NVIDIA (NASDAQ:NVDA) Director Sells $35,494,000.00 in Stock

Key Points

• NVIDIA Director Mark Stevens sold 200,000 shares of stock for approximately $35.5 million, decreasing his ownership by 2.42% and retaining 8,047,600 shares valued at about $1.43 billion.
• The company announced a quarterly dividend of $0.01 per share, with a payout ratio of 1.14%, and the dividend will be paid on October 2nd to shareholders of record as of September 11th.
• NVIDIA's earnings report showed a 55.6% increase in revenue year-over-year, with earnings per share of $1.05 exceeding estimates, and analysts anticipate an EPS of 2.77 for the current fiscal year.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director Mark Stevens sold 200,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $177.47, for a total transaction of $35,494,000.00. Following the transaction, the director owned 8,047,600 shares of the company's stock, valued at $1,428,207,572. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NVIDIA Trading Down 0.0%

Shares of NASDAQ NVDA traded down $0.07 during midday trading on Monday, reaching $177.75. 146,727,611 shares of the stock were exchanged, compared to its average volume of 176,170,848. The stock has a 50 day moving average price of $174.42 and a 200-day moving average price of $141.80. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a market capitalization of $4.32 trillion, a P/E ratio of 52.45, a P/E/G ratio of 1.29 and a beta of 2.10.

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

NVIDIA Dividend Announcement

The firm also recently announced 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 payout ratio is presently 1.14%.

Hedge Funds Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Morton Brown Family Wealth LLC grew its stake in shares of NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker's stock worth $621,000 after acquiring an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC lifted its holdings in shares of NVIDIA by 0.3% during the second quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker's stock valued at $3,302,000 after acquiring an additional 58 shares during the period. Alpha Wealth Funds LLC lifted its holdings in shares of NVIDIA by 1.3% during the second quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker's stock valued at $732,000 after acquiring an additional 59 shares during the period. Copia Wealth Management lifted its holdings in shares of NVIDIA by 14.7% during the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker's stock valued at $74,000 after acquiring an additional 60 shares during the period. Finally, BKM Wealth Management LLC increased its stake in shares of NVIDIA by 1.1% in the second quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker's stock valued at $908,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on NVDA shares. Barclays boosted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Evercore ISI upped their price objective on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, BNP Paribas raised shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $207.83.

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.

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