NVIDIA Co. (NASDAQ:NVDA) Director Persis Drell sold 2,500 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $167.36, for a total transaction of $418,400.00. Following the completion of the sale, the director now directly owns 18,184 shares in the company, valued at approximately $3,043,274.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Persis Drell also recently made the following trade(s):

  • On Monday, July 15th, Persis Drell sold 2,500 shares of NVIDIA stock. The stock was sold at an average price of $166.80, for a total transaction of $417,000.00.

NVIDIA stock traded up $0.24 during trading hours on Thursday, reaching $171.47. 356,807 shares of the company’s stock traded hands, compared to its average volume of 10,669,982. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. NVIDIA Co. has a fifty-two week low of $124.46 and a fifty-two week high of $292.76. The firm has a market capitalization of $104.01 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 4.27 and a beta of 2.07. The firm’s 50 day moving average is $163.83 and its 200-day moving average is $163.65.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.37. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. NVIDIA’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same period last year, the company posted $1.94 EPS. Analysts predict that NVIDIA Co. will post 4.08 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be given a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.37%. NVIDIA’s dividend payout ratio is 10.54%.

NVDA has been the topic of several analyst reports. Royal Bank of Canada lowered their target price on shares of NVIDIA from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Craig Hallum reaffirmed a “hold” rating and issued a $170.00 target price (up previously from $165.00) on shares of NVIDIA in a report on Friday, August 16th. Susquehanna Bancshares set a $190.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a report on Friday, August 16th. ValuEngine raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of NVIDIA in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $189.50.

Large investors have recently made changes to their positions in the stock. Deltec Asset Management LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $452,000. Rehmann Capital Advisory Group raised its holdings in NVIDIA by 28.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,558 shares of the computer hardware maker’s stock worth $280,000 after buying an additional 346 shares during the period. Tdam USA Inc. raised its holdings in NVIDIA by 15.5% during the 1st quarter. Tdam USA Inc. now owns 1,970 shares of the computer hardware maker’s stock worth $354,000 after buying an additional 264 shares during the period. ACG Wealth raised its holdings in NVIDIA by 5.5% during the 1st quarter. ACG Wealth now owns 30,488 shares of the computer hardware maker’s stock worth $5,474,000 after buying an additional 1,600 shares during the period. Finally, Parnassus Investments CA raised its holdings in NVIDIA by 4.2% during the 1st quarter. Parnassus Investments CA now owns 3,081,251 shares of the computer hardware maker’s stock worth $553,269,000 after buying an additional 124,922 shares during the period. Institutional investors and hedge funds own 66.93% of the company’s stock.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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