NVIDIA Corporation (NASDAQ:NVDA) Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $162.24, for a total value of $2,641,429.44. Following the sale, the director now directly owns 48,069 shares of the company’s stock, valued at approximately $7,798,714.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NVIDIA Corporation (NASDAQ:NVDA) opened at 161.47 on Friday. NVIDIA Corporation has a 1-year low of $57.31 and a 1-year high of $174.56. The stock has a market cap of $96.40 billion, a price-to-earnings ratio of 46.44 and a beta of 1.24. The firm’s 50 day moving average price is $161.14 and its 200-day moving average price is $128.99.
NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Corporation will post $3.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.35%. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.
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Several large investors have recently made changes to their positions in NVDA. Anderson Hoagland & Co. increased its stake in shares of NVIDIA Corporation by 7.6% in the first quarter. Anderson Hoagland & Co. now owns 18,450 shares of the computer hardware maker’s stock valued at $2,010,000 after buying an additional 1,300 shares during the period. Glaxis Capital Management LLC acquired a new stake in shares of NVIDIA Corporation during the first quarter valued at $545,000. Columbus Circle Investors acquired a new stake in shares of NVIDIA Corporation during the first quarter valued at $8,530,000. Beech Hill Advisors Inc. acquired a new stake in shares of NVIDIA Corporation during the first quarter valued at $631,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of NVIDIA Corporation by 15.1% in the first quarter. Nisa Investment Advisors LLC now owns 149,072 shares of the computer hardware maker’s stock valued at $16,238,000 after buying an additional 19,575 shares during the period. Institutional investors and hedge funds own 68.55% of the company’s stock.
A number of research firms have recently weighed in on NVDA. B. Riley reaffirmed a “buy” rating and issued a $135.00 price objective on shares of NVIDIA Corporation in a research note on Monday, May 8th. UBS AG reaffirmed a “buy” rating and issued a $132.00 price objective on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $165.00 price objective (up previously from $130.00) on shares of NVIDIA Corporation in a research note on Monday, May 15th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of NVIDIA Corporation in a research note on Monday, July 3rd. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $105.00 price objective (up previously from $90.00) on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $145.00.
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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