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 NVIDIA stock in a transaction that occurred on 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 directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NVIDIA Stock Performance

NVIDIA stock traded down $2.14 during mid-day trading on Monday, reaching $119.53. The company had a trading volume of 254,613,433 shares, compared to its average volume of 320,120,699. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a 50 day moving average of $129.26 and a 200-day moving average of $131.23. The firm has a market cap of $2.92 trillion, a price-to-earnings ratio of 47.04, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating 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 firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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 issued 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 made changes to their positions in NVDA. Members Wealth LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $1,616,000. Tableaux LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $268,000. Keystone Financial Services LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $1,020,000. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of NVIDIA in the 4th quarter valued at about $1,288,798,000. Finally, Silver Oak Wealth Advisors Services LLC bought a new position in NVIDIA during the 4th quarter worth approximately $591,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. DA Davidson reissued a “neutral” rating and issued a $135.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Oppenheimer restated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target 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.