NVIDIA Corporation (NASDAQ:NVDA) Director A Brooke Seawell Sells 51,740 Shares

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 51,740 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares of the company's stock, valued at $243,790,745.58. The trade was a 3.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 30th, A Brooke Seawell sold 50,912 shares of NVIDIA stock. The shares were sold at an average price of $157.13, for a total value 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 shares were 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 stock was 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 value of $8,000,112.96.
• On Monday, June 23rd, A Brooke Seawell sold 55,681 shares of NVIDIA stock. The stock was 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 1.3%

Shares of NVDA stock traded up $2.03 during trading hours on Friday, hitting $159.28. 143,716,055 shares of the company were exchanged, compared to its average volume of 268,139,289. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $160.98. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $136.38 and a two-hundred day moving average of $127.84. The company has a market capitalization of $3.89 trillion, a PE ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13.

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

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the topic of several recent analyst reports. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Bank of America increased their target price on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Finally, Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $176.19.

Institutional Trading of NVIDIA

A number of hedge funds have recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $38,000. Kathleen S. Wright Associates Inc. boosted its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Copia Wealth Management acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $50,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter valued at approximately $51,000. 65.27% of the stock is owned by institutional investors and hedge funds.

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.