NVIDIA Corporation (NASDAQ:NVDA) insider Michael Byron sold 9,538 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $179.80, for a total transaction of $1,714,932.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Michael Byron also recently made the following trade(s):

  • On Friday, September 1st, Michael Byron sold 409 shares of NVIDIA Corporation stock. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09.

Shares of NVIDIA Corporation (NVDA) traded up 0.84% on Wednesday, hitting $180.87. 10,688,960 shares of the company traded hands. The company has a market capitalization of $108.52 billion, a PE ratio of 52.02 and a beta of 1.28. The stock’s 50-day moving average price is $170.84 and its 200-day moving average price is $144.33. NVIDIA Corporation has a 12 month low of $63.70 and a 12 month high of $191.20.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 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 firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. NVIDIA Corporation’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, equities analysts predict that NVIDIA Corporation will post $3.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.31%. NVIDIA Corporation’s payout ratio is currently 15.86%.

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A number of analysts recently weighed in on NVDA shares. Vetr raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price objective on the stock in a research report on Monday, June 12th. Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective on the stock in a research report on Tuesday, July 11th. Canaccord Genuity reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA Corporation in a research report on Friday, September 8th. Mizuho reissued a “buy” rating and issued a $170.00 price objective (up from $145.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $154.62.

A number of institutional investors have recently made changes to their positions in NVDA. First National Trust Co. purchased a new position in NVIDIA Corporation during the 1st quarter worth $634,000. Baird Financial Group Inc. raised its position in NVIDIA Corporation by 159.9% during the 1st quarter. Baird Financial Group Inc. now owns 30,237 shares of the computer hardware maker’s stock worth $3,294,000 after buying an additional 18,602 shares during the last quarter. R. G. Niederhoffer Capital Management Inc. purchased a new position in NVIDIA Corporation during the 1st quarter worth $327,000. Penserra Capital Management LLC raised its position in NVIDIA Corporation by 2.4% during the 1st quarter. Penserra Capital Management LLC now owns 33,561 shares of the computer hardware maker’s stock worth $3,654,000 after buying an additional 787 shares during the last quarter. Finally, Independent Advisor Alliance raised its position in NVIDIA Corporation by 81.2% during the 1st quarter. Independent Advisor Alliance now owns 3,596 shares of the computer hardware maker’s stock worth $360,000 after buying an additional 1,611 shares during the last quarter. Institutional investors own 65.79% 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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