NVIDIA Co. (NASDAQ:NVDA) Director James C. Gaither sold 40,359 shares of NVIDIA stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total value of $9,914,995.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NVIDIA Co. (NASDAQ:NVDA) traded up $5.24 during mid-day trading on Tuesday, hitting $249.08. The company’s stock had a trading volume of 17,135,155 shares, compared to its average volume of 17,120,000. NVIDIA Co. has a twelve month low of $95.17 and a twelve month high of $251.87. The stock has a market cap of $150,940.00, a PE ratio of 51.57, a price-to-earnings-growth ratio of 3.82 and a beta of 1.43. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. analysts forecast that NVIDIA Co. will post 6.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio is 12.42%.
A number of analysts have issued reports on NVDA shares. Jefferies Group lifted their price objective on NVIDIA from $180.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Vetr raised NVIDIA from a “hold” rating to a “buy” rating and set a $203.56 price objective on the stock in a research note on Wednesday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 price objective (up previously from $220.00) on shares of NVIDIA in a research note on Monday, October 30th. B. Riley boosted their target price on NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Morgan Stanley boosted their target price on NVIDIA from $168.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $210.97.
Several hedge funds have recently modified their holdings of NVDA. SB Investment Advisers UK Ltd. purchased a new stake in shares of NVIDIA in the 4th quarter worth $5,200,218,000. Whale Rock Capital Management LLC purchased a new stake in shares of NVIDIA during the 3rd quarter worth $93,171,000. Geode Capital Management LLC lifted its stake in shares of NVIDIA by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock worth $1,389,500,000 after purchasing an additional 512,166 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in shares of NVIDIA by 71.3% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock worth $199,046,000 after purchasing an additional 428,046 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC lifted its stake in shares of NVIDIA by 957.5% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock worth $70,000,000 after purchasing an additional 354,537 shares during the last quarter. Institutional investors and hedge funds own 61.46% of the company’s stock.
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NVIDIA 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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