Nvidia Corp. (NVDA) Director Tench Coxe Sells 85,551 Shares
Nvidia Corp. (NASDAQ:NVDA) Director Tench Coxe sold 85,551 shares of Nvidia Corp. stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $68.75, for a total value of $5,881,631.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Tench Coxe also recently made the following trade(s):
- On Tuesday, September 27th, Tench Coxe sold 82,269 shares of Nvidia Corp. stock. The stock was sold at an average price of $65.74, for a total value of $5,408,364.06.
- On Wednesday, September 21st, Tench Coxe sold 40,000 shares of Nvidia Corp. stock. The stock was sold at an average price of $63.54, for a total value of $2,541,600.00.
- On Monday, September 19th, Tench Coxe sold 48,000 shares of Nvidia Corp. stock. The stock was sold at an average price of $63.66, for a total value of $3,055,680.00.
Nvidia Corp. (NASDAQ:NVDA) opened at 68.30 on Wednesday. The company’s 50 day moving average price is $63.30 and its 200-day moving average price is $49.53. Nvidia Corp. has a one year low of $24.75 and a one year high of $69.70. The company has a market cap of $36.54 billion, a P/E ratio of 44.88 and a beta of 1.25.
Nvidia Corp. (NASDAQ:NVDA) last released its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share (EPS) for the quarter, topping the 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 firm earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue was up 23.9% on a year-over-year basis. On average, analysts forecast that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Tuesday, August 23rd. Nvidia Corp.’s dividend payout ratio is currently 30.26%.
Several hedge funds have recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its stake in Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock valued at $107,000 after buying an additional 1,010 shares in the last quarter. Brick & Kyle Associates boosted its stake 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 in the last quarter. Compagnie Lombard Odier SCmA boosted its stake 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 stake in Nvidia Corp. during the second quarter valued at about $200,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Nvidia Corp. during the second quarter valued at about $201,000. Hedge funds and other institutional investors own 86.37% of the company’s stock.
Several equities research analysts recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $58.00 price objective on shares of Nvidia Corp. in a report on Wednesday, June 22nd. MKM Partners reissued a “buy” rating and issued a $52.00 price objective (up previously from $43.00) on shares of Nvidia Corp. in a report on Monday, June 13th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $58.60.
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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