Insider Selling: NVIDIA (NASDAQ:NVDA) Director Sells 40,000 Shares of Stock

Key Points

• Persis Drell, a director at NVIDIA, sold 40,000 shares at an average price of $177.65, totaling over $7 million, resulting in a 22.38% decrease in ownership.
• NVIDIA's stock price decreased by 2.8%, reaching $178.43, with heavy trading volume of approximately 191.7 million shares.
• The company recently announced a quarterly dividend of $0.01 per share, reflecting an annual yield of 0.0%, with an ex-dividend date set for September 11th.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director Persis Drell sold 40,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares in the company, valued at $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NVIDIA Stock Down 2.8%

Shares of NASDAQ:NVDA traded down $5.18 during midday trading on Tuesday, reaching $178.43. The company's stock had a trading volume of 191,688,935 shares, compared to its average volume of 234,583,406. The firm has a 50 day moving average of $176.12 and a 200-day moving average of $144.35. The firm has a market capitalization of $4.34 trillion, a P/E ratio of 50.83, a PEG ratio of 1.28 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the prior year, the firm earned $0.68 EPS. The company's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Asset Planning Inc. purchased a new position in NVIDIA during the second quarter valued at approximately $28,000. Winnow Wealth LLC purchased a new position in NVIDIA during the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC lifted its holdings in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NVDA shares. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. The Goldman Sachs Group restated a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, August 27th. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Stifel Nicolaus raised their price target on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. Finally, Loop Capital raised their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.76.

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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