Nvidia Corp. (NVDA) Director Tench Coxe Sells 82,269 Shares
Nvidia Corp. (NASDAQ:NVDA) Director Tench Coxe sold 82,269 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $65.74, for a total transaction of $5,408,364.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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.
- On Monday, September 19th, Tench Coxe sold 48,000 shares of Nvidia Corp. stock. The shares were sold at an average price of $63.66, for a total transaction of $3,055,680.00.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 66.78 on Thursday. The firm has a market capitalization of $35.73 billion, a P/E ratio of 43.88 and a beta of 1.26. Nvidia Corp. has a 12 month low of $23.47 and a 12 month high of $66.83. The company has a 50 day moving average of $62.49 and a 200-day moving average of $48.39.
Nvidia Corp. (NASDAQ:NVDA) last announced its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue was up 23.9% on a year-over-year basis. Analysts predict that Nvidia Corp. will post $1.85 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, August 23rd. Nvidia Corp.’s payout ratio is presently 30.26%.
A number of hedge funds have recently made changes to their positions in NVDA. Glenmede Trust Co. NA boosted its stake in shares of Nvidia Corp. by 12.5% in the first quarter. Glenmede Trust Co. NA now owns 191,249 shares of the computer hardware maker’s stock valued at $6,812,000 after buying an additional 21,192 shares during the last quarter. Commonwealth Equity Services Inc raised its position in shares of Nvidia Corp. by 23.6% in the first quarter. Commonwealth Equity Services Inc now owns 58,530 shares of the computer hardware maker’s stock valued at $2,085,000 after buying an additional 11,188 shares during the period. Aperio Group LLC raised its position in shares of Nvidia Corp. by 23.3% in the first quarter. Aperio Group LLC now owns 199,744 shares of the computer hardware maker’s stock valued at $7,117,000 after buying an additional 37,783 shares during the period. Nisa Investment Advisors L.L.C. raised its position in shares of Nvidia Corp. by 1.3% in the first quarter. Nisa Investment Advisors L.L.C. now owns 137,401 shares of the computer hardware maker’s stock valued at $4,896,000 after buying an additional 1,700 shares during the period. Finally, CIBC World Markets Inc. raised its position in shares of Nvidia Corp. by 6.5% in the first quarter. CIBC World Markets Inc. now owns 42,952 shares of the computer hardware maker’s stock valued at $1,530,000 after buying an additional 2,640 shares during the period. Institutional investors and hedge funds own 86.37% of the company’s stock.
Several equities research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and issued a $58.00 price target on shares of Nvidia Corp. in a report on Monday, July 11th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Nvidia Corp. in a report on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $58.27.
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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