Insider Selling: NVIDIA Corporation (NASDAQ:NVDA) Director Sells 48,112 Shares of Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 48,112 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $166.28, for a total value of $8,000,063.36. Following the transaction, the director owned 1,778,270 shares in the company, valued at $295,690,735.60. The trade was a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 14th, A Brooke Seawell sold 48,792 shares of NVIDIA stock. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32.
• 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 Wednesday, July 9th, A Brooke Seawell sold 48,971 shares of NVIDIA stock. The stock was sold at an average price of $163.36, for a total value of $7,999,902.56.
• On Tuesday, July 8th, A Brooke Seawell sold 50,300 shares of NVIDIA stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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.

NVIDIA Price Performance

NVDA traded down $0.62 during midday trading on Friday, hitting $172.39. The company had a trading volume of 103,978,917 shares, compared to its average volume of 263,849,766. The company has a market capitalization of $4.21 trillion, a PE ratio of 55.55, a P/E/G ratio of 1.51 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.16. The firm's 50-day simple moving average is $145.88 and its 200-day simple moving average is $129.63.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business earned $0.61 EPS. The firm's revenue was up 69.2% compared to the same quarter last year. Equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have issued reports on NVDA shares. Bank of America boosted their target price on NVIDIA from $180.00 to $220.00 in a research report on Wednesday. Barclays increased their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. The Goldman Sachs Group started coverage on shares of NVIDIA in a research note on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective for the company. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, TD Cowen increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.22.

Institutional Trading of NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC lifted its holdings in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth about $43,515,504,000. Nuveen LLC bought a new position in shares of NVIDIA in the first quarter worth about $15,089,414,000. Goldman Sachs Group Inc. lifted its holdings in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.