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 transaction of $8,000,215.00. Following the completion of the sale, the director owned 1,924,484 shares in the company, valued at approximately $306,089,180.20. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 transaction of $8,000,000.73.
- 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 transaction 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 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 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 transaction 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 transaction 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 transaction 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 Performance
Shares of NASDAQ:NVDA traded up $1.22 during trading on Thursday, hitting $164.10. 167,093,998 shares of the stock were exchanged, compared to its average volume of 266,706,768. The company has a market capitalization of $4.00 trillion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. 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 1-year low of $86.62 and a 1-year high of $164.70. The company's fifty day simple moving average is $139.47 and its 200-day simple moving average is $128.43.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio is currently 1.29%.
Institutional Investors Weigh In On NVIDIA
Several institutional investors and hedge funds have recently made changes to their positions in NVDA. FMR LLC raised its stake in shares of NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC raised its position in NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA during the fourth quarter worth $43,515,504,000. Finally, Northern Trust Corp increased its stake in shares of NVIDIA by 15.8% in 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 buying an additional 36,266,817 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on NVDA shares. Rosenblatt Securities raised their price objective on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Loop Capital increased their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.03.
Read Our Latest Stock Report on NVDA
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.
Further Reading
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