NVIDIA Corporation (NASDAQ:NVDA) Director Harvey C. Jones sold 100,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the transaction, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,623,220.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 1.42% during mid-day trading on Tuesday, reaching $155.89. The company’s stock had a trading volume of 18,942,891 shares. NVIDIA Corporation has a 12 month low of $49.22 and a 12 month high of $168.50. The company has a 50-day moving average of $145.38 and a 200-day moving average of $115.28. The firm has a market cap of $92.75 billion, a PE ratio of 52.33 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.66 by $0.16. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The business’s quarterly revenue was up 48.7% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. On average, analysts predict that NVIDIA Corporation will post $3.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd were given a $0.14 dividend. The ex-dividend date was Friday, May 19th. This represents a $0.56 annualized dividend and a yield of 0.36%. NVIDIA Corporation’s dividend payout ratio is presently 18.60%.

TRADEMARK VIOLATION WARNING: “NVIDIA Corporation (NASDAQ:NVDA) Director Sells $15,029,000.00 in Stock” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2017/07/11/nvidia-corporation-nasdaqnvda-director-sells-15029000-00-in-stock.html.

Several research firms have recently weighed in on NVDA. BidaskClub upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective for the company in a research report on Tuesday. Jefferies Group LLC upgraded shares of NVIDIA Corporation to a “buy” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective (up previously from $130.00) on shares of NVIDIA Corporation in a research report on Monday. Finally, Bank of America Corporation restated a “buy” rating and set a $185.00 price objective on shares of NVIDIA Corporation in a research report on Thursday, July 6th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. NVIDIA Corporation has a consensus rating of “Hold” and an average target price of $129.58.

Institutional investors have recently bought and sold shares of the stock. Greenwich Wealth Management LLC increased its position in NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock valued at $6,039,000 after buying an additional 357 shares in the last quarter. Columbus Circle Investors purchased a new position in NVIDIA Corporation during the first quarter valued at approximately $8,530,000. Ameriprise Financial Inc. increased its position in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in NVIDIA Corporation during the first quarter valued at approximately $17,244,000. Finally, R. G. Niederhoffer Capital Management Inc. purchased a new position in NVIDIA Corporation during the first quarter valued at approximately $327,000. Hedge funds and other institutional investors own 70.08% of the company’s stock.

About NVIDIA Corporation

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Insider Buying and Selling by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.