Stock Price Bolstered Mid-Session: NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation Stock Is Up 680 And Is Gaining Momentum

Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction that occurred on Tuesday, December 27th. The fund owned 83,301 shares of the computer hardware maker's stock after purchasing an additional 61,377 shares during the period.

Large investors have recently modified their holdings of the business. Jennison Associates LLC increased its stake in shares of NVIDIA Corporation by 36.6% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,882,204 shares of the computer hardware maker's stock worth $128,968,000 after buying an additional 1,640,655 shares during the period. Inc. lifted its holdings in NVIDIA Corporation by 0.7% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker's stock worth $372,000 after purchasing an additional 30 shares in the last quarter. Essex Financial Inc has invested 0.09% in NVIDIA Corporation (NASDAQ:NVDA). Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker's stock valued at $827,110,000 after purchasing an additional 463,306 shares during the last quarter. Janus Capital Management LLC grew its holdings in NVIDIA Corporation by 20.0% in the first quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker's stock worth $145,000 after buying an additional 200 shares during the last quarter.

NVIDIA Corporation (NASDAQ:NVDA) was up 6.3% on Friday after Evercore ISI raised their price target on the stock from $180.00 to $250.00.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $103.43B. NVIDIA Corporation has a 1-year low of $31.04 and a 1-year high of $120.92.

NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. The company's revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts anticipate that NVIDIA Corporation will post $2.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation's dividend payout ratio (DPR) is presently 15.86%.

NVIDIA corporation return on equity profit margin and operating margin last three years
NVIDIA Corporation (NVDA) Position Reduced by Rafferty Asset Management LLC

A number of research firms have commented on NVDA. UBS AG restated a "buy" rating and issued a $148.00 price objective (up previously from $135.00) on shares of NVIDIA Corporation in a report on Friday, May 19th.

The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.40. Bank of America Corporation upped their price objective on shares of NVIDIA Corporation from $138.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, May 22nd.

NVIDIA Corporation (NASDAQ:NVDA) insider Jen Hsun Huang sold 110,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $158.08, for a total value of $7,904,000.00. 34,119,764 shares of the company's stock were exchanged. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the transaction, the director now owns 14,350 shares in the company, valued at $2,268,448. The disclosure for this sale can be found here. Institutional investors and hedge funds own 85.00% of the company's stock.

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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 goal computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters. The Company's operates through two segments: GPU and Tegra Processor.

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