NVIDIA Co. (NASDAQ:NVDA) insider Michael Byron sold 43 shares of NVIDIA stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $280.15, for a total value of $12,046.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
NASDAQ NVDA traded down $5.28 during trading hours on Wednesday, reaching $278.42. The company’s stock had a trading volume of 9,824,300 shares, compared to its average volume of 13,220,283. The stock has a market capitalization of $170.65 billion, a price-to-earnings ratio of 59.74, a PEG ratio of 3.68 and a beta of 1.62. NVIDIA Co. has a 1-year low of $162.71 and a 1-year high of $285.22. The company has a current ratio of 7.41, a quick ratio of 6.66 and a debt-to-equity ratio of 0.23.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.28. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.11 billion. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. NVIDIA’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. equities analysts predict that NVIDIA Co. will post 7.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Thursday, August 30th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. NVIDIA’s payout ratio is 12.85%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sturgeon Ventures LLP raised its holdings in NVIDIA by 26.4% in the 2nd quarter. Sturgeon Ventures LLP now owns 50,224 shares of the computer hardware maker’s stock worth $11,907,000 after purchasing an additional 10,483 shares during the period. HM Payson & Co. increased its stake in NVIDIA by 10.1% during the 2nd quarter. HM Payson & Co. now owns 2,359 shares of the computer hardware maker’s stock worth $559,000 after buying an additional 217 shares in the last quarter. Advisors Asset Management Inc. increased its stake in NVIDIA by 35.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 26,999 shares of the computer hardware maker’s stock worth $6,396,000 after buying an additional 7,039 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in NVIDIA by 0.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 403,001 shares of the computer hardware maker’s stock worth $95,471,000 after buying an additional 1,946 shares in the last quarter. Finally, HWG Holdings LP purchased a new stake in NVIDIA during the 2nd quarter worth approximately $232,000. 65.68% of the stock is owned by institutional investors.
A number of analysts have commented on NVDA shares. Cowen started coverage on NVIDIA in a research report on Thursday, May 17th. They set an “outperform” rating and a $325.00 price target for the company. UBS Group lifted their price target on NVIDIA from $250.00 to $266.00 and gave the stock a “neutral” rating in a research report on Friday, May 11th. B. Riley lifted their price target on NVIDIA from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. SunTrust Banks boosted their price objective on NVIDIA to $316.00 and gave the company a “buy” rating in a report on Friday, May 11th. Finally, Stifel Nicolaus boosted their price objective on NVIDIA from $220.00 to $243.00 and gave the company a “hold” rating in a report on Friday, May 11th. Eight research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $281.58.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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