Michael Byron Sells 409 Shares of NVIDIA Corporation (NVDA) Stock
NVIDIA Corporation (NASDAQ:NVDA) insider Michael Byron sold 409 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the sale, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down 1.722% during trading on Friday, reaching $163.711. 4,172,987 shares of the company’s stock traded hands. NVIDIA Corporation has a one year low of $57.32 and a one year high of $174.56. The stock has a market cap of $98.23 billion, a P/E ratio of 47.084 and a beta of 1.25. The company has a 50 day moving average price of $165.56 and a 200-day moving average price of $134.40.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. On average, equities research analysts expect that NVIDIA Corporation will post $3.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.34%. NVIDIA Corporation’s payout ratio is 15.86%.
Several hedge funds and other institutional investors have recently modified their holdings of NVDA. State of Alaska Department of Revenue acquired a new stake in shares of NVIDIA Corporation during the 1st quarter worth approximately $182,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of NVIDIA Corporation during the 1st quarter valued at approximately $388,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of NVIDIA Corporation by 15.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 117,728 shares of the computer hardware maker’s stock valued at $12,824,000 after buying an additional 15,871 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of NVIDIA Corporation by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 435,443 shares of the computer hardware maker’s stock valued at $47,383,000 after buying an additional 3,451 shares in the last quarter. Finally, PBWM Holdings LLC purchased a new position in shares of NVIDIA Corporation during the 1st quarter valued at approximately $237,000. 65.85% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the stock. UBS AG reaffirmed a “buy” rating and issued a $148.00 target price (up from $135.00) on shares of NVIDIA Corporation in a research report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $165.00 target price (up from $130.00) on shares of NVIDIA Corporation in a research report on Monday, May 15th. B. Riley reaffirmed a “buy” rating and issued a $135.00 target price on shares of NVIDIA Corporation in a research report on Saturday, May 13th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of NVIDIA Corporation in a research report on Monday, July 3rd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $122.00 target price on shares of NVIDIA Corporation in a research report on Monday, May 15th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. NVIDIA Corporation currently has an average rating of “Hold” and a consensus price target of $145.10.
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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