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 65.99 on Monday. The firm has a market cap of $35.30 billion, a P/E ratio of 43.36 and a beta of 1.25. Nvidia Corp. has a one year low of $24.75 and a one year high of $69.70. The firm has a 50-day moving average price of $64.34 and a 200 day moving average price of $51.04.
Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $1.35 billion. During the same quarter in the prior year, the company posted $0.34 EPS. The company’s quarterly revenue was up 23.9% on a year-over-year basis. On average, analysts forecast that Nvidia Corp. will post $1.85 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on NVDA shares. Mizuho started coverage on shares of Nvidia Corp. in a research report on Thursday, July 14th. They set a “buy” rating and a $60.00 price target for the company. B. Riley reaffirmed a “buy” rating and set a $58.00 price target on shares of Nvidia Corp. in a research report on Monday, July 11th. Needham & Company LLC reissued a “buy” rating on shares of Nvidia Corp. in a report on Monday, July 18th. Canaccord Genuity reissued a “buy” rating and issued a $60.00 target price on shares of Nvidia Corp. in a report on Monday, July 18th. Finally, Zacks Investment Research raised shares of Nvidia Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, June 28th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $58.45.
Several institutional investors have recently made changes to their positions in NVDA. Landscape Capital Management L.L.C. raised its position in shares of Nvidia Corp. by 92.1% in the first quarter. Landscape Capital Management L.L.C. now owns 27,810 shares of the computer hardware maker’s stock valued at $991,000 after buying an additional 13,330 shares during the period. AMF Pensionsforsakring AB purchased a new stake in Nvidia Corp. during the first quarter valued at about $1,924,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Nvidia Corp. during the first quarter valued at about $496,000. Canada Pension Plan Investment Board increased its stake in Nvidia Corp. by 1.8% in the first quarter. Canada Pension Plan Investment Board now owns 662,894 shares of the computer hardware maker’s stock valued at $23,619,000 after buying an additional 11,600 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in Nvidia Corp. by 48.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 36,100 shares of the computer hardware maker’s stock valued at $1,286,000 after buying an additional 11,800 shares in the last quarter. 86.29% of the stock is currently owned by institutional investors and hedge funds.
Nvidia Corp. Company Profile