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NVIDIA (NASDAQ:NVDA) CAO David M. Shannon sold 2,445 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $18.72, for a total value of $45,770.40. Following the sale, the chief accounting officer now directly owns 240,917 shares of the company’s stock, valued at approximately $4,509,966. The transaction was disclosed in a filing with the SEC, which is available at this link.

NVDA has been the subject of a number of recent research reports. Analysts at Pacific Crest downgraded shares of NVIDIA from a “sector perform” rating to an “underperform” rating in a research note on Monday. Separately, analysts at Bank of America downgraded shares of NVIDIA from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 19th. They now have a $19.00 price target on the stock, down previously from $19.12. They noted that the move was a valuation call. Finally, analysts at Canaccord Genuity initiated coverage on shares of NVIDIA in a research note on Tuesday, June 10th. They set a “hold” rating and a $19.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.98.

Shares of NVIDIA (NASDAQ:NVDA) opened at 18.46 on Thursday. NVIDIA has a 52-week low of $13.11 and a 52-week high of $19.73. The stock’s 50-day moving average is $18.77 and its 200-day moving average is $17.61. The company has a market cap of $10.300 billion and a P/E ratio of 21.84. NVIDIA also was the target of some unusual options trading activity on Monday. Traders acquired 15,664 call options on the company. This represents an increase of approximately 141% compared to the average volume of 6,487 call options.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.12. The company had revenue of $1.10 million for the quarter, compared to the consensus estimate of $1.06 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts predict that NVIDIA will post $0.93 earnings per share for the current fiscal year.

NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).

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