Mark Stevens Sells 350,000 Shares of NVIDIA (NASDAQ:NVDA) Stock

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

NVIDIA Trading Down 0.6%

Shares of NVDA stock opened at $183.78 on Thursday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a market capitalization of $4.47 trillion, a price-to-earnings ratio of 45.60, a PEG ratio of 0.91 and a beta of 2.29. The firm has a 50-day moving average price of $187.10 and a 200 day moving average price of $173.19. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The business 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%. The company’s revenue was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. Research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio is currently 0.99%.

Institutional Investors Weigh In On NVIDIA

Several institutional investors have recently bought and sold shares of NVDA. Strategic Investment Solutions Inc. IL raised its stake in shares of NVIDIA by 7.6% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 19,937 shares of the computer hardware maker’s stock valued at $3,720,000 after acquiring an additional 1,412 shares during the period. Crosspoint Financial LLC raised its position in NVIDIA by 1.6% in the third quarter. Crosspoint Financial LLC now owns 3,737 shares of the computer hardware maker’s stock valued at $697,000 after purchasing an additional 60 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of NVIDIA by 5.3% during the third quarter. Swiss Life Asset Management Ltd now owns 8,508,387 shares of the computer hardware maker’s stock worth $1,587,495,000 after purchasing an additional 427,202 shares in the last quarter. Steadtrust LLC boosted its position in shares of NVIDIA by 99.7% in the third quarter. Steadtrust LLC now owns 4,872 shares of the computer hardware maker’s stock worth $909,000 after buying an additional 2,432 shares during the period. Finally, Stillwater Wealth Management Group acquired a new stake in shares of NVIDIA in the third quarter valued at about $5,020,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NVDA shares. KeyCorp lifted their price objective on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Argus reaffirmed a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. BNP Paribas Exane increased their price objective on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Robert W. Baird set a $275.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $258.65.

NVIDIA Company Profile

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.