NVIDIA Co. (NASDAQ:NVDA) Director Sells $19,988,330.20 in Stock

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) Director Mark A. Stevens sold 16,670 shares of the business's stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $1,199.06, for a total transaction of $19,988,330.20. Following the transaction, the director now owns 999,624 shares in the company, valued at approximately $1,198,609,153.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NVIDIA Stock Down 0.1 %

NVDA traded down $1.10 during trading hours on Friday, hitting $1,208.88. 41,109,394 shares of the company's stock were exchanged, compared to its average volume of 50,089,941. NVIDIA Co. has a 1-year low of $375.05 and a 1-year high of $1,255.87. The stock's 50-day moving average is $940.91 and its two-hundred day moving average is $749.27. The stock has a market cap of $2.97 trillion, a price-to-earnings ratio of 70.69, a PEG ratio of 1.32 and a beta of 1.70. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17.

NVIDIA shares are scheduled to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly issued shares will be issued to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, beating analysts' consensus estimates of $5.14 by $0.98. The firm had revenue of $26.04 billion during the quarter, compared to analysts' expectations of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The company's revenue for the quarter was up 262.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. Sell-side analysts predict that NVIDIA Co. will post 25.32 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Tuesday, June 11th. This is a boost from NVIDIA's previous quarterly dividend of $0.04. NVIDIA's dividend payout ratio (DPR) is currently 0.94%.

Institutional Trading of NVIDIA

A number of hedge funds have recently modified their holdings of NVDA. FPC Investment Advisory Inc. bought a new position in NVIDIA during the first quarter worth about $26,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of NVIDIA in the 1st quarter valued at approximately $27,000. HBC Financial Services PLLC acquired a new stake in NVIDIA during the 1st quarter worth approximately $30,000. Norwood Financial Corp acquired a new stake in NVIDIA during the 1st quarter worth approximately $45,000. Finally, Coston McIsaac & Partners boosted its position in NVIDIA by 231.3% during the 1st quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker's stock worth $47,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVDA. TD Cowen boosted their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock a "buy" rating in a report on Thursday, May 23rd. Evercore ISI upped their target price on shares of NVIDIA from $1,160.00 to $1,310.00 and gave the company an "outperform" rating in a research note on Thursday, May 23rd. HSBC upped their target price on shares of NVIDIA from $1,050.00 to $1,350.00 and gave the company a "buy" rating in a research note on Friday, May 10th. Oppenheimer restated an "outperform" rating and issued a $1,100.00 price target on shares of NVIDIA in a research report on Thursday, May 23rd. Finally, Needham & Company LLC boosted their price target on shares of NVIDIA from $850.00 to $1,200.00 and gave the company a "buy" rating in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,130.20.

About NVIDIA

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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