A Brooke Seawell Sells 54,467 Shares of NVIDIA Corporation (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDAGet Free Report) Director A Brooke Seawell sold 54,467 shares of NVIDIA stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $146.88, for a total value of $8,000,112.96. Following the sale, the director now owns 1,834,570 shares of the company’s stock, valued at approximately $269,461,641.60. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A Brooke Seawell also recently made the following trade(s):

  • On Monday, June 23rd, A Brooke Seawell sold 55,681 shares of NVIDIA stock. The shares were sold at an average price of $143.67, for a total transaction of $7,999,689.27.
  • On Friday, June 20th, A Brooke Seawell sold 55,282 shares of NVIDIA stock. The shares were sold at an average price of $144.71, for a total value of $7,999,858.22.

NVIDIA Stock Performance

NVDA opened at $154.31 on Thursday. The business’s 50-day moving average price is $128.75 and its two-hundred day moving average price is $126.78. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $155.76. The company has a market capitalization of $3.77 trillion, a price-to-earnings ratio of 49.78, a P/E/G ratio of 1.31 and a beta of 2.12. 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:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The business 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 company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVDA. Truist Financial lifted 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. William Blair reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Loop Capital upped their price target on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Finally, Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.78.

Read Our Latest Research Report on NVDA

Institutional Investors Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently modified their holdings of NVDA. FMR LLC raised its holdings in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker’s stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Geode Capital Management LLC boosted its position in shares of NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank bought a new position in NVIDIA in the fourth quarter valued at about $43,515,504,000. Finally, Northern Trust Corp grew its holdings in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Company Profile

(Get Free Report)

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.

See Also

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

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.