NVIDIA Corporation (NASDAQ:NVDA) CFO Colette Kress sold 171 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Colette Kress also recently made the following trade(s):
- On Monday, October 9th, Colette Kress sold 22,808 shares of NVIDIA stock. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48.
Shares of NVIDIA Corporation (NVDA) traded up $5.09 during mid-day trading on Friday, hitting $191.56. 16,090,200 shares of the stock were exchanged, compared to its average volume of 14,168,914. NVIDIA Corporation has a fifty-two week low of $95.17 and a fifty-two week 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 $113,000.82, a P/E ratio of 45.93, a PEG ratio of 4.34 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities analysts forecast that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio (DPR) is currently 14.89%.
Several hedge funds have recently modified their holdings of the company. Cibc World Markets Corp increased its stake in NVIDIA by 12.1% during the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after buying an additional 13,802 shares during the period. Meiji Yasuda Life Insurance Co increased its stake in NVIDIA by 9.9% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after buying an additional 1,000 shares during the period. Oppenheimer Asset Management Inc. increased its stake in NVIDIA by 17.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after buying an additional 2,836 shares during the period. Girard Partners LTD. increased its stake in NVIDIA by 7.7% during the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock worth $448,000 after buying an additional 221 shares during the period. Finally, SG Americas Securities LLC increased its stake in NVIDIA by 160.9% during the 3rd quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after buying an additional 120,734 shares during the period. 63.51% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $176.95 target price for the company in a report on Wednesday, September 6th. Citigroup reaffirmed a “buy” rating and issued a $210.00 target price (up from $185.00) on shares of NVIDIA in a report on Friday, September 29th. Bank of America set a $210.00 target price on shares of NVIDIA and gave the company a “buy” rating in a report on Thursday, October 12th. Loop Capital reaffirmed a “buy” rating and issued a $181.00 target price on shares of NVIDIA in a report on Tuesday, August 22nd. Finally, Needham & Company LLC upped their target price on shares of NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 13th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. NVIDIA has a consensus rating of “Buy” and a consensus price target of $187.38.
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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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