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 firm's stock in a transaction that occurred on 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 transaction, the director directly owned 1,924,484 shares of the company's stock, valued at $306,089,180.20. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was 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 stock was sold at an average price of $158.37, for a total transaction 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 transaction 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 shares were 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 Trading Up 0.5%

NASDAQ:NVDA traded up $0.82 during trading hours on Friday, hitting $164.92. The company had a trading volume of 193,205,730 shares, compared to its average volume of 266,042,149. The company has a market capitalization of $4.02 trillion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13. The stock has a 50-day moving average price of $141.53 and a 200 day moving average price of $128.62. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company 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 business's revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Oppenheimer reaffirmed an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Monday, June 16th. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.03.

Institutional Trading of NVIDIA

A number of hedge funds have recently modified their holdings of the business. Pachira Investments Inc. boosted its holdings in shares of NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after buying an additional 63 shares in the last quarter. HFG Wealth Management LLC boosted its holdings in shares of NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after buying an additional 68 shares in the last quarter. Burkett Financial Services LLC boosted its holdings in shares of NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after buying an additional 70 shares in the last quarter. Guided Capital Wealth Management LLC raised its position in shares of NVIDIA by 0.3% in the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock worth $4,401,000 after purchasing an additional 70 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. raised its position in shares of NVIDIA by 0.4% in the 2nd quarter. Luts & Greenleigh Group Inc. now owns 19,894 shares of the computer hardware maker's stock worth $3,143,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

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.