NVIDIA (NASDAQ:NVDA) Shares Unloaded Rep. Daniel Meuser

Representative Daniel Meuser (Republican-Pennsylvania) recently sold shares of NVIDIA Corporation (NASDAQ:NVDA). In a filing disclosed on February 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in NVIDIA stock on January 30th. The trade occurred in the Representative’s “SCHWAB BROKERAGE ACCOUNT” account.

NVIDIA Price Performance

Shares of NVDA traded up $1.92 during midday trading on Friday, hitting $189.82. 177,866,807 shares of the company traded hands, compared to its average volume of 160,414,944. The stock has a market cap of $4.61 trillion, a price-to-earnings ratio of 47.10, a PEG ratio of 0.57 and a beta of 2.31. The firm has a 50 day moving average of $185.19 and a 200-day moving average of $183.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 62.5% compared to the same quarter last year. On average, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

Insider Activity

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the transaction, the director directly owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. The trade was a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total transaction of $4,856,900.80. Following the completion of the transaction, the chief financial officer owned 846,772 shares of the company’s stock, valued at approximately $148,794,775.84. This trade represents a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,611,474 shares of company stock worth $291,731,692 over the last 90 days. Company insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently modified their holdings of the business. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA in the second quarter worth $28,000. Winnow Wealth LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC boosted its stake in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the second quarter worth about $40,000. Finally, Inspire Investing LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent research reports. Susquehanna upped their target price on shares of NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. restated a “buy” rating on shares of NVIDIA in a report on Wednesday, January 21st. Citic Securities increased their target price on shares of NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $240.00 price target (up from $210.00) on shares of NVIDIA in a report on Friday, October 31st. Finally, Citigroup reissued a “buy” rating on shares of NVIDIA in a research note on Monday, December 29th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $264.20.

View Our Latest Analysis on NVDA

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

About Representative Meuser

Dan Meuser (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 9th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Meuser (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 9th Congressional District. He declared candidacy for the 2026 election.

On October 22, 2023, Meuser announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. On October 23, Meuser withdrew from the race.

Prior to joining Congress, Meuser served as the head of the Pennsylvania Department of Revenue from 2011 to 2015 under Gov. Tom Corbett (R). He also worked as the President of Pride Mobility Corporation, a motorized wheelchair manufacturer.

About NVIDIA

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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