NVIDIA Co. (NASDAQ:NVDA) Short Interest Update
NVIDIA Co. (NASDAQ:NVDA) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 11,874,200 shares, a growth of 20.7% from the June 15th total of 9,840,300 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily volume of 11,210,000 shares, the days-to-cover ratio is presently 1.1 days.
A number of brokerages recently weighed in on NVDA. TheStreet raised TELUS from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. Stifel Nicolaus began coverage on Theratechnologies in a report on Tuesday, May 14th. They set a “buy” rating and a C$15.00 price objective on the stock. Barclays reaffirmed a “hold” rating and set a $23.00 price objective on shares of Cypress Semiconductor in a report on Thursday, June 6th. Sanford C. Bernstein set a $150.00 price objective on NVIDIA and gave the stock a “hold” rating in a report on Wednesday, June 26th. Finally, BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $194.34.
In related news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the transaction, the director now owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Persis Drell sold 2,500 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $166.80, for a total value of $417,000.00. Following the transaction, the director now directly owns 20,684 shares in the company, valued at approximately $3,450,091.20. The disclosure for this sale can be found here. Insiders have sold 104,736 shares of company stock valued at $15,293,726 in the last 90 days. Company insiders own 4.64% of the company’s stock.
Shares of NASDAQ:NVDA traded up $1.69 on Friday, hitting $175.07. The company had a trading volume of 6,842,362 shares, compared to its average volume of 9,668,342. 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 has a 52-week low of $124.46 and a 52-week high of $292.76. The business has a 50 day moving average of $159.55. The firm has a market capitalization of $106.62 billion, a P/E ratio of 28.84, a PEG ratio of 4.48 and a beta of 2.09.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 31.27% and a net margin of 30.68%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business earned $2.05 earnings per share. The business’s revenue was down 30.8% on a year-over-year basis. On average, research analysts predict that NVIDIA will post 4.16 EPS for the current fiscal year.
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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