NVIDIA (NASDAQ:NVDA) Shares Down 0.9% on Insider Selling

NVIDIA Co. (NASDAQ:NVDA) shares were down 0.9% on Tuesday after an insider sold shares in the company. The stock traded as low as $940.45 and last traded at $941.79. Approximately 17,429,981 shares traded hands during trading, a decline of 67% from the average daily volume of 53,482,352 shares. The stock had previously closed at $950.02.

Specifically, EVP Debora Shoquist sold 5,676 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the sale, the executive vice president now owns 48,360 shares of the company’s stock, valued at $24,180,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Debora Shoquist sold 5,676 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the sale, the executive vice president now owns 48,360 shares in the company, valued at $24,180,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,352 shares of company stock worth $64,853,077. Corporate insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $1,100.00 price objective on shares of NVIDIA in a research report on Tuesday, February 20th. Truist Financial boosted their price target on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Raymond James increased their target price on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th. Finally, Tigress Financial boosted their target price on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $908.68.

NVIDIA Stock Performance

The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.59, a PEG ratio of 1.33 and a beta of 1.73. The company’s 50-day simple moving average is $758.96 and its 200-day simple moving average is $569.38. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the previous year, the business earned $0.65 EPS. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, analysts expect that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

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

Institutional Investors Weigh In On NVIDIA

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in NVIDIA by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 204,507,576 shares of the computer hardware maker’s stock worth $101,276,242,000 after purchasing an additional 827,377 shares during the period. Geode Capital Management LLC increased its stake in shares of NVIDIA by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock valued at $12,763,663,000 after acquiring an additional 267,061 shares in the last quarter. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter valued at $14,606,369,000. Morgan Stanley boosted its stake in NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after acquiring an additional 4,621,002 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after purchasing an additional 910,009 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.