Jen Hsun Huang Sells 41,666 Shares of Nvidia Corp. (NVDA) Stock
Nvidia Corp. (NASDAQ:NVDA) insider Jen Hsun Huang sold 41,666 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $66.42, for a total value of $2,767,455.72. Following the completion of the transaction, the insider now owns 1,751,872 shares of the company’s stock, valued at $116,359,338.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Jen Hsun Huang also recently made the following trade(s):
- On Tuesday, September 6th, Jen Hsun Huang sold 43,727 shares of Nvidia Corp. stock. The stock was sold at an average price of $62.81, for a total value of $2,746,492.87.
- On Wednesday, August 10th, Jen Hsun Huang sold 40,000 shares of Nvidia Corp. stock. The stock was sold at an average price of $58.66, for a total value of $2,346,400.00.
Nvidia Corp. (NASDAQ:NVDA) opened at 65.35 on Friday. Nvidia Corp. has a 12 month low of $24.75 and a 12 month high of $69.70. The company has a market cap of $34.96 billion, a P/E ratio of 42.94 and a beta of 1.25. The stock has a 50 day moving average of $64.22 and a 200-day moving average of $50.82.
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Nvidia Corp. (NASDAQ:NVDA) last issued its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. Equities research analysts expect that Nvidia Corp. will post $1.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 25th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.70%. Nvidia Corp.’s dividend payout ratio is presently 30.26%.
Several research analysts have weighed in on NVDA shares. Jefferies Group upped their price target on Nvidia Corp. from $56.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. RBC Capital Markets restated an “outperform” rating and issued a $72.00 price target on shares of Nvidia Corp. in a research note on Wednesday, August 31st. B. Riley restated a “buy” rating and issued a $58.00 price target on shares of Nvidia Corp. in a research note on Monday, July 11th. Goldman Sachs Group Inc. upped their price target on Nvidia Corp. to $70.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $59.00 target price on shares of Nvidia Corp. in a research report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have given a buy rating to the stock. Nvidia Corp. currently has an average rating of “Buy” and an average target price of $58.59.
A number of institutional investors have recently modified their holdings of NVDA. Highland Capital Management LLC acquired a new position in shares of Nvidia Corp. during the third quarter worth $2,928,000. Gulf International Bank UK Ltd raised its position in shares of Nvidia Corp. by 1.0% in the third quarter. Gulf International Bank UK Ltd now owns 165,825 shares of the computer hardware maker’s stock worth $11,362,000 after buying an additional 1,700 shares in the last quarter. Hollencrest Securities LLC raised its position in shares of Nvidia Corp. by 23.0% in the third quarter. Hollencrest Securities LLC now owns 6,412 shares of the computer hardware maker’s stock worth $440,000 after buying an additional 1,201 shares in the last quarter. Prospera Financial Services Inc acquired a new position in shares of Nvidia Corp. during the third quarter worth $312,000. Finally, Morgens Waterfall Vintiadis & Co. Inc. raised its position in shares of Nvidia Corp. by 59.3% in the third quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 43,000 shares of the computer hardware maker’s stock worth $2,946,000 after buying an additional 16,000 shares in the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.
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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