NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 49,131 shares of NVIDIA stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the completion of the transaction, the director directly owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
A Brooke Seawell also recently made the following trade(s):
- On Wednesday, July 9th, A Brooke Seawell sold 48,971 shares of NVIDIA stock. The stock was sold at an average price of $163.36, for a total value of $7,999,902.56.
- On Tuesday, July 8th, A Brooke Seawell sold 50,300 shares of NVIDIA stock. The stock was sold at an average price of $159.05, for a total value of $8,000,215.00.
- 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 value of $7,999,902.18.
- On Wednesday, July 2nd, A Brooke Seawell sold 51,411 shares of NVIDIA stock. The stock was 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 shares were 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 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 value 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 value 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 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.
NVIDIA Price Performance
Shares of NVIDIA stock traded up $0.82 during trading on Friday, reaching $164.92. The company's stock had a trading volume of 193,205,730 shares, compared to its average volume of 266,042,149. 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 Corporation has a 12-month low of $86.62 and a 12-month high of $167.89. The company has a market capitalization of $4.02 trillion, a P/E ratio of 53.20, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13. The business has a 50 day moving average price of $141.53 and a 200-day moving average price of $128.62.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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). The firm 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 firm's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA's payout ratio is 1.29%.
Institutional Trading of NVIDIA
Institutional investors have recently bought and sold shares of the company. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at $38,000. Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Copia Wealth Management purchased a new stake in shares of NVIDIA in the fourth quarter valued at $50,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the first quarter valued at $51,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on NVDA. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Rosenblatt Securities increased their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $177.03.
Read Our Latest Stock Report on NVDA
About NVIDIA
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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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