NVIDIA Corporation (NASDAQ:NVDA) Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $130.02, for a total value of $325,050.00. Following the transaction, the director now directly owns 24,652 shares in the company, valued at approximately $3,205,253.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NVIDIA Corporation (NVDA) traded down 0.49% on Friday, hitting $151.62. 23,123,950 shares of the stock traded hands. The stock has a market cap of $90.21 billion, a P/E ratio of 50.90 and a beta of 1.24. NVIDIA Corporation has a 12-month low of $44.57 and a 12-month high of $168.50. The stock has a 50-day moving average price of $133.10 and a 200 day moving average price of $111.25.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 48.7% on a year-over-year basis. On average, equities analysts expect that NVIDIA Corporation will post $3.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, May 19th. NVIDIA Corporation’s payout ratio is currently 18.60%.
A number of brokerages recently commented on NVDA. Vetr upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.19 price objective for the company in a research report on Thursday, May 4th. Stifel Nicolaus lifted their price target on shares of NVIDIA Corporation from $90.00 to $93.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Rosenblatt Securities reiterated a “buy” rating and set a $140.00 price target on shares of NVIDIA Corporation in a research report on Friday, May 19th. Zacks Investment Research upgraded shares of NVIDIA Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Finally, B. Riley reiterated a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a research report on Wednesday, March 22nd. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. NVIDIA Corporation has a consensus rating of “Hold” and an average price target of $121.22.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of NVIDIA Corporation during the fourth quarter worth approximately $526,137,000. Baillie Gifford & Co. raised its stake in shares of NVIDIA Corporation by 36.7% in the fourth quarter. Baillie Gifford & Co. now owns 14,140,920 shares of the computer hardware maker’s stock worth $1,509,402,000 after buying an additional 3,795,368 shares in the last quarter. Jennison Associates LLC raised its stake in shares of NVIDIA Corporation by 36.6% in the third quarter. Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker’s stock worth $880,106,000 after buying an additional 3,441,948 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares in the last quarter. 70.08% of the stock is currently owned by hedge funds and other institutional investors.
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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