NVIDIA Corporation (NVDA) Director Sells 1,029 Shares
NVIDIA Corporation (NASDAQ:NVDA) Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the transaction, the director now directly owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A Brooke Seawell also recently made the following trade(s):
- On Friday, September 1st, A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock. The shares were sold at an average price of $170.19, for a total value of $5,105,700.00.
NVIDIA Corporation (NASDAQ NVDA) traded down $1.12 during trading on Wednesday, hitting $214.93. 8,912,234 shares of the stock traded hands, compared to its average volume of 17,555,986. The firm has a market capitalization of $128,960.00, a price-to-earnings ratio of 52.73, a P/E/G ratio of 4.63 and a beta of 1.23. NVIDIA Corporation has a 52 week low of $84.77 and a 52 week high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business’s revenue was up 31.5% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. sell-side analysts forecast that NVIDIA Corporation will post 4.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio is 14.00%.
A number of research firms have commented on NVDA. B. Riley reissued a “buy” rating and issued a $200.00 target price on shares of NVIDIA Corporation in a report on Sunday, August 13th. Stifel Nicolaus restated a “hold” rating and issued a $110.00 price target on shares of NVIDIA Corporation in a research note on Friday, August 11th. MKM Partners raised their price target on NVIDIA Corporation and gave the stock a “neutral” rating in a research note on Friday, November 10th. Instinet restated a “reduce” rating and issued a $110.00 price target (up from $90.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Finally, Vetr downgraded NVIDIA Corporation from a “strong-buy” rating to a “hold” rating and set a $173.32 price target on the stock. in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $186.85.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cibc World Markets Corp lifted its position in shares of NVIDIA Corporation by 12.1% in the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after buying an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its position in shares of NVIDIA Corporation by 9.9% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after buying an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of NVIDIA Corporation by 17.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after buying an additional 2,836 shares during the last quarter. D. Scott Neal Inc. bought a new position in shares of NVIDIA Corporation in the 2nd quarter worth about $258,000. Finally, Girard Partners LTD. lifted its position in shares of NVIDIA Corporation by 7.7% in the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock worth $448,000 after buying an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 65.28% of the company’s stock.
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.
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