Nvidia Corp. (NASDAQ:NVDA) CFO Colette Kress sold 37,804 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $68.60, for a total transaction of $2,593,354.40. Following the completion of the transaction, the chief financial officer now owns 444,812 shares of the company’s stock, valued at approximately $30,514,103.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Colette Kress also recently made the following trade(s):
- On Monday, August 29th, Colette Kress sold 38,039 shares of Nvidia Corp. stock. The shares were sold at an average price of $62.18, for a total transaction of $2,365,265.02.
Nvidia Corp. (NASDAQ:NVDA) opened at 66.85 on Monday. Nvidia Corp. has a 12 month low of $24.75 and a 12 month high of $69.70. The company has a market capitalization of $35.76 billion, a PE ratio of 43.92 and a beta of 1.25. The company has a 50-day moving average price of $63.78 and a 200 day moving average price of $50.03.
Nvidia Corp. (NASDAQ:NVDA) last released its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Nvidia Corp. had a return on equity of 20.86% and a net margin of 16.58%. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. On average, equities research analysts forecast that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Tuesday, August 23rd. Nvidia Corp.’s dividend payout ratio is currently 30.26%.
Large investors have recently made changes to their positions in the company. Jennison Associates LLC boosted its stake in shares of Nvidia Corp. by 568.9% in the second quarter. Jennison Associates LLC now owns 9,402,566 shares of the computer hardware maker’s stock worth $442,015,000 after buying an additional 7,996,913 shares in the last quarter. Capital World Investors bought a new stake in shares of Nvidia Corp. during the second quarter worth about $172,995,000. Egerton Capital UK LLP boosted its stake in shares of Nvidia Corp. by 51.6% in the second quarter. Egerton Capital UK LLP now owns 4,751,116 shares of the computer hardware maker’s stock worth $223,350,000 after buying an additional 1,616,816 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Nvidia Corp. by 93.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,256,177 shares of the computer hardware maker’s stock worth $153,075,000 after buying an additional 1,570,339 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in shares of Nvidia Corp. during the second quarter worth about $107,511,000. Institutional investors own 86.37% of the company’s stock.
A number of brokerages recently issued reports on NVDA. RBC Capital Markets upgraded shares of Nvidia Corp. from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $47.00 to $72.00 in a research report on Friday, August 12th. KeyCorp reissued a “hold” rating on shares of Nvidia Corp. in a report on Wednesday, July 6th. B. Riley reissued a “buy” rating and issued a $64.50 price target on shares of Nvidia Corp. in a report on Wednesday, August 10th. Vetr downgraded shares of Nvidia Corp. from a “sell” rating to a “strong sell” rating and set a $49.47 price target for the company. in a report on Monday, July 25th. Finally, Argus upped their price target on shares of Nvidia Corp. from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 15th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Nvidia Corp. has a consensus rating of “Hold” and a consensus price target of $58.60.
About Nvidia Corp.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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