NVIDIA Corporation (NASDAQ:NVDA) Director A Brooke Seawell Sells 51,455 Shares

NVIDIA Corporation (NASDAQ:NVDA) Director A Brooke Seawell sold 51,455 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $155.47, for a total transaction of $7,999,708.85. Following the sale, the director now directly owns 1,730,341 shares of the company’s stock, valued at $269,016,115.27. This represents a 2.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 27th, A Brooke Seawell sold 50,980 shares of NVIDIA stock. The stock was sold at an average price of $156.92, for a total transaction of $7,999,781.60.
• On Wednesday, June 25th, A Brooke Seawell sold 52,774 shares of NVIDIA stock. The stock was sold at an average price of $151.59, for a total transaction of $8,000,010.66.
• On Tuesday, June 24th, A Brooke Seawell sold 54,467 shares of NVIDIA stock. The stock was sold at an average price of $146.88, for a total transaction of $8,000,112.96.
• On Monday, June 23rd, A Brooke Seawell sold 55,681 shares of NVIDIA stock. The stock was 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 stock was sold at an average price of $144.71, for a total transaction of $7,999,858.22.

NVIDIA Price Performance

Shares of NVDA opened at $157.75 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71. The firm has a market capitalization of $3.85 trillion, a PE ratio of 50.89, a PEG ratio of 1.40 and a beta of 2.12. The company’s 50-day moving average is $130.96 and its 200-day moving average is $126.97. 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:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The business’s revenue for the quarter was up 69.2% on a year-over-year basis. Equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.29%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $38,000. Kathleen S. Wright Associates Inc. lifted 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 acquiring an additional 254 shares during the period. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $50,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $51,000. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NVDA. KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. DA Davidson increased their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 29th. Finally, Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $175.78.

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.