Nvidia Corp. (NASDAQ:NVDA) Director Persis Drell sold 2,361 shares of the company’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $66.58, for a total transaction of $157,195.38. Following the sale, the director now directly owns 27,152 shares of the company’s stock, valued at approximately $1,807,780.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 65.61 on Tuesday. The stock has a market capitalization of $35.10 billion, a PE ratio of 43.11 and a beta of 1.25. The stock has a 50 day moving average price of $64.45 and a 200-day moving average price of $51.48. Nvidia Corp. has a 52-week low of $24.75 and a 52-week high of $69.70.

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Washington Trust Bank increased its position in Nvidia Corp. by 0.8% in the third quarter. Washington Trust Bank now owns 6,753 shares of the computer hardware maker’s stock worth $463,000 after buying an additional 54 shares during the last quarter. Atlantic Trust Group LLC increased its position in 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 worth $1,289,000 after buying an additional 81 shares during the last quarter. IFC Holdings Incorporated FL increased its position in 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 worth $403,000 after buying an additional 100 shares during the last quarter. Koshinski Asset Management Inc. increased its position in Nvidia Corp. by 2.4% in the third quarter. Koshinski Asset Management Inc. now owns 5,234 shares of the computer hardware maker’s stock worth $359,000 after buying an additional 122 shares during the last quarter. Finally, Advantus Capital Management Inc increased its position in 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 worth $2,356,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 86.29% of the company’s stock.

Several research firms recently issued reports on NVDA. Vetr lowered shares of Nvidia Corp. from a “buy” rating to a “hold” rating and set a $65.46 target price for the company. in a report on Monday. Bank of America Corp. restated a “buy” rating and issued a $80.00 price target on shares of Nvidia Corp. in a research note on Wednesday, October 12th. Wells Fargo & Co. restated an “underperform” rating on shares of Nvidia Corp. in a research note on Friday, September 30th. Susquehanna started coverage on Nvidia Corp. in a research note on Tuesday, September 20th. They issued a “neutral” rating and a $66.00 price target for the company. Finally, SunTrust Banks Inc. started coverage on Nvidia Corp. in a research note on Monday, September 19th. They issued a “neutral” rating and a $59.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.45.

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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