Equities

Insider Selling: NVIDIA Co. (NASDAQ:NVDA) Director Sells 60,000 Shares of Stock

NVIDIA Co. (NASDAQ:NVDA - Get Rating) Director Mark A. Stevens sold 60,000 shares of the firm's stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $165.09,…

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Feb 3, 2023 • 4 min read

NVIDIA Co. (NASDAQ:NVDA - Get Rating) Director Mark A. Stevens sold 60,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the completion of the transaction, the director now directly owns 2,250,193 shares in the company, valued at $371,484,362.37. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

NVIDIA Price Performance

NVIDIA stock traded down $11.62 on Thursday, reaching $153.39. The company's stock had a trading volume of 56,428,012 shares, compared to its average volume of 54,681,766. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.74 and a current ratio of 3.39. The company has a market cap of $381.94 billion, a price-to-earnings ratio of 65.52, a PEG ratio of 5.99 and a beta of 1.75. The business's fifty day moving average price is $150.73 and its 200 day moving average price is $154.48. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $313.30.

NVIDIA (NASDAQ:NVDA - Get Rating) last posted its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.10). The business had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.82 billion. NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. NVIDIA's revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. Equities analysts expect that NVIDIA Co. will post 2.23 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Wednesday, November 30th. NVIDIA's dividend payout ratio is currently 6.81%.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently bought and sold shares of the business. United Bank lifted its stake in shares of NVIDIA by 28.9% during the first quarter. United Bank now owns 7,717 shares of the computer hardware maker's stock valued at $2,106,000 after acquiring an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of NVIDIA by 6.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker's stock valued at $1,065,457,000 after acquiring an additional 249,045 shares during the period. MAS Advisors LLC lifted its stake in shares of NVIDIA by 42.1% during the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker's stock valued at $545,000 after acquiring an additional 583 shares during the period. Johnson Investment Counsel Inc. lifted its stake in shares of NVIDIA by 34.8% during the first quarter. Johnson Investment Counsel Inc. now owns 64,679 shares of the computer hardware maker's stock valued at $17,648,000 after acquiring an additional 16,711 shares during the period. Finally, Bragg Financial Advisors Inc lifted its stake in shares of NVIDIA by 58.6% during the first quarter. Bragg Financial Advisors Inc now owns 4,472 shares of the computer hardware maker's stock valued at $1,220,000 after acquiring an additional 1,652 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NVDA shares. Truist Financial reissued a "buy" rating and issued a $198.00 price objective on shares of NVIDIA in a research note on Thursday, September 22nd. Piper Sandler cut their price objective on NVIDIA from $235.00 to $200.00 in a research note on Thursday, September 1st. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Wednesday, November 16th. Craig Hallum dropped their price target on NVIDIA from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Thursday, August 25th. Finally, Tigress Financial dropped their price target on NVIDIA from $310.00 to $250.00 and set a "buy" rating on the stock in a research report on Thursday, December 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.09.

NVIDIA Company Profile

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.