Here is the rundown on market activity for NVIDIA Corporation (NASDAQ:NVDA). Tench Coxe, Director let go of $5,596,800 worth of shares at a price of $63.60 on Wed the 21st. The Director now owns $1,049,146 of the stock per an SEC filing yesterday. A. Brooke Seawell, Director disclosed the sale of 30,000 shares. The shares were sold on September 16th for an average price of $62.52. The Director now owns $8,127,600 of the stock per the Form 4 SEC filing.
Colette Kress, EVP sold $2,365,265 worth of shares at an average price of $62.18 on Mon the 29th. That brings Kress’s holdings to $31,859,415 as recorded in a recent Form 4 SEC filing.
These funds have also shifted positions in (NVDA). BNP Paribas Investment Partners S.A. reduced its investment by selling 33,432 shares a decrease of 68.3% as of 06/30/2016. BNP Paribas Investment Partners S.A. claims 15,536 shares with a value of $730,000. The value of the position overall is down by 54.8%. Twin Tree Management, Lp bolstered its holdings by buying 226,446 shares an increase of 550.2% from 09/30/2014 to 12/31/2015. Twin Tree Management, Lp owns 267,600 shares valued at $8,820,000. The total value of its holdings increased 1,062.1%.
As of the end of the quarter Kames Capital Plc had disposed of 18,949 shares trimming its holdings by 5.8%. The value of the total investment in NVIDIA Corporation increased from $11,555,000 to $14,364,000 increasing 24.3% for the reporting period. As of quarter end Nomura Holdings Inc had bought a total of 298,215 shares growing its position 4,331.4%. The value of the investment in NVIDIA Corporation went from $243,000 to $14,314,000 a change of $14,071,000 quarter over quarter.
On September 20, 2016 SunTrust Robinson Humphrey added the stock to its research portfolio with a rating of “Neutral” and price target of $59.00. On August 15 Argus Research left the company rating at “Buy” but raised the price expectation to $72.00 from $39.00.
On August 12 the company was upgraded from “Outperform” to “Outperform” by RBC Capital. On July 15 the stock rating was downgraded to “Buy” from “” with a current price target of $60.00 in a report from Wells Fargo.
Equity analyst Mizuho Securities started covering NVDA setting a rating of “Buy” and establishing a price target of $60.00. On June 13, 2016 the stock rating was set at “Buy” by Nomura which was a boost from the previous “Neutral” rating.
In the market the company is trading up by 3.42% since yesterday’s close of $64.34. Additionally the company recently announced a dividend for shareholders that was paid on Friday September 16th, 2016. The dividend payment was $0.115 per share for the quarter which is $0.46 annualized. This dividend amount was represent a yeild of $0.71. The ex-dividend date was Tuesday the 23rd of August 2016.
Company shares last traded at $66.54 just above $62.04, the 50 day moving average and which is just a bit higher than the 200 day moving average of $48.01. The 50 day moving average was up $4.50 whereas the 200 day moving average was up $18.53 or +38.59%.
The P/E ratio is currently 43.72 and the market value is 35.60B. As of the last earnings report the EPS was $1.52 and is projected to be $1.85 for the current year with 535,000,000 shares outstanding. Next quarter’s EPS is forecasted at $0.56 with next year’s EPS projected to be $1.91.
Short traders are more bearish on the company if you look at the change in short interest. The stock realized a rise in short interest between August 31, 2016 and September 15, 2016 of 0.07%. Short shares grew 3,939,668 over that timeframe. The days to cover decreased to 5.3 and the short interest percentage is 0.11% as of September 15.