NVIDIA Corporation (NASDAQ:NVDA) insider Jen Hsun Huang sold 110,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NVIDIA Corporation (NASDAQ:NVDA) traded down 1.73% during mid-day trading on Friday, reaching $163.69. 12,467,375 shares of the company’s stock traded hands. NVIDIA Corporation has a 12 month low of $57.31 and a 12 month high of $174.56. The firm’s 50-day moving average price is $165.56 and its 200 day moving average price is $134.40. The stock has a market capitalization of $98.21 billion, a PE ratio of 47.08 and a beta of 1.25.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. NVIDIA Corporation’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Equities research analysts predict that NVIDIA Corporation will post $3.60 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be paid a $0.14 dividend. The ex-dividend date 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 research firms have weighed in on NVDA. Vetr upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 target price for the company in a report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $140.00 price target on shares of NVIDIA Corporation in a report on Friday, May 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA Corporation in a report on Thursday, July 13th. BidaskClub downgraded shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of NVIDIA Corporation in a report on Friday, August 11th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $145.10.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Thompson Davis & CO. Inc. raised its stake in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after purchasing an additional 6 shares in the last quarter. Family Firm Inc. raised its stake in shares of NVIDIA Corporation by 0.7% in the second quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after purchasing an additional 13 shares in the last quarter. Appleton Partners Inc. MA raised its stake in shares of NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after purchasing an additional 30 shares in the last quarter. Carnegie Capital Asset Management LLC raised its stake in shares of NVIDIA Corporation by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after purchasing an additional 30 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in shares of NVIDIA Corporation by 1.8% in the second quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 65.85% 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)

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