NVIDIA Corporation (NVDA) Director Sells $3,201,600.00 in Stock
NVIDIA Corporation (NASDAQ:NVDA) Director Dawn E. Hudson sold 15,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $213.44, for a total value of $3,201,600.00. Following the completion of the transaction, the director now owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NVIDIA Corporation (NVDA) opened at $211.61 on Friday. NVIDIA Corporation has a 12-month low of $84.77 and a 12-month high of $218.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The stock has a market cap of $125,988.00, a P/E ratio of 51.72, a PEG ratio of 4.54 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm earned $0.94 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. sell-side analysts anticipate that NVIDIA Corporation will post 4.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend 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 (DPR) is presently 13.90%.
Hedge funds have recently bought and sold shares of the company. Welch Investments LLC acquired a new stake in shares of NVIDIA Corporation during the 3rd quarter valued at approximately $104,000. Evercore Wealth Management LLC lifted its position in shares of NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of NVIDIA Corporation during the 2nd quarter valued at approximately $116,000. Thompson Davis & CO. Inc. lifted its position in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Finally, Edge Advisors LLC lifted its position in shares of NVIDIA Corporation by 98.8% during the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the period. Institutional investors own 65.40% of the company’s stock.
Several research analysts recently weighed in on NVDA shares. Bank of America Corporation set a $210.00 price objective on NVIDIA Corporation and gave the stock a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA Corporation in a research report on Friday, September 8th. BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) increased their price objective on NVIDIA Corporation from $193.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Evercore ISI increased their price objective on NVIDIA Corporation from $180.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $185.93.
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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