NVIDIA Co. (NASDAQ:NVDA) Director Tench Coxe Sells 1,000,000 Shares

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $3.03 during mid-day trading on Friday, reaching $141.97. 180,270,368 shares of the stock were exchanged, compared to its average volume of 276,508,483. The company has a 50 day simple moving average of $122.77 and a 200-day simple moving average of $126.44. The stock has a market capitalization of $3.46 trillion, a P/E ratio of 55.87, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $40,000. Kathleen S. Wright Associates Inc. lifted its position in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Finally, Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NVDA. Barclays reissued an "overweight" rating and set a $170.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Thursday, May 29th. DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.24.

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.