Insider Selling: NVIDIA (NASDAQ:NVDA) Director Sells 18,000 Shares of Stock

Key Points

• NVIDIA Director Dawn Hudson sold 18,000 shares of stock for approximately $3.1 million, resulting in a 4.65% decrease in her ownership stake.
• The company's latest earnings report revealed earnings per share (EPS) of $1.05, surpassing expectations and representing a 55.6% revenue growth year-over-year.
• NVIDIA recently set a quarterly dividend of $0.01 per share, with the dividend yield standing at 0.0% and a payout ratio of 1.14%.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director Dawn Hudson sold 18,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NVIDIA Trading Up 0.6%

NVDA traded up $1.04 on Thursday, hitting $171.66. The company had a trading volume of 140,965,774 shares, compared to its average volume of 238,219,891. The firm has a market cap of $4.17 trillion, a P/E ratio of 48.91, a PEG ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company's fifty day moving average price is $172.21 and its 200 day moving average price is $139.78. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities 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, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently modified their holdings of the stock. ZynergyRetirementPlanningLLC raised its stake in shares of NVIDIA by 8.2% during the second quarter. ZynergyRetirementPlanningLLC now owns 1,375 shares of the computer hardware maker's stock worth $217,000 after purchasing an additional 104 shares during the last quarter. V. M. Manning & CO. Inc. purchased a new stake in shares of NVIDIA during the second quarter worth approximately $45,397,000. Q3 Asset Management purchased a new stake in shares of NVIDIA during the second quarter worth approximately $207,000. American Trust raised its stake in shares of NVIDIA by 28.0% during the second quarter. American Trust now owns 58,268 shares of the computer hardware maker's stock worth $9,206,000 after purchasing an additional 12,736 shares during the last quarter. Finally, PVG Asset Management Corp raised its stake in shares of NVIDIA by 15.8% during the second quarter. PVG Asset Management Corp now owns 5,817 shares of the computer hardware maker's stock worth $919,000 after purchasing an additional 793 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. Citigroup reissued a "buy" rating and set a $210.00 price objective (up from $190.00) on shares of NVIDIA in a research report on Thursday, August 28th. Evercore ISI boosted their price objective on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Morgan Stanley upped their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. DA Davidson upped their price target on NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Finally, TD Cowen upped their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $207.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.