NVIDIA (NASDAQ:NVDA) Director Sells $63,605,500.00 in Stock

NVIDIA Corporation (NASDAQ:NVDA) Director Mark Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the completion of the sale, the director directly owned 7,049,803 shares in the company, valued at $1,281,160,699.19. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded down $0.58 during midday trading on Tuesday, reaching $184.97. 143,932,089 shares of the company’s stock were exchanged, compared to its average volume of 224,510,859. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The company’s 50 day simple moving average is $187.20 and its two-hundred day simple moving average is $172.73. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The firm has a market capitalization of $4.49 trillion, a PE ratio of 45.90, a price-to-earnings-growth ratio of 0.90 and a beta of 2.29.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio is currently 0.99%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NVDA. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Rothschild & Co Redburn increased their target price on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, November 17th. HSBC set a $320.00 target price on shares of NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley lifted their price target on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Finally, Argus restated a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $258.65.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its holdings in shares of 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 worth $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. Norges Bank acquired a new stake in shares of NVIDIA during the 2nd quarter worth about $51,386,863,000. Nuveen LLC acquired a new position in NVIDIA in the 1st quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. raised its holdings in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Finally, Capital Research Global Investors grew its position in shares of NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares during 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.