Insider Selling: NVIDIA Corporation (NVDA) Director Sells $119,424.42 in Stock

NVIDIA Corporation (NASDAQ:NVDA) Director Persis Drell sold 606 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the transaction, the director now directly owns 26,104 shares in the company, valued at $5,144,315.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NVIDIA Corporation (NASDAQ NVDA) traded down $0.62 during trading hours on Friday, reaching $195.27. 11,645,099 shares of the company traded hands, compared to its average volume of 14,722,643. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a twelve month low of $95.17 and a twelve month high of $218.67. The firm has a market cap of $118,709.34, a P/E ratio of 48.45, a PEG ratio of 4.56 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 EPS. equities analysts predict that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a $0.15 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s payout ratio is 14.89%.

Several research firms have commented on NVDA. Citigroup reissued a “buy” rating and issued a $210.00 target price (up from $185.00) on shares of NVIDIA in a report on Friday, September 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of NVIDIA in a report on Saturday, September 23rd. SunTrust Banks reissued a “buy” rating and issued a $200.00 target price (up from $181.00) on shares of NVIDIA in a report on Monday, October 2nd. Barclays reissued an “equal weight” rating and issued a $200.00 target price (up from $140.00) on shares of NVIDIA in a report on Wednesday, October 4th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $205.00 target price (up from $175.00) on shares of NVIDIA in a report on Monday, September 18th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA currently has an average rating of “Buy” and an average target price of $187.44.

Several hedge funds and other institutional investors have recently modified their holdings of NVDA. Advisors Asset Management Inc. lifted its position in shares of NVIDIA by 4.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 15,306 shares of the computer hardware maker’s stock worth $2,213,000 after purchasing an additional 646 shares during the period. BB&T Securities LLC lifted its position in shares of NVIDIA by 99.0% in the 2nd quarter. BB&T Securities LLC now owns 5,149 shares of the computer hardware maker’s stock worth $744,000 after purchasing an additional 2,562 shares during the period. Boston Private Wealth LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at $305,000. TrimTabs Asset Management LLC increased its stake in shares of NVIDIA by 19.1% in the 2nd quarter. TrimTabs Asset Management LLC now owns 1,903 shares of the computer hardware maker’s stock valued at $275,000 after acquiring an additional 305 shares in the last quarter. Finally, GAM Holding AG increased its stake in shares of NVIDIA by 13.5% in the 2nd quarter. GAM Holding AG now owns 114,582 shares of the computer hardware maker’s stock valued at $16,564,000 after acquiring an additional 13,605 shares in the last quarter. Hedge funds and other institutional investors own 63.41% of the company’s stock.

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About NVIDIA

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 (NASDAQ:NVDA)

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