A Brooke Seawell Sells 50,300 Shares of NVIDIA Corporation (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 50,300 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $159.05, for a total value of $8,000,215.00. Following the transaction, the director owned 1,924,484 shares of the company's stock, valued at $306,089,180.20. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, July 10th, A Brooke Seawell sold 49,131 shares of NVIDIA stock. The shares were sold at an average price of $162.83, for a total value of $8,000,000.73.
• On Wednesday, July 9th, A Brooke Seawell sold 48,971 shares of NVIDIA stock. The shares were sold at an average price of $163.36, for a total value of $7,999,902.56.
• On Monday, July 7th, A Brooke Seawell sold 50,514 shares of NVIDIA stock. The shares were 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 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 shares were 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 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 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 stock was sold at an average price of $146.88, for a total value of $8,000,112.96.

NVIDIA Stock Up 0.5%

Shares of NVDA stock traded up $0.82 during trading hours on Friday, reaching $164.92. The company had a trading volume of 191,607,582 shares, compared to its average volume of 258,673,984. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $167.89. 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 business has a fifty day simple moving average of $140.52 and a 200-day simple moving average of $128.60. The company has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's payout ratio is presently 1.29%.

Institutional Trading of NVIDIA

Several hedge funds have recently made changes to their positions in the company. GSB Wealth Management LLC grew its position in NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC raised its position in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Financial Perspectives Inc raised its position in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. Hickory Point Bank & Trust bought a new position in NVIDIA during the 4th quarter valued at approximately $2,272,000. Finally, Pegasus Asset Management Inc. raised its position in NVIDIA by 0.3% during the 1st quarter. Pegasus Asset Management Inc. now owns 76,750 shares of the computer hardware maker's stock valued at $8,318,000 after purchasing an additional 197 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NVDA. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Piper Sandler reissued an "overweight" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, Truist Financial upped their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $177.03.

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.