NVIDIA Corporation (NASDAQ:NVDA) EVP Debora Shoquist sold 33,498 shares of NVIDIA Corporation stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NVIDIA Corporation (NASDAQ NVDA) traded up 1.06% during mid-day trading on Wednesday, hitting $190.94. 13,226,630 shares of the stock were exchanged. The firm has a market capitalization of $114.56 billion, a price-to-earnings ratio of 54.92 and a beta of 1.28. NVIDIA Corporation has a 52 week low of $63.70 and a 52 week high of $192.95. The company’s 50-day moving average price is $173.78 and its 200 day moving average price is $147.08.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 56.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post $3.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were issued a $0.14 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.29%. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 15.86%.
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Several institutional investors have recently bought and sold shares of NVDA. Evercore Wealth Management LLC boosted its stake in shares of NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after purchasing an additional 206 shares during the period. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the 2nd quarter worth about $116,000. Proficio Capital Partners LLC boosted its stake in shares of NVIDIA Corporation by 186.1% during the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after purchasing an additional 547 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after purchasing an additional 6 shares during the period. Finally, Hanson McClain Inc. boosted its stake in shares of NVIDIA Corporation by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 65.79% of the company’s stock.
NVDA has been the topic of a number of research analyst reports. Vetr upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 target price on the stock in a research note on Wednesday, September 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA Corporation in a research note on Thursday, July 13th. BidaskClub downgraded NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Needham & Company LLC restated a “buy” rating on shares of NVIDIA Corporation in a research note on Friday, August 11th. Finally, Citigroup Inc. restated a “buy” rating and issued a $210.00 target price (up previously from $185.00) on shares of NVIDIA Corporation in a research note on Friday, September 29th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $156.80.
NVIDIA Corporation Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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