NVIDIA Co. (NASDAQ:NVDA) Insider Sells $410,229.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NVIDIA Stock Performance

Shares of NVDA stock opened at $902.50 on Thursday. The stock has a market capitalization of $2.26 trillion, a PE ratio of 75.59, a price-to-earnings-growth ratio of 1.37 and a beta of 1.73. NVIDIA Co. has a 52-week low of $258.50 and a 52-week high of $974.00. The stock’s 50-day moving average price is $758.96 and its 200 day moving average price is $569.38. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, equities research analysts forecast that NVIDIA Co. will post 22.4 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. DA Davidson upped their price objective on shares of NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Susquehanna upped their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock a “positive” rating in a report on Tuesday, March 19th. Mizuho upped their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Piper Sandler upped their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, CICC Research began coverage on shares of NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price on the stock. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $908.68.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently added to or reduced their stakes in the business. Moody Lynn & Lieberson LLC boosted its holdings in NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares in the last quarter. TrueMark Investments LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $2,639,000. McLean Asset Management Corp boosted its stake in shares of NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 186 shares in the last quarter. Shilanski & Associates Inc. boosted its stake in shares of NVIDIA by 15.9% during the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after acquiring an additional 410 shares in the last quarter. Finally, WealthPLAN Partners LLC boosted its stake in shares of NVIDIA by 14.3% during the 4th quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock worth $3,931,000 after acquiring an additional 996 shares in the last quarter. 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.