Insider Selling: NVIDIA (NASDAQ:NVDA) Director Sells $2,341,061.04 in Stock

NVIDIA Corporation (NASDAQ:NVDA) Director A Brooke Seawell sold 12,728 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total value of $2,341,061.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NVIDIA Price Performance

Shares of NVDA stock opened at $182.41 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 45.26, a PEG ratio of 0.90 and a beta of 2.29. The stock’s 50-day simple moving average is $187.13 and its 200-day simple moving average is $172.08.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the business earned $0.81 EPS. NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio is presently 0.99%.

Institutional Trading of NVIDIA

A number of hedge funds have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its holdings in NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the period. Norges Bank acquired a new stake in NVIDIA in the second quarter valued at approximately $51,386,863,000. Nuveen LLC purchased a new stake in shares of NVIDIA in the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. raised its stake in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the period. Finally, Capital Research Global Investors lifted its position in shares of NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after buying an additional 22,896,705 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. Citigroup lifted their price target on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. HSBC set a $320.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. DA Davidson restated a “buy” rating and set a $250.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Finally, Arete Research raised their target price on shares of NVIDIA from $244.00 to $261.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $258.65.

About NVIDIA

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.