Nvidia Corp. (NASDAQ:NVDA) Director Tench Coxe sold 85,551 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $68.75, for a total value of $5,881,631.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Tench Coxe also recently made the following trade(s):
- On Tuesday, September 27th, Tench Coxe sold 82,269 shares of Nvidia Corp. stock. The stock was sold at an average price of $65.74, for a total value of $5,408,364.06.
- On Wednesday, September 21st, Tench Coxe sold 40,000 shares of Nvidia Corp. stock. The stock was sold at an average price of $63.54, for a total value of $2,541,600.00.
- 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 66.85 on Monday. The firm has a market capitalization of $35.76 billion, a price-to-earnings ratio of 43.92 and a beta of 1.25. The stock has a 50 day moving average price of $63.78 and a 200-day moving average price of $50.03. Nvidia Corp. has a 52 week low of $24.75 and a 52 week high of $69.70.
Nvidia Corp. (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. The business 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%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. On average, equities research analysts forecast that Nvidia Corp. will post $1.85 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were paid a $0.115 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $0.46 annualized dividend and a yield of 0.69%. Nvidia Corp.’s dividend payout ratio (DPR) is presently 30.26%.
NVDA has been the topic of several recent analyst reports. Bank of America Corp. restated a “buy” rating and set a $80.00 price objective on shares of Nvidia Corp. in a report on Monday, October 3rd. Nomura restated a “buy” rating and set a $62.50 price objective on shares of Nvidia Corp. in a report on Monday, September 12th. RBC Capital Markets restated an “outperform” rating and set a $72.00 price objective on shares of Nvidia Corp. in a report on Wednesday, August 31st. Vetr upgraded Nvidia Corp. from a “hold” rating to a “buy” rating and set a $67.35 price objective on the stock in a report on Monday, September 5th. Finally, Wells Fargo & Co. reiterated an “underperform” rating on shares of Nvidia Corp. in a report on Friday, September 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have issued a buy rating to the stock. Nvidia Corp. has an average rating of “Hold” and a consensus target price of $58.60.
A number of hedge funds have recently added to or reduced their stakes in NVDA. Jennison Associates LLC increased its stake in 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 valued at $442,015,000 after buying an additional 7,996,913 shares during the period. Capital World Investors purchased a new stake in Nvidia Corp. during the second quarter valued at about $172,995,000. Egerton Capital UK LLP increased its stake in 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 valued at $223,350,000 after buying an additional 1,616,816 shares during the period. UBS Asset Management Americas Inc. increased its stake in 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 valued at $153,075,000 after buying an additional 1,570,339 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in Nvidia Corp. during the second quarter valued at about $107,511,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
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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