NVIDIA Corporation (NASDAQ:NVDA) Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the completion of the sale, the director now directly owns 48,069 shares in the company, valued at $7,798,714.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NVIDIA Corporation (NASDAQ NVDA) traded down 1.10% during mid-day trading on Wednesday, hitting $165.15. 14,900,791 shares of the stock were exchanged. NVIDIA Corporation has a 52 week low of $57.31 and a 52 week high of $174.56. The stock has a market capitalization of $98.59 billion, a price-to-earnings ratio of 47.50 and a beta of 1.24. The stock’s 50-day moving average is $160.33 and its 200-day moving average is $128.50.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $0.53 earnings per share. NVIDIA Corporation’s revenue for the quarter was up 56.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post $3.60 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.34%. NVIDIA Corporation’s payout ratio is 15.86%.

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Several equities research analysts recently commented on NVDA shares. Vetr cut shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 price objective on the stock. in a research report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $130.00 price objective on shares of NVIDIA Corporation in a research report on Tuesday, May 2nd. B. Riley reaffirmed a “buy” rating and issued a $135.00 price objective on shares of NVIDIA Corporation in a research report on Monday, May 8th. Citigroup Inc. reaffirmed a “buy” rating and issued a $145.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Finally, UBS AG reaffirmed a “buy” rating and issued a $132.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. NVIDIA Corporation has a consensus rating of “Hold” and an average target price of $145.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of NVIDIA Corporation by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares during the last quarter. Edgewood Management LLC increased its position in shares of NVIDIA Corporation by 21.9% in the first quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after buying an additional 1,074,303 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of NVIDIA Corporation by 8.8% in the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after buying an additional 463,306 shares during the last quarter. Janus Capital Management LLC increased its position in shares of NVIDIA Corporation by 20.0% in the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of NVIDIA Corporation by 19.3% in the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after buying an additional 768,200 shares during the last quarter. 68.55% of the stock is currently owned by institutional investors.

NVIDIA Corporation Company Profile

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)

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