Insider Selling: NVIDIA Co. (NASDAQ:NVDA) Director Sells $17,991,715.50 in Stock

NVIDIA Co. (NASDAQ:NVDAGet Rating) Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction on Monday, June 13th. The shares were sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the sale, the director now directly owns 2,596,493 shares of the company’s stock, valued at approximately $410,323,788.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NASDAQ NVDA opened at $158.80 on Friday. The stock has a market capitalization of $397 billion, a P/E ratio of 42.57, a PEG ratio of 2.22 and a beta of 1.59. The stock’s 50 day moving average price is $185.73 and its two-hundred day moving average price is $236.14. NVIDIA Co. has a 52-week low of $153.28 and a 52-week high of $346.47. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.07. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The business’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. On average, analysts anticipate that NVIDIA Co. will post 4.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, June 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.10%. NVIDIA’s payout ratio is currently 4.29%.

A number of equities analysts have issued reports on the stock. Susquehanna cut their price objective on shares of NVIDIA from $280.00 to $260.00 in a report on Thursday, May 26th. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a report on Monday, March 7th. They set a “neutral” rating and a $245.00 price objective on the stock. New Street Research raised shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price objective on the stock in a report on Wednesday, April 13th. Truist Financial cut their price objective on shares of NVIDIA to $283.00 in a report on Thursday, May 26th. Finally, Oppenheimer cut their price objective on shares of NVIDIA from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Seven investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $270.97.

Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. Norges Bank acquired a new position in shares of NVIDIA in the fourth quarter worth $6,279,217,000. Bank of New York Mellon Corp grew its position in NVIDIA by 294.8% during the third quarter. Bank of New York Mellon Corp now owns 24,476,208 shares of the computer hardware maker’s stock worth $5,070,488,000 after buying an additional 18,277,063 shares in the last quarter. Janus Henderson Group PLC grew its position in NVIDIA by 288.1% during the third quarter. Janus Henderson Group PLC now owns 17,832,017 shares of the computer hardware maker’s stock worth $3,694,005,000 after buying an additional 13,237,122 shares in the last quarter. GQG Partners LLC boosted its holdings in NVIDIA by 307.4% during the third quarter. GQG Partners LLC now owns 15,135,970 shares of the computer hardware maker’s stock valued at $3,135,357,000 after purchasing an additional 11,420,612 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in NVIDIA by 296.4% during the third quarter. UBS Asset Management Americas Inc. now owns 13,108,247 shares of the computer hardware maker’s stock valued at $2,715,504,000 after purchasing an additional 9,801,806 shares in the last quarter. 55.19% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Company Profile (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

Further Reading

Insider Buying and Selling by Quarter for NVIDIA (NASDAQ:NVDA)

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