NVIDIA Co. (NASDAQ:NVDA - Get Free Report) Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
NVIDIA Stock Up 3.2 %
Shares of NVIDIA stock traded up $3.71 during trading on Monday, hitting $121.41. The company's stock had a trading volume of 227,536,150 shares, compared to its average volume of 314,768,263. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a fifty day simple moving average of $126.68 and a two-hundred day simple moving average of $131.46. The company has a market capitalization of $2.96 trillion, a PE ratio of 47.78, a P/E/G ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on NVDA. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, March 19th. HSBC dropped their price objective on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a report on Monday, January 13th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Finally, Barclays increased their price objective on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.
Get Our Latest Stock Report on NVDA
Institutional Trading of NVIDIA
Several institutional investors have recently added to or reduced their stakes in the business. Tacita Capital Inc purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the 4th quarter worth $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the fourth quarter valued at $40,000. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after acquiring an additional 140 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
About NVIDIA
(
Get Free Report)
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.
Featured Articles
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
