Key Points
- Director Harvey Jones sold 250,000 NVDA shares at an average price of $177.33 for about $44.33 million, leaving him with 6,933,280 shares (a 3.48% reduction in his stake).
- NVIDIA posted a strong quarter, beating EPS expectations with $1.30 EPS (vs. $1.23 est.) and reporting $57.01 billion in revenue, up 62.5% year‑over‑year with a 53.01% net margin.
- Analyst sentiment is bullish: NVIDIA has a consensus rating of "Buy" and an average price target of $258.65, with several firms raising targets into the $250–$275 range.
NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) Director Harvey Jones sold 250,000 shares of NVIDIA stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $177.33, for a total value of $44,332,500.00. Following the sale, the director owned 6,933,280 shares of the company's stock, valued at approximately $1,229,478,542.40. This represents a 3.48% 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 this hyperlink.
NVIDIA Price Performance
Shares of NVDA opened at $170.94 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a market cap of $4.15 trillion, a PE ratio of 42.42, a PEG ratio of 0.87 and a beta of 2.29. The firm's 50 day moving average price is $186.00 and its 200 day moving average price is $174.63. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the prior year, the business posted $0.81 EPS. NVIDIA's quarterly revenue was up 62.5% on a year-over-year basis. As a group, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 0.99%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Wells Fargo & Company reiterated an "overweight" rating and set a $265.00 price target (up previously from $220.00) on shares of NVIDIA in a research note on Friday, November 14th. Oppenheimer reiterated an "outperform" rating and set a $265.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Benchmark boosted their price objective on shares of NVIDIA from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, November 20th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Tuesday, December 9th. Finally, Bank of America boosted their target price on shares of NVIDIA from $235.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Buy" and an average price target of $258.65.
View Our Latest Stock Analysis on NVDA
Institutional Investors Weigh In On NVIDIA
A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock worth $154,556,803,000 after buying an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NVIDIA by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock worth $91,150,170,000 after acquiring an additional 8,521,936 shares during the period. Kingstone Capital Partners Texas LLC lifted its holdings in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. Norges Bank acquired a new stake in shares of NVIDIA during the 2nd quarter valued at about $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NVIDIA by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
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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