Insider Selling: NVIDIA Corporation (NASDAQ:NVDA) Director Sells 55,681 Shares of Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 55,681 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $143.67, for a total value of $7,999,689.27. Following the completion of the transaction, the director now directly owns 1,889,037 shares in the company, valued at approximately $271,397,945.79. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, June 24th, A Brooke Seawell sold 54,467 shares of NVIDIA stock. The shares were sold at an average price of $146.88, for a total transaction of $8,000,112.96.
• On Friday, June 20th, A Brooke Seawell sold 55,282 shares of NVIDIA stock. The shares were sold at an average price of $144.71, for a total value of $7,999,858.22.

NVIDIA Stock Up 2.6%

Shares of NASDAQ NVDA traded up $3.73 during mid-day trading on Tuesday, reaching $147.90. 187,010,174 shares of the company traded hands, compared to its average volume of 270,622,203. The company's fifty day moving average is $127.04 and its two-hundred day moving average is $126.44. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The stock has a market cap of $3.61 trillion, a PE ratio of 47.27, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. 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 (NASDAQ:NVDA - Get Free Report) last posted its 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 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed 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 is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NVDA shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Oppenheimer restated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Monday, June 16th. 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 research report on Thursday, May 29th. Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Finally, Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $173.05.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently made changes to their positions in the stock. Wealth Group Ltd. lifted its holdings in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares in the last quarter. Tallon Kerry Patrick acquired a new position in NVIDIA during the fourth quarter worth approximately $972,000. Capital & Planning LLC increased its stake in shares of NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after purchasing an additional 1,099 shares during the period. Ironwood Wealth Management LLC. increased its stake in NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after acquiring an additional 104 shares during the period. Finally, Brighton Jones LLC increased its stake in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after acquiring an additional 35,815 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

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.

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