Company shares are trading at $206.81 which is quite a bit above $186.68, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $156.96. The 50 day moving average went up by +10.78% and the 200 day average went up by +31.76%. NVIDIA Corporation shares had a trading volume of 10,180K by the end of trading on Tuesday. Overall, volume was down 21.72% under the stocks normal daily volume.
Investors are feeling more bullish on the company lately as indicated by the decrease in short interest. The company experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -0.50%. Short interest fell 74,084 over that period. Days to cover decreased from 1.0 to 1.0 and the percentage of shorted shares was 0.02% on October 13.
NVIDIA Corporation (NASDAQ:NVDA) has been the object of insider selling activity recently. Debora Shoquist, EVP disclosed the sale of 33,498 shares of (NVDA). The shares were sold on October 10th for an average price of $189.24. The EVP now owns $45,632,198 of the stock according to the SEC filing. Colette Kress, EVP sold $4,226,550 worth of shares at an average price of $185.31 on Mon the 9th. The EVP now owns $59,797,684 of the stock per an SEC filing yesterday.
Harvey C. Jones, Director disclosed the sale of 100,000 shares of NVDA stock. The shares were purchased at an average price of $185.65. Jones now owns $79,266,981 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Andra Ap-fonden had acquired a total of 2,200 shares growing its position 8.6%. The value of the investment in NVDA increased from $3,686,000 to $4,952,000 a change of 34.3% since the last quarter. As of quarter end Edgestream Partners, L.p. had sold 5,952 shares trimming its holdings by 16.3%. The value in dollars went from $5,269,000 to $5,451,000 increasing 3.5% for the reporting period.
Tokio Marine Asset Management Co Ltd divested its position by selling 4,291 shares a decrease of 10.3%. Tokio Marine Asset Management Co Ltd currently owns 37,370 shares worth $6,681,000. The value of the position overall is up by 10.9%. As of quarter end Simplex Trading, LLC had acquired 40,384 shares growing its stake by 11.8%. The value of the investment in NVIDIA Corporation went from $49,339,000 to $68,234,000 a change of $18,895,000 quarter to quarter.
August 11 investment analysts at Citigroup made no change to the stock rating of “Buy” and raised the price expectation to $185.00 from $90.00. On August 14 Canaccord Genuity kept the company rating at “Buy” but raised the price target from $35.00 to $190.00.
The company is so far trading up since yesterday’s close of $206.81. NVIDIA Corporation recently declared a dividend paid on Monday September 18th, 2017. The dividend payment was $0.140 per share for the quarter which is $0.56 annualized. This dividend amount was represent a yield of $0.28. The ex-dividend date was set for Tuesday the 22nd of August 2017.
NVIDIA Corporation’s P/E ratio is 59.48 and market capitalization is 124.09B. In the latest earnings report the EPS was $3.48 and is estimated to be $3.63 for the current year with 600,000,000 shares outstanding. Next quarter’s EPS is forecasted at $0.97 with next year’s EPS projected to be $4.02.
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..