NVIDIA Corporation (NASDAQ:NVDA) Short Interest Update

by · The Cerbat Gem

NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 280,872,588 shares, an increase of 22.5% from the March 15th total of 229,229,350 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 186,357,230 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NVDA shares. Macquarie Infrastructure raised shares of NVIDIA to an “outperform” rating in a research note on Monday, December 29th. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of NVIDIA in a research note on Thursday, February 26th. Mizuho set a $275.00 price objective on NVIDIA and gave the company an “outperform” rating in a research note on Friday, January 9th. Citigroup started coverage on NVIDIA in a report on Wednesday. They issued a “buy” rating on the stock. Finally, Wedbush increased their target price on NVIDIA from $230.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $275.25.

View Our Latest Stock Report on NVDA

Insiders Place Their Bets

In related news, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the transaction, the director directly owned 36,007 shares in the company, valued at $6,362,796.97. This trade represents a 34.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $184.90, for a total transaction of $555,439.60. Following the transaction, the director directly owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. This trade represents a 16.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,153,976 shares of company stock valued at $207,181,819 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Large investors have recently added to or reduced their stakes in the stock. Ballast Rock Private Wealth LLC grew its holdings in shares of NVIDIA by 8.4% in the first quarter. Ballast Rock Private Wealth LLC now owns 17,476 shares of the computer hardware maker’s stock worth $3,048,000 after acquiring an additional 1,355 shares during the period. Baugh & Associates LLC bought a new position in NVIDIA in the first quarter valued at about $3,226,000. Terra Nova Asset Management LLC boosted its position in NVIDIA by 99.5% in the first quarter. Terra Nova Asset Management LLC now owns 19,318 shares of the computer hardware maker’s stock worth $3,369,000 after purchasing an additional 9,636 shares during the last quarter. Forbes J M & Co. LLP boosted its position in NVIDIA by 0.6% in the first quarter. Forbes J M & Co. LLP now owns 414,919 shares of the computer hardware maker’s stock worth $72,362,000 after purchasing an additional 2,593 shares during the last quarter. Finally, JDH Wealth Management LLC grew its stake in shares of NVIDIA by 2.0% during the 1st quarter. JDH Wealth Management LLC now owns 12,073 shares of the computer hardware maker’s stock valued at $2,106,000 after purchasing an additional 240 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $0.52 during trading on Thursday, hitting $198.35. 133,290,550 shares of the company’s stock traded hands, compared to its average volume of 175,737,125. NVIDIA has a 1 year low of $95.04 and a 1 year high of $212.19. The business has a 50-day simple moving average of $182.51 and a 200-day simple moving average of $184.77. The stock has a market capitalization of $4.82 trillion, a P/E ratio of 40.48, a PEG ratio of 0.65 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.08. The business had revenue of $68.13 billion for the quarter, compared to analysts’ expectations of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business’s revenue for the quarter was up 73.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. As a group, analysts forecast that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is 0.82%.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

About NVIDIA

(Get Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Further Reading