Insider Selling: NVIDIA Corporation (NASDAQ:NVDA) Director Sells 48,971 Shares of Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 48,971 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $163.36, for a total value of $7,999,902.56. Following the completion of the sale, the director owned 1,875,513 shares in the company, valued at $306,383,803.68. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A Brooke Seawell also recently made the following trade(s):

• On Thursday, July 10th, A Brooke Seawell sold 49,131 shares of NVIDIA stock. The shares were sold at an average price of $162.83, for a total value of $8,000,000.73.
• On Tuesday, July 8th, A Brooke Seawell sold 50,300 shares of NVIDIA stock. The shares were sold at an average price of $159.05, for a total value of $8,000,215.00.
• On Monday, July 7th, A Brooke Seawell sold 50,514 shares of NVIDIA stock. The shares were sold at an average price of $158.37, for a total value of $7,999,902.18.
• On Wednesday, July 2nd, A Brooke Seawell sold 51,411 shares of NVIDIA stock. The shares were sold at an average price of $155.61, for a total value of $8,000,065.71.
• On Tuesday, July 1st, A Brooke Seawell sold 51,740 shares of NVIDIA stock. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80.
• On Monday, June 30th, A Brooke Seawell sold 50,912 shares of NVIDIA stock. The shares were sold at an average price of $157.13, for a total value of $7,999,802.56.
• On Friday, June 27th, A Brooke Seawell sold 50,980 shares of NVIDIA stock. The shares were sold at an average price of $156.92, for a total value of $7,999,781.60.
• On Thursday, June 26th, A Brooke Seawell sold 51,455 shares of NVIDIA stock. The shares were sold at an average price of $155.47, for a total value of $7,999,708.85.
• On Wednesday, June 25th, A Brooke Seawell sold 52,774 shares of NVIDIA stock. The stock was sold at an average price of $151.59, for a total value of $8,000,010.66.
• On Tuesday, June 24th, A Brooke Seawell sold 54,467 shares of NVIDIA stock. The stock was sold at an average price of $146.88, for a total value of $8,000,112.96.

NVIDIA Stock Performance

NVDA traded up $0.82 during trading hours on Friday, hitting $164.92. The company's stock had a trading volume of 193,205,730 shares, compared to its average volume of 266,042,149. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $167.89. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.02 trillion, a PE ratio of 53.20, a PEG ratio of 1.46 and a beta of 2.13. The company has a 50-day simple moving average of $141.53 and a 200 day simple moving average of $128.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm's revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Institutional Trading of NVIDIA

Several large investors have recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter valued at $38,000. Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the period. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter valued at $50,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at $51,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on NVDA shares. The Goldman Sachs Group started coverage on NVIDIA in a research note on Thursday. They set a "buy" rating and a $185.00 price target for the company. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Susquehanna reaffirmed a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $177.03.

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.