NVIDIA Corporation (NASDAQ:NVDA) Director Sells $7,999,858.22 in Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 55,282 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $144.71, for a total transaction of $7,999,858.22. Following the transaction, the director now owns 1,944,718 shares in the company, valued at $281,420,141.78. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 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.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $3.73 during trading hours on Tuesday, reaching $147.90. The stock had a trading volume of 187,010,174 shares, compared to its average volume of 270,622,203. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The stock has a 50 day simple moving average of $127.04 and a 200 day simple moving average of $126.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market cap of $3.61 trillion, a P/E ratio of 47.27, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. On average, 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 will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Oppenheimer reiterated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NVDA. Norges Bank bought a new stake in shares of NVIDIA in the fourth quarter worth about $43,515,504,000. Nuveen LLC purchased a new stake in NVIDIA in the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. grew its position in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

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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