Nvidia Corp. (NASDAQ:NVDA) Director Tench Coxe sold 85,551 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $68.75, for a total transaction of $5,881,631.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tench Coxe also recently made the following trade(s):

  • On Tuesday, September 27th, Tench Coxe sold 82,269 shares of Nvidia Corp. stock. The shares were sold at an average price of $65.74, for a total transaction of $5,408,364.06.
  • On Wednesday, September 21st, Tench Coxe sold 40,000 shares of Nvidia Corp. stock. The shares were sold at an average price of $63.54, for a total transaction of $2,541,600.00.
  • On Monday, September 19th, Tench Coxe sold 48,000 shares of Nvidia Corp. stock. The shares were sold at an average price of $63.66, for a total transaction of $3,055,680.00.

Nvidia Corp. (NASDAQ:NVDA) opened at 68.30 on Wednesday. The firm has a market capitalization of $36.54 billion, a P/E ratio of 44.88 and a beta of 1.25. The firm has a 50 day moving average of $63.30 and a 200 day moving average of $49.53. Nvidia Corp. has a 12-month low of $24.75 and a 12-month high of $69.70.

Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 11th. The computer hardware maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.37 by $0.16. The company earned $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. On average, analysts forecast that Nvidia Corp. will post $1.85 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Nvidia Corp. (NASDAQ:NVDA)

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, August 23rd. Nvidia Corp.’s dividend payout ratio (DPR) is 30.26%.

Several equities research analysts have weighed in on the stock. RBC Capital Markets upgraded shares of Nvidia Corp. from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $47.00 to $72.00 in a research report on Friday, August 12th. KeyCorp restated a “hold” rating on shares of Nvidia Corp. in a research report on Wednesday, July 6th. B. Riley restated a “buy” rating and issued a $64.50 price objective on shares of Nvidia Corp. in a research report on Wednesday, August 10th. Vetr cut shares of Nvidia Corp. from a “sell” rating to a “strong sell” rating and set a $49.47 price target for the company. in a research report on Monday, July 25th. Finally, Argus lifted their price target on shares of Nvidia Corp. from $54.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.60.

Several hedge funds have recently made changes to their positions in the company. Washington Trust Bank increased its stake in shares of Nvidia Corp. by 0.8% in the third quarter. Washington Trust Bank now owns 6,753 shares of the computer hardware maker’s stock valued at $463,000 after buying an additional 54 shares during the period. Atlantic Trust Group LLC increased its stake in shares of Nvidia Corp. by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 27,441 shares of the computer hardware maker’s stock valued at $1,289,000 after buying an additional 81 shares during the period. IFC Holdings Incorporated FL increased its stake in shares of Nvidia Corp. by 1.2% in the second quarter. IFC Holdings Incorporated FL now owns 8,639 shares of the computer hardware maker’s stock valued at $403,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc increased its stake in shares of Nvidia Corp. by 0.3% in the second quarter. Advantus Capital Management Inc now owns 50,125 shares of the computer hardware maker’s stock valued at $2,356,000 after buying an additional 131 shares during the period. Finally, Baker Avenue Asset Management LP increased its stake in shares of Nvidia Corp. by 0.6% in the first quarter. Baker Avenue Asset Management LP now owns 32,830 shares of the computer hardware maker’s stock valued at $1,170,000 after buying an additional 200 shares during the period. 86.37% of the stock is owned by institutional investors.

Nvidia Corp. 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.

5 Day Chart for NASDAQ:NVDA

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