Mark A. Stevens Sells 190,000 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) Director Mark A. Stevens sold 190,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the sale, the director now directly owns 8,855,848 shares in the company, valued at $1,262,046,898.48. This represents a 2.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

NVIDIA Price Performance

NVDA stock traded down $1.13 during trading on Wednesday, reaching $142.83. 166,804,211 shares of the company were exchanged, compared to its average volume of 277,376,658. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock's 50 day moving average price is $120.91 and its 200 day moving average price is $126.34. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $153.13. The company has a market cap of $3.49 trillion, a P/E ratio of 56.21, a PEG ratio of 1.76 and a beta of 2.12.

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

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on NVDA shares. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Bank of America lifted their target price on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Finally, Mizuho upped their target price on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC grew its stake in NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after acquiring an additional 322 shares during the period. Wealth Group Ltd. lifted its holdings in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Tallon Kerry Patrick acquired a new position in NVIDIA during the 4th quarter worth approximately $972,000. Capital & Planning LLC grew its holdings in NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Mechanics Bank Trust Department grew its stake in NVIDIA by 1.2% during the 4th quarter. Mechanics Bank Trust Department now owns 90,610 shares of the computer hardware maker's stock valued at $12,168,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Company Profile

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.