NVIDIA (NASDAQ:NVDA) Shares Down 1.4% Following Insider Selling

NVIDIA Co. (NASDAQ:NVDAGet Free Report) was down 1.4% on Friday after an insider sold shares in the company. The stock traded as low as $125.68 and last traded at $126.43. Approximately 85,469,044 shares traded hands during trading, a decline of 82% from the average daily volume of 475,728,594 shares. The stock had previously closed at $128.28.

Specifically, Director Dawn E. Hudson sold 150,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the sale, the director now owns 555,000 shares of the company’s stock, valued at approximately $58,785,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, Director Dawn E. Hudson sold 150,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the sale, the director now owns 555,000 shares of the company’s stock, valued at approximately $58,785,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 50,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $114.00, for a total value of $5,700,200.00. Following the sale, the director now directly owns 505,000 shares in the company, valued at approximately $57,572,020. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,999,590 shares of company stock valued at $348,994,385. 4.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Melius Research raised their price objective on NVIDIA from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. HSBC raised their price objective on NVIDIA from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Argus raised their price objective on NVIDIA from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Stifel Nicolaus lifted their price target on NVIDIA from $91.00 to $108.50 and gave the stock a “buy” rating in a research report on Monday, May 20th. Six analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.34.

View Our Latest Analysis on NVDA

NVIDIA Stock Down 1.9 %

The firm has a market capitalization of $3.10 trillion, a PE ratio of 73.58, a price-to-earnings-growth ratio of 1.35 and a beta of 1.68. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $110.59 and a 200-day moving average price of $86.17.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The firm’s revenue was up 262.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 2.53 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 11th. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. NVIDIA’s dividend payout ratio (DPR) is currently 2.34%.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently bought and sold shares of NVDA. FPC Investment Advisory Inc. purchased a new position in shares of NVIDIA during the first quarter worth about $26,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC purchased a new stake in NVIDIA in the 4th quarter worth approximately $28,000. Finally, HBC Financial Services PLLC purchased a new stake in NVIDIA in the 1st quarter worth approximately $30,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

About NVIDIA

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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.

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