NVIDIA Co. (NASDAQ:NVDA)’s share price was down 5.3% on Friday . The company traded as low as $161.64 and last traded at $162.44, approximately 14,195,798 shares changed hands during trading. An increase of 8% from the average daily volume of 13,144,273 shares. The stock had previously closed at $171.48.
A number of research analysts recently weighed in on NVDA shares. SunTrust Banks set a $210.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of NVIDIA in a research report on Friday, August 16th. Wedbush set a $184.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets restated a “market perform” rating and set a $145.00 price objective on shares of NVIDIA in a research report on Friday, August 16th. Finally, Summit Redstone downgraded shares of NVIDIA to a “hold” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $190.40.
The stock’s 50 day moving average price is $164.03 and its 200-day moving average price is $163.88. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $98.93 billion, a PE ratio of 26.76, a PEG ratio of 4.30 and a beta of 2.07.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.37. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.94 earnings per share. On average, analysts forecast that NVIDIA Co. will post 4.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be paid 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 0.39%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.
In related news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the transaction, the director now directly owns 20,684 shares of the company’s stock, valued at $3,450,091.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $164.01, for a total transaction of $366,726.36. Following the transaction, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at $39,314,837.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,236 shares of company stock valued at $15,712,126. Corporate insiders own 4.64% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in NVIDIA by 1.8% during the first quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock valued at $8,952,880,000 after acquiring an additional 858,116 shares in the last quarter. Vanguard Group Inc. lifted its position in NVIDIA by 1.2% during the second quarter. Vanguard Group Inc. now owns 45,990,868 shares of the computer hardware maker’s stock valued at $7,553,081,000 after purchasing an additional 528,040 shares during the last quarter. Jennison Associates LLC lifted its position in NVIDIA by 10.6% during the second quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock valued at $1,427,168,000 after purchasing an additional 832,508 shares during the last quarter. Edgewood Management LLC lifted its position in NVIDIA by 0.4% during the second quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock valued at $1,295,831,000 after purchasing an additional 31,623 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its position in NVIDIA by 16.0% during the first quarter. Baillie Gifford & Co. now owns 7,647,342 shares of the computer hardware maker’s stock valued at $1,373,156,000 after purchasing an additional 1,052,689 shares during the last quarter. 66.93% of the stock is owned by institutional investors.
About NVIDIA (NASDAQ:NVDA)
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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