NVIDIA (NVDA) Trading Down 8.5%

NVIDIA Co. (NASDAQ:NVDA) fell 8.5% during trading on Monday . The stock traded as low as $205.00 and last traded at $213.70. 28,992,845 shares were traded during mid-day trading, an increase of 133% from the average session volume of 12,460,000 shares. The stock had previously closed at $233.52.

Several research firms have commented on NVDA. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $246.84 price target on the stock in a report on Monday. Zacks Investment Research raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price target on the stock in a report on Wednesday, January 24th. Citigroup reaffirmed a “buy” rating and issued a $240.00 price target on shares of NVIDIA in a report on Friday, November 10th. Finally, Loop Capital upped their price target on shares of NVIDIA from $205.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and an average target price of $197.84.

The firm has a market capitalization of $129,500.00, a price-to-earnings ratio of 53.43, a P/E/G ratio of 4.87 and a beta of 1.43. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. NVIDIA’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. equities analysts anticipate that NVIDIA Co. will post 4.19 earnings per share for the current year.

In other news, Director Dawn E. Hudson sold 15,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the completion of the sale, the director now owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the sale, the director now directly owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,858 shares of company stock valued at $4,227,384. 5.17% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of NVDA. Whale Rock Capital Management LLC purchased a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $93,171,000. Zevenbergen Capital Investments LLC grew its stake in shares of NVIDIA by 957.5% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock valued at $70,000,000 after buying an additional 354,537 shares during the period. Swedbank grew its stake in shares of NVIDIA by 21.0% in the 3rd quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock valued at $302,244,000 after buying an additional 293,832 shares during the period. Global X MANAGEMENT CO LLC grew its stake in shares of NVIDIA by 3,440.1% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 274,007 shares of the computer hardware maker’s stock valued at $48,984,000 after buying an additional 266,267 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of NVIDIA by 48.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 736,869 shares of the computer hardware maker’s stock valued at $131,713,000 after buying an additional 239,593 shares during the period. 62.84% of the stock is owned by institutional investors and hedge funds.

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About NVIDIA

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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