Unusual trade of call options on NVIDIA (NVDA) worth $4,370.32,000

On March 17, 2023 at 09:44:50 ET an unusually large $4,370.32,000 block of call contracts in NVIDIA (NVDA) was purchased, with a strike price of $240.00/share , expiring in 0 days (March 17, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 9.16 sigma above the average, placing it in the 100.00 percentile of all recent large options trades NVDA .

This trade was first detected on Fintel’s real-time unusual options trades tool, where unusual options trades are highlighted.

Analyst price forecast suggests 0.78% drop

As of March 17, 2023, NVIDIA’s one-year average price target was $253.41. The forecast ranges from a low of $111.10 to a high of $336.00. The average price target represents a decline of 0.78% from its last reported closing price of $255.41.

Check out our ranking of companies with the biggest upward price target.

NVIDIA’s projected annual revenue is $27,481 million, an increase of 1.88%. Expected non-GAAP annual EPS is $3.33.

What is fund sentiment?

There are 4504 funds or institutions declaring positions in NVIDIA. This is an increase of 195 owner(s) or 4.53% in the last quarter. Average portfolio weight of all funds dedicated to NVDA is 0.92%, a decrease of 3.36%. The total number of shares held by institutions has increased over the past three months by 2.11% to 1,784,861,000 shares. NVDA’s put/call ratio is 1.15, indicating a bearish outlook.

What do major shareholders do?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 71,043,043 shares representing 2.88% ownership of the company. In its previous filing, the company stated that it held 70,850,000 shares, representing
a raise
by 0.27%. The company

increase

its portfolio allocation to NVDA by 11.48% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares owns 57,562,000 shares representing 2.33% ownership of the company. In its previous filing, the company stated that it holds 56,763,000 shares, representing
a raise
1.39%. The company

increase

its portfolio allocation to NVDA by 12.47% in the last quarter.

Price T Rowe Associates owns 56,957,000 shares representing 2.31% ownership of the company. In its previous filing, the company said it held 51,913,000 shares, representing
a raise
of 8.86%. The company

increase

its portfolio allocation to NVDA of 29.39% over the last quarter.

Geode Capital Management holds 45,789K shares representing 1.86% ownership of the company. In its previous filing, the company stated that it holds 45,096,000 shares, representing
a raise
of 1.51%. The company

increase

its portfolio allocation to NVDA by 13.01% over the last quarter.

Invesco Qqq Trust, Series 1 holds 32,817,000 shares representing 1.33% ownership of the company. In its previous filing, the company stated that it holds 31,015,000 shares, representing
a raise
of 5.49%. The company

increase

its portfolio allocation in NVDA of 29.48% in the last quarter.

NVIDIA declares a dividend of $0.04

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 will receive payment on March 29, 2023. Previously, the company paid $0.04 per share.

At the current share price of $255.41/share, the dividend yield of the stock is 0.06%. Looking back five years and taking a sample each week, the average dividend yield was 0.20%, the low 0.02% and the high 0.50%. The standard deviation of returns is 0.12 (n=237).

The current dividend yield is 1.09 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 as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company has not increased its dividend in the past three years.

General information about NVIDIA
(This description is provided by the company.)

NVIDIA pioneered GPU-accelerated computing. The company specializes in products and platforms for the major growing markets of gaming, professional visualization, data center and automotive. His creations are appreciated by the most demanding computer users in the world: gamers, designers and scientists. And his work is at the center of the most important technological megatrends.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.