Dawn E. Hudson Sells 15,000 Shares of NVIDIA Corporation (NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA) Director Dawn E. Hudson sold 15,000 shares of NVIDIA Corporation stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the completion of the sale, the director now owns 46,868 shares in the company, valued at $10,003,505.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $209.98 on Thursday. NVIDIA Corporation has a twelve month low of $84.77 and a twelve month high of $218.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The company has a market cap of $128,507.99, a PE ratio of 52.75, a PEG ratio of 4.64 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. NVIDIA Corporation’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. sell-side analysts expect that NVIDIA Corporation will post 4.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s payout ratio is 13.90%.

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A number of analysts have issued reports on the stock. Vetr upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $176.95 price target on the stock in a report on Wednesday, September 6th. Needham & Company LLC reiterated a “buy” rating on shares of NVIDIA Corporation in a report on Friday, August 11th. Citigroup Inc. reiterated a “buy” rating and issued a $210.00 price target (up from $185.00) on shares of NVIDIA Corporation in a report on Friday, September 29th. Bank of America Corporation set a $210.00 price target on shares of NVIDIA Corporation and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $180.00 price target on shares of NVIDIA Corporation in a report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $185.93.

Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. Janus Henderson Group PLC raised its stake in shares of NVIDIA Corporation by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after acquiring an additional 4,022,728 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after acquiring an additional 2,676,976 shares in the last quarter. Jackson Square Partners LLC bought a new position in shares of NVIDIA Corporation during the 2nd quarter worth approximately $229,323,000. Janus Capital Management LLC raised its stake in shares of NVIDIA Corporation by 20.0% during the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after acquiring an additional 895,591 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of NVIDIA Corporation by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after acquiring an additional 768,200 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

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.

Insider Buying and Selling by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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