NVIDIA Co. (NASDAQ:NVDA) Director Sells $6,158,388.76 in Stock

NVIDIA Co. (NASDAQ:NVDA) Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NVIDIA Trading Down 1.8 %

NASDAQ:NVDA opened at $119.53 on Tuesday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a market cap of $2.92 trillion, a PE ratio of 47.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company has a 50 day simple moving average of $128.66 and a two-hundred day simple moving average of $131.24.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently modified their holdings of the business. Members Wealth LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $1,616,000. Tableaux LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $268,000. Keystone Financial Services LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $1,020,000. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of NVIDIA during the 4th quarter valued at $1,288,798,000. Finally, Silver Oak Wealth Advisors Services LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at $591,000. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 price objective (up from $152.00) on shares of NVIDIA in a research note on Wednesday, February 26th. DA Davidson reaffirmed a “neutral” rating and set a $135.00 price objective on shares of NVIDIA in a research note on Thursday, February 27th. Bank of America upped their price objective on shares of NVIDIA from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.51.

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.