On May 5, 2023 at 09:37:07 ET an unusually large $4,157.43K block of Put contracts in NVIDIA (NVDA) was bought, with a strike price of $250.00 / share, expiring in 259 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 7.37 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in NVDA options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 4649 funds or institutions reporting positions in NVIDIA. This is an increase of 305 owner(s) or 7.02% in the last quarter. Average portfolio weight of all funds dedicated to NVDA is 1.18%, an increase of 41.49%. Total shares owned by institutions increased in the last three months by 2.40% to 1,786,023K shares. The put/call ratio of NVDA is 1.13, indicating a bearish outlook.
Analyst Price Forecast Suggests 6.60% Upside
As of April 24, 2023, the average one-year price target for NVIDIA is 293.81. The forecasts range from a low of 191.90 to a high of $413.70. The average price target represents an increase of 6.60% from its latest reported closing price of 275.62.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NVIDIA is 30,001MM, an increase of 11.22%. The projected annual non-GAAP EPS is 4.40.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 71,043K shares representing 2.88% ownership of the company. In it’s prior filing, the firm reported owning 70,850K shares, representing an increase of 0.27%. The firm increased its portfolio allocation in NVDA by 11.48% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 57,562K shares representing 2.33% ownership of the company. In it’s prior filing, the firm reported owning 56,763K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in NVDA by 12.47% over the last quarter.
Price T Rowe Associates holds 56,957K shares representing 2.31% ownership of the company. In it’s prior filing, the firm reported owning 51,913K shares, representing an increase of 8.86%. The firm increased its portfolio allocation in NVDA by 29.39% over the last quarter.
Geode Capital Management holds 45,789K shares representing 1.86% ownership of the company. In it’s prior filing, the firm reported owning 45,096K shares, representing an increase of 1.51%. The firm increased its portfolio allocation in NVDA by 13.01% over the last quarter.
Invesco Qqq Trust, Series 1 holds 32,817K shares representing 1.33% ownership of the company. In it’s prior filing, the firm reported owning 31,015K shares, representing an increase of 5.49%. The firm increased its portfolio allocation in NVDA by 29.48% over the last quarter.
NVIDIA Declares $0.04 Dividend
On February 22, 2023 the company declared a regular quarterly dividend of $0.04 per share ($0.16 annualized). Shareholders of record as of March 8, 2023 received the payment on March 29, 2023. Previously, the company paid $0.04 per share.
At the current share price of $275.62 / share, the stock’s dividend yield is 0.06%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.19%, the lowest has been 0.02%, and the highest has been 0.50%. The standard deviation of yields is 0.12 (n=237).
The current dividend yield is 1.06 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.09. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
NVIDIA Background Information
(This description is provided by the company.)
NVIDIA is the pioneer of GPU-accelerated computing. The Company specializes in products and platforms for the large, growing markets of gaming, professional visualization, data center, and automotive. Its creations are loved by the most demanding computer users in the world – gamers, designers, and scientists. And its work is at the center of the most consequential mega-trends in technology.
See all NVIDIA regulatory filings.
This article originally appeared on Fintel
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