVIDIA has a 1-year low of $44.57 and a 1-year high of $145.28.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. NVIDIA had a net margin of 23.82% and a return on equity of 34.13%. The company’s revenue was up 48.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. Analysts forecast that NVIDIA will post $3.08 earnings per share for the current fiscal year.
The company 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, May 19th. NVIDIA’s dividend payout ratio is presently 21.96%.
In other NVIDIA news, insider Jen Hsun Huang sold 41,670 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $98.30, for a total value of $4,096,161.00. Following the sale, the insider now directly owns 1,811,456 shares of the company’s stock, valued at $178,066,124.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $129.48, for a total transaction of $6,474,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 425,285 shares of company stock worth $50,066,550. 5.82% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in NVIDIA by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock worth $105,000 after buying an additional 157 shares in the last quarter. Proficio Capital Partners LLC raised its position in NVIDIA by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares in the last quarter. Stephens Inc. AR raised its position in NVIDIA by 10.2% in the third quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 179 shares in the last quarter. Coconut Grove Bank raised its position in NVIDIA by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares in the last quarter. Finally, Mascoma Wealth Management LLC purchased a new position in NVIDIA during the fourth quarter worth $154,000. 85.00% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $135.00 price target on shares of NVIDIA in a report on Monday, May 8th. Roth Capital reissued a “neutral” rating and set a $110.00 target price on shares of NVIDIA in a research note on Monday. CLSA reissued an “underperform” rating and set a $115.00 target price on shares of NVIDIA in a research note on Wednesday, May 10th. Instinet reissued a “reduce” rating and set a $90.00 target price on shares of NVIDIA in a research note on Monday, May 15th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $90.00 target price (up from $76.00) on shares of NVIDIA in a research note on Thursday, February 16th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. NVIDIA has a consensus rating of “Hold” and an average target price of $112.83.
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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