Insider Selling: NVIDIA Corporation (NASDAQ:NVDA) EVP Sells 168,195 Shares of Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president now directly owns 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

NVIDIA Stock Up 1.8%

Shares of NASDAQ:NVDA traded up $2.73 during mid-day trading on Friday, hitting $157.75. 258,593,751 shares of the company traded hands, compared to its average volume of 269,381,039. The stock has a 50-day moving average price of $129.83 and a two-hundred day moving average price of $126.89. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $158.68. The stock has a market cap of $3.85 trillion, a P/E ratio of 50.83, a P/E/G ratio of 1.37 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 net margin of 51.69% and a return on equity of 105.09%. 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 posted $0.61 earnings per share. NVIDIA's revenue was up 69.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current 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 issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Susquehanna reaffirmed a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. 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. Benchmark restated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Finally, Piper Sandler reiterated an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $175.78.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently added to or reduced their stakes in the company. AdviceOne Advisory Services LLC lifted its holdings in NVIDIA by 73.1% during the first quarter. AdviceOne Advisory Services LLC now owns 9,856 shares of the computer hardware maker's stock worth $1,068,000 after acquiring an additional 4,163 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new position in NVIDIA in the 1st quarter valued at $97,728,000. Swedbank AB increased its position in shares of NVIDIA by 9.7% during the 1st quarter. Swedbank AB now owns 41,458,131 shares of the computer hardware maker's stock valued at $4,493,232,000 after purchasing an additional 3,682,525 shares during the last quarter. Real Talk Capital LLC raised its stake in shares of NVIDIA by 12.2% during the 1st quarter. Real Talk Capital LLC now owns 7,522 shares of the computer hardware maker's stock worth $815,000 after purchasing an additional 820 shares during the period. Finally, Howe & Rusling Inc. boosted its holdings in shares of NVIDIA by 2.4% in the 1st quarter. Howe & Rusling Inc. now owns 169,225 shares of the computer hardware maker's stock worth $18,341,000 after buying an additional 3,996 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

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.

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