NVIDIA (NASDAQ:NVDA) Shares Down 0.9% After Insider Selling

NVIDIA Co. (NASDAQ:NVDA)’s share price was down 0.9% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $940.45 and last traded at $941.79. Approximately 17,429,981 shares were traded during trading, a decline of 67% from the average daily volume of 53,482,352 shares. The stock had previously closed at $950.02.

Specifically, Director John Dabiri sold 128 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,352 shares of company stock valued at $64,853,077. 3.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

NVDA has been the subject of a number of research analyst reports. Truist Financial increased their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Mizuho raised their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Wedbush reiterated an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a research report on Tuesday, March 19th. Raymond James raised their price target on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Finally, Susquehanna upped their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock a “positive” rating in a report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $908.68.

NVIDIA Trading Down 2.5 %

The stock has a market capitalization of $2.26 trillion, a P/E ratio of 75.59, a P/E/G ratio of 1.33 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $758.96 and its 200-day moving average price is $569.38.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue was up 265.3% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. As a group, equities research analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is currently 1.34%.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Studio Investment Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA in the 4th quarter valued at $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Peoples Financial Services CORP. purchased a new position in shares of NVIDIA during the third quarter worth $30,000. Finally, Your Advocates Ltd. LLP purchased a new stake in NVIDIA in the third quarter valued at $30,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.