Mark Stevens Sells 622,239 Shares of NVIDIA (NASDAQ:NVDA) Stock

Key Points

• NVIDIA director Mark Stevens sold 622,239 shares for approximately $144.1 million, reducing his position by 21.03% while retaining 2.34 million shares.
• NVIDIA shares fell 2.0% to $225.73, despite quarterly results exceeding expectations: adjusted EPS was $2.22 versus $2.09 expected, while revenue rose 105.9% year over year to $96.22 billion.
• Analysts maintain a Moderate Buy consensus with an average price target of $324.83; NVIDIA also authorized an $80 billion share buyback and declared a quarterly dividend of $0.25 per share.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director Mark Stevens sold 622,239 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the transaction, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

NVIDIA Stock Down 2.0%

NVDA traded down $4.63 during trading on Tuesday, hitting $225.73. 122,493,579 shares of the company's stock were exchanged, compared to its average volume of 158,690,531. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $211.32 and its two-hundred day moving average is $202.51. The stock has a market cap of $5.44 trillion, a P/E ratio of 28.54, a PEG ratio of 1.81 and a beta of 2.22. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The firm had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. During the same period in the previous year, the company posted $1.05 EPS. The company's revenue for the quarter was up 105.9% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Corporation will post 9.1 earnings per share for the current fiscal year.

NVIDIA declared that its board has initiated a share buyback program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's payout ratio is currently 12.64%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVDA. Raymond James Financial set a $515.00 price target on shares of NVIDIA and gave the company a "strong-buy" rating in a research report on Thursday, August 27th. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a research note on Friday. BNP Paribas Exane lifted their target price on shares of NVIDIA from $270.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Wedbush boosted their target price on NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $324.83.

Institutional Trading of NVIDIA

Hedge funds have recently added to or reduced their stakes in the stock. Boyd Wealth Management LLC boosted its stake in NVIDIA by 273.4% in the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock worth $1,830,000 after purchasing an additional 6,696 shares during the period. Diversified Enterprises LLC lifted its holdings in shares of NVIDIA by 44.2% in the fourth quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker's stock worth $23,798,000 after buying an additional 39,129 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of NVIDIA by 6,451.9% in the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock worth $111,134,000 after buying an additional 627,510 shares in the last quarter. ASR Vermogensbeheer N.V. boosted its position in shares of NVIDIA by 1.8% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker's stock valued at $591,086,000 after acquiring an additional 54,877 shares during the period. Finally, Storen Legacy Partners LLC bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $1,350,000. Institutional investors own 65.27% of the company's stock.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang said NVIDIA’s older H100 chips remain “highly rentable” and revenue-generating assets, with rental prices reportedly increasing. The comments support the durability and resale economics of NVIDIA’s installed hardware base. Jensen Huang Calls Nvidia Chips a Revenue-Generating Asset
• Positive Sentiment: Analysts continue to highlight strong data-center demand, Blackwell and Vera Rubin product ramps, broadening customers, and management’s roughly 70% fiscal 2028 revenue-growth outlook. These factors reinforce expectations for sustained earnings momentum. Nvidia: Unusual Visibility, Unusual Value
• Positive Sentiment: NVIDIA’s planned approximately $12.9 billion acquisition of Hugging Face is being viewed by some analysts as a way to strengthen its software, open-source model, and developer ecosystem, potentially expanding the company beyond chips. NVIDIA’s Hugging Face Buyout

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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