Senator Sheldon Whitehouse (D-Rhode Island) recently sold shares of NVIDIA Co. NASDAQ: NVDA. In a filing disclosed on January 08th, the Senator disclosed that they had sold between $15,001 and $50,000 in NVIDIA stock on January 6th.
Senator Sheldon Whitehouse also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 12/19/2024.
- Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 12/19/2024.
- Sold $1,001 - $15,000 in shares of MetLife NYSE: MET on 11/19/2024.
- Sold $1,001 - $15,000 in shares of Kenvue NYSE: KVUE on 11/18/2024.
- Purchased $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 10/30/2024.
- Sold $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 10/29/2024.
- Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/29/2024.
- Sold $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 10/29/2024.
- Sold $1,001 - $15,000 in shares of Mastercard NYSE: MA on 10/29/2024.
- Sold $1,001 - $15,000 in shares of Verizon Communications NYSE: VZ on 10/29/2024.
NVIDIA Stock Down 0.0 %
Shares of NVIDIA stock traded down $0.03 during trading hours on Thursday, reaching $140.11. 225,873,499 shares of the company were exchanged, compared to its average volume of 254,016,984. The firm has a market cap of $3.43 trillion, a PE ratio of 55.14, a PEG ratio of 2.43 and a beta of 1.64. The stock's fifty day moving average is $139.89 and its 200 day moving average is $128.54. NVIDIA Co. has a 1 year low of $51.69 and a 1 year high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter last year, the company earned $0.38 EPS. NVIDIA's revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.57%.
Institutional Trading of NVIDIA
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Christopher J. Hasenberg Inc acquired a new stake in NVIDIA during the third quarter worth approximately $27,000. Quest Partners LLC purchased a new stake in shares of NVIDIA in the second quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA in the second quarter valued at $31,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the fourth quarter worth about $34,000. Finally, West Financial Advisors LLC acquired a new stake in NVIDIA in the 3rd quarter worth about $36,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at NVIDIA
In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. 4.23% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 14th. Robert W. Baird raised their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Benchmark restated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Tuesday. The Goldman Sachs Group lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, UBS Group upped their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $164.63.
Read Our Latest Report on NVDA
About Senator Whitehouse
Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Whitehouse (Democratic Party) is running for re-election to the U.S. Senate to represent Rhode Island. He declared candidacy for the 2024 election. Whitehouse previously served as the Rhode Island attorney general from 1999 to 2003. Before that, he was a United States attorney from 1994 to 1998. He was nominated to the position by President Bill Clinton (D). Whitehouse was a superdelegate to the 2016 Democratic National Convention from Rhode Island. He cast his vote for Hillary Clinton. As of a 2014 analysis of multiple outside rankings, Whitehouse is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills.
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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