NVIDIA Corporation (NASDAQ:NVDA) Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the sale, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,623,220.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NVIDIA Corporation (NASDAQ NVDA) traded down 1.19% during trading on Tuesday, hitting $170.30. The stock had a trading volume of 18,831,995 shares. NVIDIA Corporation has a 52-week low of $57.32 and a 52-week high of $174.56. The firm has a market cap of $101.33 billion, a PE ratio of 57.17 and a beta of 1.24. The company’s 50 day moving average is $158.02 and its 200 day moving average is $125.12.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business’s revenue was up 48.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Equities research analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current year.
Several research analysts recently issued reports on the company. UBS AG reaffirmed a “buy” rating and set a $132.00 target price on shares of NVIDIA Corporation in a research report on Monday, April 10th. B. Riley reaffirmed a “buy” rating and set a $135.00 target price on shares of NVIDIA Corporation in a research report on Monday, May 8th. BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $165.00 price objective (up previously from $130.00) on shares of NVIDIA Corporation in a research report on Monday, May 15th. Finally, Bank of America Corporation reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Monday. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $136.24.
Several institutional investors have recently bought and sold shares of NVDA. Newman Dignan & Sheerar Inc. bought a new position in NVIDIA Corporation during the second quarter worth $564,000. Wesbanco Bank Inc. bought a new position in NVIDIA Corporation during the second quarter worth $223,000. Good Life Advisors LLC boosted its position in NVIDIA Corporation by 6.3% in the second quarter. Good Life Advisors LLC now owns 3,396 shares of the computer hardware maker’s stock worth $521,000 after buying an additional 202 shares during the last quarter. Principal Financial Group Inc. boosted its position in NVIDIA Corporation by 4.5% in the second quarter. Principal Financial Group Inc. now owns 941,154 shares of the computer hardware maker’s stock worth $136,052,000 after buying an additional 40,169 shares during the last quarter. Finally, BKS Advisors LLC boosted its position in NVIDIA Corporation by 60.0% in the second quarter. BKS Advisors LLC now owns 3,200 shares of the computer hardware maker’s stock worth $463,000 after buying an additional 1,200 shares during the last quarter. 68.91% of the stock is owned by hedge funds and other institutional investors.
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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