NVIDIA (NASDAQ:NVDA) Shares Down 1.3% Following Insider Selling

NVIDIA Co. (NASDAQ:NVDA)’s share price fell 1.3% during mid-day trading on Monday following insider selling activity. The company traded as low as $118.83 and last traded at $121.98. 106,922,492 shares were traded during trading, a decline of 78% from the average session volume of 481,639,313 shares. The stock had previously closed at $123.54.

Specifically, Director Mark A. Stevens sold 227,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 10,521,330 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 227,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 10,521,330 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $128.17, for a total value of $576,765.00. Following the completion of the sale, the insider now owns 503,878 shares of the company’s stock, valued at approximately $64,582,043.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,866,590 shares of company stock valued at $324,317,704. 4.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on NVIDIA from $116.00 to $144.00 and gave the company an “overweight” rating in a report on Monday. Citigroup increased their target price on shares of NVIDIA from $126.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Truist Financial restated a “buy” rating and set a $140.00 price target (up from $128.80) on shares of NVIDIA in a report on Thursday, June 27th. Mizuho increased their price objective on NVIDIA from $118.00 to $127.50 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Evercore ISI boosted their target price on NVIDIA from $131.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, June 11th. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.34.

NVIDIA Trading Up 0.6 %

The firm has a market cap of $3.06 trillion, a P/E ratio of 72.69, a PEG ratio of 1.30 and a beta of 1.68. The company’s 50 day moving average is $106.24 and its two-hundred day moving average is $83.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company’s quarterly revenue was up 262.1% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. On average, sell-side analysts predict that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date was Tuesday, June 11th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is 2.34%.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDA. Baader Bank Aktiengesellschaft raised its holdings in shares of NVIDIA by 34.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock worth $21,896,000 after buying an additional 11,445 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of NVIDIA by 16.3% during the fourth quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock valued at $6,080,000 after acquiring an additional 1,724 shares during the period. Shared Vision Wealth Group LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at $269,000. Grand Alliance Asset Management Ltd bought a new stake in shares of NVIDIA in the 4th quarter worth about $29,961,000. Finally, OMNI 360 Wealth Inc. acquired a new stake in shares of NVIDIA during the 4th quarter worth about $240,000. 65.27% of the stock is owned by institutional investors.

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.