NVIDIA Sees Unusually High Options Volume (NASDAQ:NVDA)

NVIDIA Co. (NASDAQ:NVDA) was the target of unusually large options trading activity on Tuesday. Stock traders bought 5,059,718 call options on the company. This is an increase of 35% compared to the typical daily volume of 3,760,889 call options.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NVDA shares. Mizuho boosted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. HSBC boosted their price objective on NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. The Goldman Sachs Group increased their target price on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wedbush boosted their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Susquehanna raised their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $164.15.

Insider Buying and Selling

In related news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,071,886 shares of company stock valued at $140,997,550. 4.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDA. McAlister Sweet & Associates Inc. grew its position in shares of NVIDIA by 1.0% during the 4th quarter. McAlister Sweet & Associates Inc. now owns 49,572 shares of the computer hardware maker’s stock valued at $6,657,000 after acquiring an additional 509 shares during the period. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the fourth quarter valued at approximately $34,000. Range Financial Group LLC grew its holdings in NVIDIA by 113.1% in the fourth quarter. Range Financial Group LLC now owns 57,587 shares of the computer hardware maker’s stock valued at $7,733,000 after purchasing an additional 30,559 shares during the period. One Wealth Capital Management LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $2,056,000. Finally, Strathmore Capital Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $140.14 on Wednesday. NVIDIA has a twelve month low of $49.48 and a twelve month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.43 trillion, a PE ratio of 55.15, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The company’s 50 day moving average is $139.72 and its 200 day moving average is $128.37.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s revenue was up 93.6% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is presently 1.57%.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.