Insider Selling: NVIDIA Co. (NASDAQ:NVDA) EVP Sells $5,147,875.20 in Stock

NVIDIA Co. (NASDAQ:NVDA) EVP Ajay K. Puri sold 12,692 shares of NVIDIA stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $405.60, for a total transaction of $5,147,875.20. Following the transaction, the executive vice president now directly owns 61,983 shares in the company, valued at approximately $25,140,304.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ajay K. Puri also recently made the following trade(s):

  • On Thursday, July 9th, Ajay K. Puri sold 6,452 shares of NVIDIA stock. The stock was sold at an average price of $416.36, for a total transaction of $2,686,354.72.

NASDAQ:NVDA opened at $424.56 on Friday. NVIDIA Co. has a 1-year low of $147.39 and a 1-year high of $431.69. The company has a current ratio of 10.29, a quick ratio of 9.70 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $390.19 and a 200 day simple moving average of $307.37. The stock has a market capitalization of $261.10 billion, a PE ratio of 79.36, a P/E/G ratio of 3.68 and a beta of 1.35.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.44. NVIDIA had a net margin of 28.17% and a return on equity of 28.59%. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Co. will post 6.57 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in NVDA. Norges Bank bought a new position in NVIDIA during the fourth quarter worth $1,337,713,000. BlackRock Inc. boosted its position in NVIDIA by 6.1% during the first quarter. BlackRock Inc. now owns 42,753,245 shares of the computer hardware maker’s stock worth $11,269,755,000 after purchasing an additional 2,439,025 shares during the period. Wellington Management Group LLP boosted its position in NVIDIA by 848.6% during the first quarter. Wellington Management Group LLP now owns 1,870,661 shares of the computer hardware maker’s stock worth $493,106,000 after purchasing an additional 1,673,465 shares during the period. Advisor Group Holdings Inc. bought a new position in NVIDIA during the first quarter worth $55,241,000. Finally, Nuveen Asset Management LLC boosted its position in NVIDIA by 41.6% during the fourth quarter. Nuveen Asset Management LLC now owns 5,375,470 shares of the computer hardware maker’s stock worth $1,264,848,000 after purchasing an additional 1,579,858 shares during the period. 68.80% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on NVDA shares. Credit Suisse Group reissued a “buy” rating and set a $425.00 price objective on shares of NVIDIA in a research note on Wednesday, June 24th. Piper Sandler lifted their price objective on shares of NVIDIA from $350.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Morgan Stanley lowered shares of NVIDIA from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $362.00 to $380.00 in a research note on Tuesday, June 16th. Cowen lifted their price objective on shares of NVIDIA from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, Craig Hallum lifted their price objective on shares of NVIDIA from $300.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, May 22nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $368.89.

About NVIDIA

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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Insider Buying and Selling by Quarter for NVIDIA (NASDAQ:NVDA)

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