Nvidia Corp. (NASDAQ:NVDA) Director Tench Coxe sold 82,269 shares of the stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $65.74, for a total value of $5,408,364.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Tench Coxe also recently made the following trade(s):
- On Wednesday, September 21st, Tench Coxe sold 40,000 shares of Nvidia Corp. stock. The shares were 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 shares were 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 67.40 on Friday. Nvidia Corp. has a 1-year low of $23.79 and a 1-year high of $67.61. The stock has a market capitalization of $36.06 billion, a price-to-earnings ratio of 44.28 and a beta of 1.26. The firm’s 50-day moving average price is $62.74 and its 200 day moving average price is $48.53.
Nvidia Corp. (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.16. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. Equities research analysts expect that Nvidia Corp. will post $1.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, August 23rd. Nvidia Corp.’s payout ratio is 30.26%.
Several institutional investors have recently modified their holdings of NVDA. Brick & Kyle Associates raised its position in shares of Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock valued at $118,000 after buying an additional 502 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of Nvidia Corp. by 72.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 3,365 shares of the computer hardware maker’s stock valued at $159,000 after buying an additional 1,415 shares during the period. Aviance Capital Management LLC acquired a new stake in shares of Nvidia Corp. during the second quarter valued at $200,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Nvidia Corp. during the second quarter valued at $201,000. Finally, Broderick Brian C acquired a new stake in shares of Nvidia Corp. during the second quarter valued at $209,000. 86.37% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on NVDA shares. Nomura reissued a “buy” rating and set a $62.50 price target on shares of Nvidia Corp. in a research note on Monday, September 12th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $72.00 price objective on shares of Nvidia Corp. in a research note on Wednesday, August 31st. Vetr raised Nvidia Corp. from a “hold” rating to a “buy” rating and set a $67.35 price objective for the company in a research note on Monday, September 5th. Jefferies Group raised their price objective on Nvidia Corp. from $56.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Nvidia Corp. in a research note on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.32.
Nvidia Corp. Company Profile
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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