Share on StockTwits

NVIDIA (NASDAQ:NVDA) CAO David M. Shannon sold 2,445 shares of the company’s stock on the open market in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $18.53, for a total transaction of $45,305.85. Following the transaction, the chief accounting officer now directly owns 240,917 shares of the company’s stock, valued at approximately $4,464,192. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NVIDIA (NASDAQ:NVDA) traded down 0.55% on Thursday, hitting $19.005. 6,657,739 shares of the company’s stock traded hands. NVIDIA has a 1-year low of $13.11 and a 1-year high of $19.73. The stock has a 50-day moving average of $18.92 and a 200-day moving average of $17.86. The company has a market cap of $10.604 billion and a P/E ratio of 22.43. NVIDIA also was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 43,087,529 shares, a decrease of 14.0% from the June 13th total of 50,079,140 shares. Approximately 8.2% of the shares of the company are sold short. Based on an average daily volume of 6,921,441 shares, the short-interest ratio is currently 6.2 days.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts expect that NVIDIA will post $0.94 EPS for the current fiscal year.

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, June 23rd. 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 issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.98.

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.