Nvidia Corp. (NVDA) Director Tench Coxe Sells 48,000 Shares
Nvidia Corp. (NASDAQ:NVDA) Director Tench Coxe sold 48,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $63.66, for a total transaction of $3,055,680.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Tench Coxe also recently made the following trade(s):
- On Wednesday, September 21st, Tench Coxe sold 40,000 shares of Nvidia Corp. stock. The shares were sold at an average price of $63.54, for a total transaction of $2,541,600.00.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 64.86 on Thursday. Nvidia Corp. has a 52-week low of $22.50 and a 52-week high of $65.26. The firm has a 50-day moving average of $61.39 and a 200 day moving average of $47.19. The stock has a market capitalization of $34.70 billion, a PE ratio of 42.61 and a beta of 1.26.
Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The company’s revenue was up 23.9% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Equities research analysts forecast that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, August 23rd. Nvidia Corp.’s payout ratio is 30.26%.
A number of brokerages have weighed in on NVDA. B. Riley reaffirmed a “buy” rating and set a $58.00 target price on shares of Nvidia Corp. in a research note on Wednesday, June 22nd. MKM Partners reaffirmed a “buy” rating and set a $52.00 target price (up previously from $43.00) on shares of Nvidia Corp. in a research note on Monday, June 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $57.20.
Institutional investors have recently bought and sold shares of the stock. Brick & Kyle Associates increased its position in Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock valued at $118,000 after buying an additional 502 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in Nvidia Corp. by 72.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 3,365 shares of the computer hardware maker’s stock valued at $159,000 after buying an additional 1,415 shares in the last quarter. Aviance Capital Management LLC acquired a new position in Nvidia Corp. during the second quarter valued at $200,000. Stratos Wealth Partners LTD. acquired a new position in Nvidia Corp. during the second quarter valued at $201,000. Finally, Broderick Brian C acquired a new position in Nvidia Corp. during the second quarter valued at $209,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.
About Nvidia Corp.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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