NVIDIA Corporation (NASDAQ:NVDA) Director Sells $15,029,000.00 in Stock
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%.
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.
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.