NVIDIA Co. (NASDAQ:NVDA) Director Mark L. Perry sold 17,307 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $227.93, for a total value of $3,944,784.51. Following the completion of the sale, the director now owns 30,762 shares in the company, valued at approximately $7,011,582.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
NVIDIA Co. (NASDAQ:NVDA) traded up $4.60 during mid-day trading on Tuesday, hitting $232.63. The company had a trading volume of 15,614,759 shares, compared to its average volume of 16,640,000. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. The firm has a market cap of $140,970.00, a price-to-earnings ratio of 48.16, a PEG ratio of 4.83 and a beta of 1.43. NVIDIA Co. has a 1-year low of $95.17 and a 1-year high of $249.27.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The firm’s revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. research analysts predict that NVIDIA Co. will post 4.68 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Welch Investments LLC acquired a new position in NVIDIA in the 3rd quarter valued at $104,000. Country Trust Bank grew its holdings in NVIDIA by 490.0% in the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after buying an additional 490 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in NVIDIA in the 4th quarter valued at $116,000. North Star Investment Management Corp. grew its holdings in NVIDIA by 67.3% in the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after buying an additional 255 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in NVIDIA in the 4th quarter valued at $148,000. 62.70% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on the company. Goldman Sachs Group cut NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price on the stock. in a research note on Thursday, February 1st. Vetr cut NVIDIA from a “hold” rating to a “sell” rating and set a $234.76 target price on the stock. in a research note on Monday, January 29th. Zacks Investment Research upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 target price on the stock in a research note on Wednesday, January 24th. Nomura boosted their target price on NVIDIA to $225.00 and gave the company a “neutral” rating in a research note on Friday. Finally, SunTrust Banks restated a “buy” rating and issued a $305.00 target price (up previously from $253.00) on shares of NVIDIA in a research note on Friday. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $210.67.
COPYRIGHT VIOLATION WARNING: “NVIDIA Co. (NVDA) Director Mark L. Perry Sells 17,307 Shares” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/13/nvidia-co-nvda-director-mark-l-perry-sells-17307-shares.html.
NVIDIA 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.
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.