NVIDIA Corporation (NVDA) Insider Sells $4,280,764.84 in Stock
NVIDIA Corporation (NASDAQ:NVDA) insider Jen Hsun Huang sold 41,666 shares of the business’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $102.74, for a total value of $4,280,764.84. Following the completion of the transaction, the insider now directly owns 1,751,872 shares in the company, valued at approximately $179,987,329.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NVIDIA Corporation (NASDAQ:NVDA) opened at 103.43 on Friday. The company’s 50-day moving average price is $98.52 and its 200 day moving average price is $70.73. NVIDIA Corporation has a 12 month low of $24.75 and a 12 month high of $119.93. The firm has a market capitalization of $55.75 billion, a PE ratio of 52.85 and a beta of 1.31.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.37. NVIDIA Corporation had a return on equity of 26.82% and a net margin of 19.52%. The business earned $2 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company posted $0.44 EPS. The firm’s revenue was up 53.6% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Corporation will post $2.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Monday, November 28th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.54%. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, November 23rd. NVIDIA Corporation’s payout ratio is presently 29.32%.
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A number of hedge funds have recently modified their holdings of NVDA. NN Investment Partners Holdings N.V. raised its stake in shares of NVIDIA Corporation by 315.4% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 14,443 shares of the computer hardware maker’s stock worth $1,542,000 after buying an additional 10,966 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of NVIDIA Corporation during the third quarter worth approximately $260,000. D.A. Davidson & CO. raised its stake in shares of NVIDIA Corporation by 45.8% in the third quarter. D.A. Davidson & CO. now owns 6,286 shares of the computer hardware maker’s stock worth $429,000 after buying an additional 1,975 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of NVIDIA Corporation during the third quarter worth approximately $6,101,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of NVIDIA Corporation by 8.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,017,056 shares of the computer hardware maker’s stock worth $69,689,000 after buying an additional 76,670 shares during the last quarter. 84.12% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on the company. Argus boosted their price objective on NVIDIA Corporation from $95.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 28th. Vetr raised NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $126.49 price objective on the stock in a research note on Thursday, December 29th. S&P Equity Research reduced their price objective on NVIDIA Corporation from $90.00 to $24.75 in a research note on Thursday, December 29th. KeyCorp reissued an “equal weight” rating on shares of NVIDIA Corporation in a research note on Thursday, December 29th. Finally, Canaccord Genuity boosted their price objective on NVIDIA Corporation from $97.50 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $82.88.
NVIDIA Corporation Company Profile
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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