Dawn E. Hudson Sells 15,000 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDAGet Free Report) Director Dawn E. Hudson sold 15,000 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,059.20, for a total value of $15,888,000.00. Following the completion of the sale, the director now directly owns 55,500 shares of the company’s stock, valued at $58,785,600. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NVIDIA Price Performance

NASDAQ NVDA opened at $1,105.00 on Friday. NVIDIA Co. has a 12 month low of $373.56 and a 12 month high of $1,158.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The firm has a market capitalization of $2.72 trillion, a PE ratio of 64.62, a P/E/G ratio of 1.36 and a beta of 1.75. The company’s 50 day simple moving average is $910.40 and its 200 day simple moving average is $720.86.

Shares of NVIDIA are going to split before the market opens on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 10th.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. The business had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. NVIDIA’s revenue for the quarter was up 262.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. As a group, equities research analysts forecast that NVIDIA Co. will post 22.74 EPS for the current fiscal year.

NVIDIA Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Bank of America upped their price objective on NVIDIA from $1,100.00 to $1,320.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Barclays lifted their price target on NVIDIA from $850.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Truist Financial lifted their price target on NVIDIA from $1,177.00 to $1,288.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Oppenheimer restated an “outperform” rating and issued a $1,100.00 target price on shares of NVIDIA in a research report on Thursday, May 23rd. Five 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. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $1,123.49.

Get Our Latest Stock Analysis on NVDA

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Cambridge Trust Co. grew its position in NVIDIA by 135.5% in the 1st quarter. Cambridge Trust Co. now owns 78,906 shares of the computer hardware maker’s stock valued at $71,296,000 after purchasing an additional 45,406 shares during the period. Motiv8 Investments LLC boosted its holdings in shares of NVIDIA by 11.7% in the 1st quarter. Motiv8 Investments LLC now owns 1,126 shares of the computer hardware maker’s stock worth $1,018,000 after buying an additional 118 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of NVIDIA in the 1st quarter worth about $1,269,000. Instrumental Wealth LLC boosted its position in NVIDIA by 7.6% during the first quarter. Instrumental Wealth LLC now owns 860 shares of the computer hardware maker’s stock worth $777,000 after purchasing an additional 61 shares during the period. Finally, Alexander Labrunerie & CO. Inc. bought a new position in NVIDIA during the first quarter worth about $3,368,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for NVIDIA (NASDAQ:NVDA)

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