A Brooke Seawell Sells 12,728 Shares of NVIDIA (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA) Director A Brooke Seawell sold 12,728 shares of NVIDIA stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total value of $2,341,061.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NVIDIA Trading Up 2.1%

Shares of NVDA traded up $3.79 during mid-day trading on Thursday, hitting $183.38. The company had a trading volume of 166,516,273 shares, compared to its average volume of 225,293,125. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The business’s 50-day simple moving average is $186.94 and its 200-day simple moving average is $171.41. The stock has a market cap of $4.46 trillion, a PE ratio of 45.50, a P/E/G ratio of 0.89 and a beta of 2.29. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NVDA shares. UBS Group reiterated a “buy” rating and issued a $235.00 target price on shares of NVIDIA in a report on Thursday, November 20th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Loop Capital boosted their target price on NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Melius Research increased their target price on shares of NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, KeyCorp lifted their price target on shares of NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $258.65.

Institutional Trading of NVIDIA

Large investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after acquiring an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC boosted its holdings in NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its stake in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA during the 2nd quarter worth approximately $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after purchasing an additional 5,896,735 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.