NVIDIA (NASDAQ:NVDA) Shares Down 2.1% After Insider Selling

Key Points

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Shares of NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) were down 2.1% on Tuesday after an insider sold shares in the company. The stock traded as low as $177.30 and last traded at $178.12. Approximately 60,465,728 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 240,235,344 shares. The stock had previously closed at $182.01.

Specifically, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $181.38, for a total value of $13,603,500.00. Following the sale, the chief executive officer owned 72,998,225 shares in the company, valued at approximately $13,240,418,050.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $182.74, for a total value of $13,705,500.00. Following the completion of the sale, the chief executive officer directly owned 73,148,225 shares of the company's stock, valued at approximately $13,367,106,636.50. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Mizuho increased their price objective on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Truist Financial increased their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. The Goldman Sachs Group began coverage on NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research note on Monday. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $189.28.

NVIDIA Stock Performance

The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.36 trillion, a price-to-earnings ratio of 57.46, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The stock has a fifty day moving average price of $164.75 and a 200 day moving average price of $135.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The firm's revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $28,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC grew its holdings in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $40,000. Finally, Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds 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.

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