Key Points
- Director A Brooke Seawell sold 12,728 NVDA shares on December 2 at an average price of $183.93 for a total of $2,341,061.04, according to an SEC filing.
- NVIDIA reported strong quarterly results, with $57.01 billion in revenue (up 62.5% year‑over‑year) and EPS of $1.30 beating estimates, and analysts maintain a consensus "Buy" rating with an average target of $258.65.
NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director A Brooke Seawell sold 12,728 shares of the firm's stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total transaction of $2,341,061.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
NVIDIA Stock Performance
Shares of NASDAQ NVDA opened at $181.87 on Friday. The stock's fifty day simple moving average is $187.05 and its 200 day simple moving average is $171.50. The stock has a market capitalization of $4.42 trillion, a price-to-earnings ratio of 45.17, a PEG ratio of 0.88 and a beta of 2.29. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the business posted $0.81 earnings per share. NVIDIA's revenue was up 62.5% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA's dividend payout ratio is 0.99%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Jefferies Financial Group restated a "buy" rating and issued a $250.00 target price (up previously from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Loop Capital boosted their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, November 3rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on NVIDIA from $180.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday, November 20th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and an average target price of $258.65.
View Our Latest Report on NVIDIA
Hedge Funds Weigh In On NVIDIA
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Center for Financial Planning Inc. increased its position in NVIDIA by 4.6% in the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker's stock worth $1,332,000 after purchasing an additional 367 shares during the period. Atria Investments Inc boosted its position in shares of NVIDIA by 3.2% in the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker's stock worth $148,859,000 after purchasing an additional 29,479 shares during the last quarter. Fielder Capital Group LLC grew its stake in shares of NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker's stock worth $5,470,000 after purchasing an additional 4,444 shares during the period. MADDEN SECURITIES Corp increased its holdings in NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker's stock valued at $12,848,000 after purchasing an additional 2,484 shares during the last quarter. Finally, ORG Wealth Partners LLC lifted its stake in NVIDIA by 7.7% in the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker's stock valued at $7,560,000 after buying an additional 3,542 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.
About NVIDIA
(
Get Free Report)
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.
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