NVIDIA (NASDAQ:NVDA) Director Mark Stevens Sells 297,797 Shares

Key Points

• Mark Stevens, a director at NVIDIA, sold 297,797 shares of the company on September 12, bringing his direct ownership down by 3.70% to approximately 7.75 million shares.
• NVIDIA reported a quarterly earnings per share (EPS) of $1.05, exceeding analyst expectations, and a revenue of $46.74 billion, up 55.6% year-over-year.
• Several brokerages have recently raised their price targets for NVIDIA, with KeyCorp setting a target at $230.00, reflecting strong analyst confidence in the stock's performance.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director Mark Stevens sold 297,797 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director directly owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This represents a 3.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NVIDIA Stock Performance

Shares of NVDA stock traded down $0.07 during midday trading on Monday, hitting $177.75. The company had a trading volume of 146,727,611 shares, compared to its average volume of 176,170,848. The company's 50 day simple moving average is $174.42 and its 200 day simple moving average is $141.80. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The stock has a market cap of $4.32 trillion, a price-to-earnings ratio of 52.45, a PEG ratio of 1.29 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NVDA. KeyCorp reaffirmed an "overweight" rating and issued a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Truist Financial increased their price target on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. UBS Group raised their target price on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Morgan Stanley raised their target price on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Citigroup lowered their price target on NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.83.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently modified their holdings of the stock. Harbor Asset Planning Inc. bought a new position in NVIDIA during the second quarter worth about $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the second quarter worth $32,000. Longfellow Investment Management Co. LLC boosted its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the second quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in 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. 65.27% of the stock is owned by institutional investors and hedge funds.

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.

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