NVIDIA EVP Sells $914,847 in Stock (NVDA)
NVIDIA (NASDAQ:NVDA) EVP Ajay K. Puri sold 48,226 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $18.97, for a total value of $914,847.22. Following the completion of the sale, the executive vice president now directly owns 185,027 shares in the company, valued at approximately $3,509,962. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NVIDIA (NASDAQ:NVDA) traded down 0.16% on Wednesday, hitting $18.71. The stock had a trading volume of 9,022,436 shares. NVIDIA has a 1-year low of $12.04 and a 1-year high of $19.05. The stock has a 50-day moving average of $16.49 and a 200-day moving average of $15.68. The company has a market cap of $10.636 billion and a price-to-earnings ratio of 25.32.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.14. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that NVIDIA will post $0.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 20th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, February 25th.
A number of analysts have recently weighed in on NVDA shares. Analysts at Thomson Reuters/Verus upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Monday. Separately, analysts at Barclays raised their price target on shares of NVIDIA from $13.00 to $15.00 in a research note on Thursday, February 13th. They now have an “equal weight” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of NVIDIA to $15.00 in a research note on Thursday, February 13th. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.86.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.