NVIDIA Co. (NASDAQ:NVDA) Director Michael G. Mccaffery sold 2,361 shares of NVIDIA stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $166.00, for a total transaction of $391,926.00. Following the sale, the director now owns 16,431 shares in the company, valued at $2,727,546. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
NVIDIA stock traded down $2.33 during mid-day trading on Friday, hitting $181.94. 7,467,510 shares of the stock were exchanged, compared to its average volume of 10,494,734. The firm’s fifty day simple moving average is $166.12 and its two-hundred day simple moving average is $165.69. The stock has a market capitalization of $112.26 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 4.73 and a beta of 2.07. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business posted $1.94 EPS. NVIDIA’s revenue for the quarter was down 17.4% compared to the same quarter last year. As a group, analysts forecast that NVIDIA Co. will post 4.08 earnings per share for the current fiscal year.The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s dividend payout ratio is 10.54%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pacific Center for Financial Services boosted its holdings in shares of NVIDIA by 143.1% in the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after buying an additional 93 shares during the last quarter. LLBH Private Wealth Management LLC purchased a new position in shares of NVIDIA in the 2nd quarter worth about $27,000. Thor Advisors LLC purchased a new position in shares of NVIDIA in the 1st quarter worth about $29,000. Harvest Group Wealth Management LLC purchased a new position in shares of NVIDIA in the 1st quarter worth about $30,000. Finally, Field & Main Bank purchased a new position in shares of NVIDIA in the 2nd quarter worth about $33,000. 64.51% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the stock. Nomura restated a “hold” rating on shares of NVIDIA in a research report on Friday, August 23rd. Benchmark reissued a “buy” rating and set a $210.00 price target on shares of NVIDIA in a research note on Wednesday, August 21st. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price target on shares of NVIDIA in a research note on Friday, August 16th. Needham & Company LLC restated a “sell” rating on shares of NVIDIA in a report on Friday, August 16th. Finally, Summit Redstone cut shares of NVIDIA to a “hold” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $190.40.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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