Nvidia Corp. (NASDAQ:NVDA) Director Tench Coxe sold 40,000 shares of Nvidia Corp. stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $63.54, for a total value of $2,541,600.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Tench Coxe also recently made the following trade(s):
- On Monday, September 19th, Tench Coxe sold 48,000 shares of Nvidia Corp. stock. The stock was sold at an average price of $63.66, for a total value of $3,055,680.00.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 64.95 on Monday. The firm has a 50-day moving average price of $61.87 and a 200-day moving average price of $47.55. Nvidia Corp. has a 52-week low of $23.15 and a 52-week high of $65.44. The firm has a market cap of $34.75 billion, a price-to-earnings ratio of 42.67 and a beta of 1.26.
Nvidia Corp. (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.16. The company earned $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. Nvidia Corp.’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. Analysts predict that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, August 23rd. Nvidia Corp.’s dividend payout ratio is currently 30.26%.
Several equities analysts have recently commented on NVDA shares. Wells Fargo & Co. lowered Nvidia Corp. from a “market perform” rating to an “underperform” rating and raised their price target for the company from $19.09 to $46.70 in a research note on Friday, July 15th. Vetr lowered Nvidia Corp. from a “hold” rating to a “sell” rating and set a $48.46 target price on the stock. in a research note on Monday, July 11th. Pacific Crest reiterated a “hold” rating on shares of Nvidia Corp. in a research note on Friday, August 5th. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 target price on shares of Nvidia Corp. in a research note on Monday, August 29th. Finally, Summit Redstone started coverage on Nvidia Corp. in a research note on Wednesday, August 31st. They issued a “buy” rating and a $68.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the stock. Nvidia Corp. has an average rating of “Buy” and a consensus target price of $58.27.
Several large investors have recently made changes to their positions in the stock. Jennison Associates LLC increased its stake in shares of Nvidia Corp. by 568.9% in the second quarter. Jennison Associates LLC now owns 9,402,566 shares of the computer hardware maker’s stock worth $442,015,000 after buying an additional 7,996,913 shares in the last quarter. Norges Bank acquired a new stake in shares of Nvidia Corp. during the fourth quarter worth approximately $169,615,000. Capital World Investors acquired a new stake in shares of Nvidia Corp. during the second quarter worth approximately $172,995,000. Egerton Capital UK LLP increased its stake in shares of Nvidia Corp. by 51.6% in the second quarter. Egerton Capital UK LLP now owns 4,751,116 shares of the computer hardware maker’s stock worth $223,350,000 after buying an additional 1,616,816 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Nvidia Corp. by 93.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,256,177 shares of the computer hardware maker’s stock worth $153,075,000 after buying an additional 1,570,339 shares in the last quarter. 86.37% of the stock is owned by institutional investors and hedge funds.
About Nvidia Corp.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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