NVIDIA Corporation (NASDAQ:NVDA) Director A Brooke Seawell Sells 51,411 Shares

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 51,411 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $155.61, for a total transaction of $8,000,065.71. Following the completion of the transaction, the director directly owned 2,025,298 shares of the company's stock, valued at approximately $315,156,621.78. This represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A Brooke Seawell also recently made the following trade(s):

• On Monday, July 7th, A Brooke Seawell sold 50,514 shares of NVIDIA stock. The stock was sold at an average price of $158.37, for a total transaction of $7,999,902.18.
• On Tuesday, July 1st, A Brooke Seawell sold 51,740 shares of NVIDIA stock. The stock was sold at an average price of $154.62, for a total transaction of $8,000,038.80.
• On Monday, June 30th, A Brooke Seawell sold 50,912 shares of NVIDIA stock. The stock was sold at an average price of $157.13, for a total transaction of $7,999,802.56.
• On Friday, June 27th, A Brooke Seawell sold 50,980 shares of NVIDIA stock. The stock was sold at an average price of $156.92, for a total transaction of $7,999,781.60.
• On Thursday, June 26th, A Brooke Seawell sold 51,455 shares of NVIDIA stock. The stock was sold at an average price of $155.47, for a total transaction of $7,999,708.85.
• On Wednesday, June 25th, A Brooke Seawell sold 52,774 shares of NVIDIA stock. The shares were sold at an average price of $151.59, for a total transaction of $8,000,010.66.
• On Tuesday, June 24th, A Brooke Seawell sold 54,467 shares of NVIDIA stock. The shares were sold at an average price of $146.88, for a total transaction of $8,000,112.96.
• On Monday, June 23rd, A Brooke Seawell sold 55,681 shares of NVIDIA stock. The shares were sold at an average price of $143.67, for a total transaction of $7,999,689.27.
• On Friday, June 20th, A Brooke Seawell sold 55,282 shares of NVIDIA stock. The shares were sold at an average price of $144.71, for a total transaction of $7,999,858.22.

NVIDIA Stock Up 1.1%

Shares of NASDAQ NVDA traded up $1.69 on Tuesday, reaching $159.93. 85,453,177 shares of the company's stock traded hands, compared to its average volume of 267,143,345. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $160.98. The business's 50 day simple moving average is $137.37 and its two-hundred day simple moving average is $127.97. The company has a market cap of $3.90 trillion, a price-to-earnings ratio of 51.59, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the business posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Institutional Investors Weigh In On NVIDIA

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC grew its position in NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD grew its position in NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares during the period. Norges Bank bought a new stake in NVIDIA in the 4th quarter worth approximately $43,515,504,000. Finally, Northern Trust Corp grew its position in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Raymond James Financial upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Barclays boosted their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. Finally, Citigroup increased their target price on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.47.

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.