Insider Selling: NVIDIA (NASDAQ:NVDA) Director Sells 72,000 Shares of Stock

Key Points

• Dawn Hudson, a director at NVIDIA, sold 72,000 shares of the company's stock for a total of $12.29 million, resulting in a 15.69% decrease in her ownership.
• NVIDIA's stock price increased by 0.6%, closing at $171.66, with a market cap of $4.17 trillion and a price-to-earnings ratio of 48.91.
• The company announced a quarterly dividend of $0.01 per share, with the ex-dividend date set for September 11th.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director Dawn Hudson sold 72,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $170.63, for a total transaction of $12,285,360.00. Following the completion of the sale, the director directly owned 386,887 shares in the company, valued at approximately $66,014,528.81. This represents a 15.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NVIDIA Stock Up 0.6%

Shares of NVIDIA stock traded up $1.04 during trading on Thursday, hitting $171.66. 140,965,774 shares of the stock were exchanged, compared to its average volume of 238,219,891. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. The firm's 50-day moving average price is $172.21 and its 200 day moving average price is $139.78. The stock has a market cap of $4.17 trillion, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

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

NVIDIA Announces Dividend

The firm also recently announced 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. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. ZynergyRetirementPlanningLLC increased its stake in NVIDIA by 8.2% in the 2nd quarter. ZynergyRetirementPlanningLLC now owns 1,375 shares of the computer hardware maker's stock valued at $217,000 after purchasing an additional 104 shares in the last quarter. V. M. Manning & CO. Inc. purchased a new stake in NVIDIA during the second quarter worth $45,397,000. Q3 Asset Management acquired a new stake in NVIDIA in the second quarter valued at $207,000. American Trust increased its position in shares of NVIDIA by 28.0% in the second quarter. American Trust now owns 58,268 shares of the computer hardware maker's stock valued at $9,206,000 after buying an additional 12,736 shares in the last quarter. Finally, PVG Asset Management Corp raised its stake in shares of NVIDIA by 15.8% during the 2nd quarter. PVG Asset Management Corp now owns 5,817 shares of the computer hardware maker's stock worth $919,000 after buying an additional 793 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research analyst reports. Piper Sandler set a $225.00 price target on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Truist Financial raised their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Jefferies Financial Group upped their price objective on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Evercore ISI lifted their target price on NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.69.

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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