NVIDIA Corporation (NASDAQ:NVDA) Director Sells $7,999,902.18 in Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 50,514 shares of NVIDIA stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $158.37, for a total value of $7,999,902.18. Following the sale, the director directly owned 1,974,784 shares in the company, valued at $312,746,542.08. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, July 2nd, A Brooke Seawell sold 51,411 shares of NVIDIA stock. The shares were sold at an average price of $155.61, for a total value of $8,000,065.71.
• 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 value 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 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 value 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 value 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 value 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 shares were sold at an average price of $143.67, for a total value 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 value of $7,999,858.22.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $1.10 during trading on Monday, reaching $158.24. 139,752,171 shares of the stock traded hands, compared to its average volume of 267,843,050. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $160.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a 50-day moving average of $136.38 and a 200-day moving average of $127.81. The stock has a market capitalization of $3.86 trillion, a P/E ratio of 51.05, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13.

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

NVIDIA Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Institutional Trading of NVIDIA

Institutional investors have recently added to or reduced their stakes in the stock. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter worth approximately $50,000. LSV Asset Management bought a new position in NVIDIA during the 4th quarter worth approximately $54,000. Finally, Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% during the 1st 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 last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NVDA shares. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Truist Financial boosted their price target on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Loop Capital boosted their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Rosenblatt Securities boosted their price objective on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $176.47.

About NVIDIA

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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