NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 51,455 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $155.47, for a total transaction of $7,999,708.85. Following the completion of the sale, the director now directly owns 1,730,341 shares in the company, valued at approximately $269,016,115.27. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A Brooke Seawell also recently made the following trade(s):
- On Friday, June 27th, A Brooke Seawell sold 50,980 shares of NVIDIA stock. The shares were sold at an average price of $156.92, for a total transaction of $7,999,781.60.
- 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 value of $8,000,010.66.
- On Tuesday, June 24th, A Brooke Seawell sold 54,467 shares of NVIDIA stock. The stock was 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 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 stock was sold at an average price of $144.71, for a total transaction of $7,999,858.22.
NVIDIA Price Performance
NVIDIA stock traded up $2.73 during trading hours on Friday, hitting $157.75. 258,593,751 shares of the stock were exchanged, compared to its average volume of 269,381,039. The stock has a market capitalization of $3.85 trillion, a P/E ratio of 50.83, a P/E/G ratio of 1.37 and a beta of 2.12. The business's 50-day moving average is $129.83 and its two-hundred day moving average is $126.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $158.68.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm's revenue was up 69.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued 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 is Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.
Institutional Trading of NVIDIA
A number of hedge funds and other institutional investors have recently made changes to their positions in NVDA. Elevate Wealth Advisory Inc. raised its stake in shares of NVIDIA by 1.7% in the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after acquiring an additional 77 shares during the last quarter. SC&H Financial Advisors Inc. grew its stake in shares of NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after purchasing an additional 80 shares during the last quarter. DecisionPoint Financial LLC increased its holdings in shares of NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after purchasing an additional 80 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of NVIDIA by 0.7% in the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock valued at $1,228,000 after purchasing an additional 81 shares in the last quarter. Finally, BCR Wealth Strategies LLC raised its position in NVIDIA by 3.1% in the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock worth $391,000 after purchasing an additional 89 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have weighed in on NVDA shares. Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $175.78.
Read Our Latest Analysis on NVIDIA
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.
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