NVIDIA Co. (NASDAQ:NVDA) Short Interest Update

NVIDIA Co. (NASDAQ:NVDA) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 10,718,500 shares, a drop of 9.7% from the June 30th total of 11,874,200 shares. Based on an average trading volume of 10,840,000 shares, the short-interest ratio is currently 1.0 days. Approximately 1.9% of the company’s stock are sold short.

A number of analysts have weighed in on NVDA shares. BMO Capital Markets restated a “market perform” rating and set a $145.00 price objective on shares of NVIDIA in a research note on Friday. Sanford C. Bernstein set a $150.00 price objective on shares of NVIDIA and gave the company a “hold” rating in a research note on Wednesday, June 26th. Craig Hallum restated a “hold” rating and set a $170.00 price objective (up from $165.00) on shares of NVIDIA in a research note on Friday. Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of NVIDIA in a research note on Friday. Finally, Morgan Stanley restated an “equal weight” rating and set a $180.00 price objective (up from $170.00) on shares of NVIDIA in a research note on Friday. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $193.04.

In related news, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the transaction, the director now directly owns 20,684 shares of the company’s stock, valued at approximately $3,450,091.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the transaction, the director now directly owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,736 shares of company stock valued at $15,293,726. 4.64% of the stock is currently owned by corporate insiders.



A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Securities Inc. increased its stake in NVIDIA by 95.7% during the fourth quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock valued at $381,000 after acquiring an additional 1,395 shares during the period. Truvestments Capital LLC bought a new position in NVIDIA during the first quarter valued at about $33,000. First Manhattan Co. increased its stake in NVIDIA by 217.6% during the first quarter. First Manhattan Co. now owns 1,407 shares of the computer hardware maker’s stock valued at $252,000 after acquiring an additional 964 shares during the period. Ropes Wealth Advisors LLC increased its stake in NVIDIA by 259.6% during the first quarter. Ropes Wealth Advisors LLC now owns 320 shares of the computer hardware maker’s stock valued at $57,000 after acquiring an additional 231 shares during the period. Finally, Raymond James Trust N.A. grew its stake in shares of NVIDIA by 25.6% in the 1st quarter. Raymond James Trust N.A. now owns 14,122 shares of the computer hardware maker’s stock valued at $2,536,000 after purchasing an additional 2,882 shares during the period. Institutional investors own 67.54% of the company’s stock.

Shares of NVDA stock traded up $10.79 during trading hours on Friday, reaching $159.56. The company had a trading volume of 25,273,139 shares, compared to its average volume of 13,151,389. The business has a fifty day moving average price of $163.66 and a 200-day moving average price of $163.39. NVIDIA has a one year low of $124.46 and a one year high of $292.76. The firm has a market cap of $95.03 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.99 and a beta of 2.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.78 and a current ratio of 8.98.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.37. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business posted $1.94 earnings per share. The business’s revenue for the quarter was down 17.4% on a year-over-year basis. Equities research analysts forecast that NVIDIA will post 4.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.40%. NVIDIA’s dividend payout ratio (DPR) is 10.54%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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