2,812 institutions hold shares in NVIDIA Corporation (NVDA), with 25.89M shares held by insiders accounting for 4.18% while institutional investors hold 71.42% of the company’s shares. The shares outstanding are 618.00M, and float is at 593.09M with Short Float at 1.12%. Institutions hold 68.43% of the Float.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 48.5 million shares valued at $26.25 billion. The investor’s holdings represent 7.83% of the NVDA Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 44.8 million shares valued at $23.39 billion to account for 7.24% of the shares outstanding. The other top investors are FMR, LLC which holds 43.53 million shares representing 7.03% and valued at over $22.73 billion, while State Street Corporation holds 4.10% of the shares totaling 25.38 million with a market value of $13.73 billion.
NVIDIA Corporation (NASDAQ: NVDA) is 14.34% higher on its value in year-to-date trading and has touched a low of $180.68 and a high of $614.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NVDA stock was last observed hovering at around $593.16 in the last trading session, with the day’s gains setting it 3.9% off its average median price target of $605.00 for the next 12 months. It is also 14.71% off the consensus price target high of $700.00 offered by 39 analysts, but current levels are -61.37% lower than the price target low of $370.00 for the same period.
Currently trading at $597.06, the stock is 6.64% and 10.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.79 million and changing 0.66% at the moment leaves the stock 24.90% off its SMA200. NVDA registered 93.41% gain for a year compared to 6-month gain of 22.97%. The firm has a 50-day simple moving average (SMA 50) of $549.96 and a 200-day simple moving average (SMA200) of $528.45.
The stock witnessed a 11.68% loss in the last 1 month and extending the period to 3 months gives it a 11.21%, and is -2.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 3.00% over the month.
NVIDIA Corporation (NVDA) has around 13775 employees, a market worth around $367.17B and $14.78B in sales. Current P/E ratio is 97.56 and Fwd P/E is 51.06. Profit margin for the company is 25.90%. Distance from 52-week low is 230.45% and -2.90% from its 52-week high. The company has generated returns on investments over the last 12 months (18.80%).
NVIDIA Corporation (NVDA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NVIDIA Corporation (NVDA) is a “Overweight”. 39 analysts offering their recommendations for the stock have an average rating of 2.00, where 7 rate it as a Hold and 5 think it is a “Overweight”. 25 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
NVIDIA Corporation is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $2.8 with sales reaching $4.82B over the same period.The EPS is expected to shrink by -25.10% this year, but quarterly earnings will post 51.00% year-over-year. Quarterly sales are estimated to grow 55.20% in year-over-year returns.
NVIDIA Corporation (NVDA) Insider Activity
A total of 127 insider transactions have happened at NVIDIA Corporation (NVDA) in the last six months, with sales accounting for 114 and purchases happening 13 times. The most recent transaction is an insider sale by COXE TENCH, the company’s Director. SEC filings show that COXE TENCH sold 356 shares of the company’s common stock on Jan 07 at a price of $528.73 per share for a total of $0.19 million. Following the sale, the insider now owns 10219.0 shares.
NVIDIA Corporation disclosed in a document filed with the SEC on Jan 04 that HUANG JEN HSUN (President and CEO) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Jan 04 and was made at $529.85 per share for $52.98 million. Following the transaction, the insider now directly holds 1.26 million shares of the NVDA stock.
Still, SEC filings show that on Dec 23, Dabiri John (Director) disposed off 185 shares at an average price of $529.85 for $98023.0. The insider now directly holds 1,068 shares of NVIDIA Corporation (NVDA).
NVIDIA Corporation (NVDA): Who are the competitors?
The company’s main competitors (and peers) include Texas Instruments Incorporated (TXN) that is trading 35.66% up over the past 12 months. QUALCOMM Incorporated (QCOM) is 62.00% up on the 1-year trading charts. Short interest in the company’s stock has risen 3.16% from the last report on Dec 30, 2020 to stand at a total of 6.44 million short shares sold with a short interest ratio of 0.87.