NVIDIA (NASDAQ:NVDA) Director Sells $555,439.60 in Stock

NVIDIA Corporation (NASDAQ:NVDAGet Free Report) Director John Dabiri sold 3,004 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the sale, the director directly owned 14,788 shares in the company, valued at $2,734,301.20. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NVIDIA Trading Down 0.7%

NVDA stock traded down $1.29 during midday trading on Tuesday, reaching $181.93. 181,667,851 shares of the company traded hands, compared to its average volume of 180,541,531. The firm has a market capitalization of $4.42 trillion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 0.61 and a beta of 2.33. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The business has a 50 day moving average of $185.25 and a 200-day moving average of $184.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The firm had revenue of $68.13 billion during the quarter, compared to analysts’ expectations of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The company’s quarterly revenue was up 73.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. As a group, sell-side analysts expect that NVIDIA Corporation 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 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is 0.82%.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in NVIDIA during the 4th quarter valued at $62,244,133,000. J. Stern & Co. LLP grew its position in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock worth $23,454,297,000 after buying an additional 124,849,603 shares in the last quarter. Cardano Risk Management B.V. increased its stake in shares of NVIDIA by 896.4% during the fourth quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker’s stock valued at $14,570,119,000 after buying an additional 70,283,539 shares during the period. Capital Research Global Investors increased its stake in shares of NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after buying an additional 22,896,705 shares during the period. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after acquiring an additional 21,725,326 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NVDA shares. Macquarie Infrastructure upgraded shares of NVIDIA to an “outperform” rating in a report on Monday, December 29th. Arete Research increased their price objective on shares of NVIDIA from $244.00 to $261.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of NVIDIA in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and set a $240.00 target price on shares of NVIDIA in a research report on Thursday, February 26th. Finally, Fundamental Research set a $218.00 target price on NVIDIA in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $274.21.

Check Out Our Latest Stock Report on NVDA

NVIDIA News Roundup

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NVIDIA Company Profile

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Insider Buying and Selling by Quarter for NVIDIA (NASDAQ:NVDA)

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