NVIDIA Co. (NASDAQ:NVDA) Director Sells $2,368,400.00 in Stock

NVIDIA Co. (NASDAQ:NVDA) Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NVIDIA Price Performance

NVDA opened at $117.70 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $2.87 trillion, a P/E ratio of 46.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company’s 50 day simple moving average is $126.92 and its 200-day simple moving average is $131.02. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NVDA. Prostatis Group LLC lifted its holdings in NVIDIA by 5.2% in the fourth quarter. Prostatis Group LLC now owns 26,004 shares of the computer hardware maker’s stock valued at $3,492,000 after buying an additional 1,294 shares during the period. Fairtree Asset Management Pty Ltd bought a new stake in shares of NVIDIA during the 4th quarter valued at $639,000. M1 Capital Management LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $1,514,000. DSG Capital Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $17,052,000. Finally, Chancellor Financial Group WB LP bought a new stake in NVIDIA in the fourth quarter valued at about $3,966,000. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. DA Davidson decreased their target price on NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial upped their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $171.51.

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.