NVIDIA Co. (NASDAQ:NVDA) Director Sells $50,334,900.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) Director Mark A. Stevens sold 385,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total transaction of $50,334,900.00. Following the completion of the sale, the director now directly owns 9,141,240 shares in the company, valued at $1,195,125,717.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NVIDIA Trading Down 5.6 %

NVIDIA stock traded down $7.51 during mid-day trading on Thursday, hitting $127.40. The company’s stock had a trading volume of 373,042,180 shares, compared to its average volume of 471,029,750. NVIDIA Co. has a 1 year low of $39.23 and a 1 year high of $140.76. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.13 trillion, a PE ratio of 76.88, a price-to-earnings-growth ratio of 1.35 and a beta of 1.68. The stock’s fifty day moving average is $113.34 and its two-hundred day moving average is $87.91.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company’s quarterly revenue was up 262.1% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. On average, analysts anticipate that NVIDIA Co. will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NVDA. Truist Financial restated a “buy” rating and issued a $140.00 target price (up previously from $128.80) on shares of NVIDIA in a research note on Thursday, June 27th. Barclays lowered their price objective on NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, June 10th. Cantor Fitzgerald lifted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Rosenblatt Securities increased their price target on shares of NVIDIA from $140.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Mizuho increased their target price on shares of NVIDIA from $118.00 to $127.50 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Six equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.29.

Institutional Trading of NVIDIA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in shares of NVIDIA in the third quarter worth $239,000. Polar Capital Holdings Plc raised its position in NVIDIA by 1.6% in the 3rd quarter. Polar Capital Holdings Plc now owns 1,682,253 shares of the computer hardware maker’s stock valued at $731,763,000 after purchasing an additional 25,768 shares in the last quarter. Modera Wealth Management LLC boosted its stake in shares of NVIDIA by 2.0% in the 3rd quarter. Modera Wealth Management LLC now owns 10,651 shares of the computer hardware maker’s stock valued at $4,633,000 after buying an additional 212 shares during the period. American Century Companies Inc. grew its position in shares of NVIDIA by 9.1% during the third quarter. American Century Companies Inc. now owns 7,502,244 shares of the computer hardware maker’s stock worth $3,263,401,000 after buying an additional 625,723 shares in the last quarter. Finally, Tucker Asset Management LLC increased its stake in shares of NVIDIA by 13.2% during the third quarter. Tucker Asset Management LLC now owns 8,791 shares of the computer hardware maker’s stock worth $3,824,000 after buying an additional 1,023 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.