NVIDIA Co. (NASDAQ:NVDA) Director Sells $17,338,942.44 in Stock

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) Director Mark A. Stevens sold 125,836 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the completion of the transaction, the director now owns 10,149,697 shares of the company's stock, valued at approximately $1,398,526,749.63. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $1.65 on Thursday, reaching $140.27. The company's stock had a trading volume of 164,983,928 shares, compared to its average volume of 281,911,368. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The stock has a market capitalization of $3.42 trillion, a P/E ratio of 55.28, a PEG ratio of 1.76 and a beta of 2.12. The stock's 50-day moving average is $117.19 and its two-hundred day moving average is $126.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm's revenue was up 69.2% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Hedge Funds Weigh In On NVIDIA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $40,000. Kathleen S. Wright Associates Inc. raised its stake 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 worth $44,000 after buying an additional 254 shares in the last quarter. Finally, Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $50,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NVDA. Barclays reissued an "overweight" rating and set a $170.00 target price (up from $155.00) on shares of NVIDIA in a research note on Thursday, May 29th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. DA Davidson raised their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $171.66.

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.