NVIDIA Corporation (NASDAQ:NVDA) Director Dawn E. Hudson sold 15,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the transaction, the director now directly owns 46,868 shares in the company, valued at approximately $10,003,505.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down $3.51 during mid-day trading on Tuesday, hitting $212.63. The stock had a trading volume of 14,559,400 shares, compared to its average volume of 17,758,639. NVIDIA Corporation has a 1 year low of $83.62 and a 1 year high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $128,110.00, a PE ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was up 31.5% compared to the same quarter last year. research analysts forecast that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s payout ratio is 14.00%.
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Several hedge funds have recently modified their holdings of the company. Welch Investments LLC bought a new stake in NVIDIA Corporation during the third quarter worth approximately $104,000. Evercore Wealth Management LLC increased its stake in NVIDIA Corporation by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in NVIDIA Corporation during the second quarter worth approximately $116,000. Proficio Capital Partners LLC increased its stake in NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after acquiring an additional 547 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased its stake in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. SunTrust Banks, Inc. boosted their price objective on NVIDIA Corporation to $253.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of NVIDIA Corporation in a research note on Friday. Bank of America Corporation boosted their price objective on NVIDIA Corporation from $210.00 to $251.00 and gave the company a “buy” rating in a research note on Friday. Barclays PLC upped their target price on NVIDIA Corporation from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Raymond James Financial, Inc. upped their target price on NVIDIA Corporation and gave the stock an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price 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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