NVIDIA Corporation (NASDAQ:NVDA) has been the object of insider selling activity recently. Tench Coxe, Director disclosed the sale of 50,000 shares. The shares were sold on June 9th for an average price of $164.53. Coxe now owns $186,810,817 of the stock per the Form 4 SEC filing. Debora Shoquist, EVP reported the sale of 63,717 shares of (NVDA). The shares were purchased at an average price of $144.81. The EVP now owns $43,136,727 of the stock according to the SEC filing.
EVP Ajay K. Puri disclosed the sale of 81,931 shares of NVDA stock. The shares sold for $139.81. Puri now owns $78,553,926 of the stock according to the SEC filing.
Nvidia Corporation, launched on February 24, 1998, focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company provides service to its customers through PC, mobile and cloud architectures. The Company operates through two segments: GPU and Tegra Processor, which are based on a single underlying architecture. The Business’s processor has created platforms that address four markets: Gaming, Professional Visualization, Datacenter, and Automotive. The Business’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. The Business’s Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core central processing units (CPUs) to drive supercomputing for mobile gaming and entertainment devices, as well as autonomous robots, drones and cars..
These firms have also modified their investment in NVDA. As of the end of the quarter Clearbridge Investments, LLC had sold 300 shares trimming its position 60.0%. The value of the company’s investment in NVIDIA Corporation went from $53,000 to $22,000 a change of 58.5% quarter to quarter. Columbia Partners L L C Investment Management cut its holdings by selling 13,225 shares a decrease of 27.7%. Columbia Partners L L C Investment Management claims 34,496 shares with a value of $3,757,000. The total value of its holdings decreased 26.2%.
Sowell Financial Services LLC expanded its position by buying 4,106 shares an increase of 664.4% as of 03/31/2017. Sowell Financial Services LLC controls 4,724 shares worth $655,000. The value of the position overall is up by 877.6%. Piedmont Investment Advisors LLC trimmed its stake by shedding 29,781 shares a decrease of 67.7% from 12/31/2016 to 03/31/2017. Piedmont Investment Advisors LLC now controls 14,225 shares valued at $1,550,000. The total value of its holdings decreased 67.0%.
On May 19, 2017 Bernstein initiated coverage on the stock with a rating of “Outperform”. On December 14 the stock rating was upgraded from “” to “Buy” with a current price target of $109.00 by Evercore ISI Group.
Equity analyst Loop Capital initiated coverage on NVDA with an initial rating of “Buy”. On November 14 the company was upgraded to “Buy” from “Hold” in a statement from Needham.
On November 11 the stock rating was upgraded to “Equal-Weight” from “Outperform” and a price target of $72.00 was set by analysts at Barclays. On October 25 the stock rating was upgraded to “Buy” from “Buy” with a current price target of $85.00 in a report from B. Riley.
The company is now down since yesterday’s close of $159.94. The company declared a dividend that will be paid on Wednesday the 14th of June 2017. The dividend will be $0.140 per share for the quarter which comes to $0.56 on an annualized basis. This dividend amount will represent a yeild of $0.38. The ex-dividend date will be on Friday May 19th, 2017.
It is trading at $149.60 which is just over the 50 day moving average which is $124.92 and just a bit higher than the 200 day moving average of $108.87. The 50 day moving average was up by +19.76% and the 200 day average went up $40.73 or +37.42%.
NVIDIA Corporation currently has a P/E ratio of 50.22 and the market value is 89.01B. As of the latest earnings report the EPS was $2.98 and is estimated to be $3.08 for the current year with 595,000,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.78 and the next full year EPS is projected to be $3.48.
Traders are a little more bullish on the company recently if you pay attention to the motion in short interest. The stock experienced a fall in short interest of -0.17% as of the latest report on April 28, 2017. Short shares decreased 48,494 over that period. The days to cover decreased to 1.4 and the percentage of shorted shares is 0.05% as of April 28.