Shares of the company are trading at $196.62 which is a tad above the 50 day moving average of $181.45 and a great deal higher than the 200 day moving average of $152.95. The 50 day moving average was up $15.17 or +8.36% and the 200 day average was up $43.67. Trading volume for NVIDIA Corporation was 11,290K on Tuesday. Trading volume was down 51.17% under the stocks average daily volume.
Investors are feeling more bullish on shares of the company lately if you take note of the change in short interest. The stock had a fall in short interest of -17.48% as of the latest report on September 29, 2017. Short interest decreased from 17,880,570 to 14,755,916 over that timeframe. Days to cover decreased from 1.0 to 1.0 and the percentage of shorted shares was 0.02% on September 29.
There has been some selling insider activity on NVIDIA Corporation (NASDAQ:NVDA) recently. EVP Debora Shoquist disclosed the sale of 33,498 shares of NVDA stock. The shares were purchased at an average price of $189.24. Shoquist now owns $45,632,198 of the stock per the Form 4 SEC filing. Colette Kress, EVP sold $4,226,550 worth of shares at an average price of $185.31 on Mon the 9th. That brings Kress’s holdings to $59,797,684 per an SEC filing yesterday.
Director Harvey C. Jones let go of 100,000 shares at an average price of $185.65 on Thu the 21st. That brings the Director’s holdings to $79,266,981 as reported to the SEC.
The following firms have recently changed their position in NVDA. As of quarter end Beech Hill Advisors, Inc. had acquired a total of 126 shares growing its stake by 2.3%. The value of the company’s investment in NVIDIA Corporation increased from $788,000 to $996,000 a change of $208,000 quarter to quarter. As of the end of the quarter Montecito Bank & Trust had bought 6,868 shares growing its position 14,308.3%. The value of the investment in NVDA went from $7,000 to $1,236,000 increasing 17,557.1% quarter over quarter.
As of the end of the quarter Horseman Capital Management Ltd had disposed of a total of 18,400 shares trimming its holdings by 43.1%. The value of the total investment in NVIDIA Corporation decreased from $6,173,000 to $4,344,000 a change of 29.6% since the last quarter. Robeco Institutional Asset Management B.v. divested its position by selling 52,194 shares a decrease of 28.2%. Robeco Institutional Asset Management B.v. now controls 133,130 shares valued at $23,797,000. The value of the position overall is down by 11.2%.
On July 12, 2017 the stock rating was changed to “Buy” by SunTrust Robinson Humphrey which was a boost from the previous “Neutral” rating. August 11 investment analysts at Citigroup left the company rating at “Buy” but raised the price expectation to $185.00 from $90.00.
On August 14 Canaccord Genuity held the company rating at “Buy” and raised the price expectation from $35.00 to $190.00.
The company is now down since yesterday’s close of 196.9. The company also recently declared a dividend that was paid on Monday the 18th of September 2017. The dividend payment was $0.140 per share for the quarter or $0.56 annualized. The dividend yield was $0.28. The ex-dividend date was Tuesday the 22nd of August 2017.
The most current P/E ratio is 56.55 and market cap is 117.97B. As of 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 presently outstanding. Next quarter’s EPS is forecasted to be $0.97 and the next full year EPS is 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..