NVIDIA Corporation (NASDAQ:NVDA) traded down 1.88% during midday trading on Thursday, hitting $116.38. 20,365,374 shares of the company traded hands. The stock has a 50 day moving average of $108.40 and a 200 day moving average of $80.31. NVIDIA Corporation has a 12-month low of $24.75 and a 12-month high of $120.92. The stock has a market cap of $62.73 billion, a P/E ratio of 59.47 and a beta of 1.31.
NVIDIA Corporation (NASDAQ:NVDA) posted its earnings results on Thursday. The computer hardware maker reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.30. NVIDIA Corporation had a net margin of 19.52% and a return on equity of 26.82%. The company earned $2.17 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. NVIDIA Corporation’s revenue for the quarter was up 54.9% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, February 24th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.48%. NVIDIA Corporation’s dividend payout ratio is presently 29.32%.
A number of research analysts have issued reports on NVDA shares. Vetr upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $126.49 price target on the stock in a research note on Thursday, December 29th. RBC Capital Markets reiterated an “outperform” rating and issued a $80.00 price objective (up previously from $72.00) on shares of NVIDIA Corporation in a research note on Tuesday, November 8th. Global Equities Research reiterated an “overweight” rating and issued a $85.00 price objective on shares of NVIDIA Corporation in a research note on Friday, November 11th. BMO Capital Markets increased their price objective on shares of NVIDIA Corporation from $75.00 to $100.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Citigroup Inc set a $110.00 price objective on shares of NVIDIA Corporation and gave the stock a “buy” rating in a research note on Monday, December 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $88.75.
In related news, insider Jen Hsun Huang sold 41,666 shares of NVIDIA Corporation stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $102.74, for a total value of $4,280,764.84. Following the transaction, the insider now owns 1,751,872 shares of the company’s stock, valued at approximately $179,987,329.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $116.70, for a total value of $5,835,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 155,931 shares of company stock worth $16,194,578. 5.82% of the stock is owned by corporate insiders.
NVIDIA Corporation Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.