NVIDIA Corporation (NASDAQ:NVDA) Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $185.65, for a total transaction of $18,565,000.00. Following the completion of the sale, the director now owns 30,762 shares of the company’s stock, valued at approximately $5,710,965.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NVIDIA Corporation (NVDA) opened at 179.00 on Monday. The stock’s 50 day moving average is $167.68 and its 200-day moving average is $138.76. NVIDIA Corporation has a 1-year low of $63.53 and a 1-year high of $191.20. The stock has a market cap of $107.40 billion, a price-to-earnings ratio of 51.48 and a beta of 1.25.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company’s revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, analysts anticipate that NVIDIA Corporation will post $3.63 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.31%. NVIDIA Corporation’s payout ratio is currently 15.86%.

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A number of institutional investors have recently made changes to their positions in the business. Thompson Davis & CO. Inc. boosted its position in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Family Firm Inc. boosted its position in shares of NVIDIA Corporation by 0.7% in the second quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after acquiring an additional 13 shares during the period. Appleton Partners Inc. MA boosted its position in shares of NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after acquiring an additional 30 shares during the period. Carnegie Capital Asset Management LLC boosted its position in shares of NVIDIA Corporation by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after acquiring an additional 30 shares during the period. Finally, Pinebridge Investments L.P. boosted its position in shares of NVIDIA Corporation by 1.8% in the second quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after acquiring an additional 33 shares during the period. 65.79% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on NVDA. Vetr upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price target for the company in a report on Monday, June 12th. Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target for the company in a report on Tuesday, July 11th. Canaccord Genuity reiterated a “buy” rating on shares of NVIDIA Corporation in a report on Saturday, June 3rd. Mizuho reiterated a “buy” rating and issued a $170.00 price target (up previously from $145.00) on shares of NVIDIA Corporation in a report on Wednesday, June 28th. Finally, BidaskClub upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $147.22.

About NVIDIA Corporation

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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