Dawn E. Hudson Sells 5,000 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDAGet Free Report) Director Dawn E. Hudson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $1,140.04, for a total transaction of $5,700,200.00. Following the completion of the transaction, the director now directly owns 50,500 shares in the company, valued at approximately $57,572,020. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NVIDIA Stock Performance

Shares of NVDA opened at $1,105.00 on Friday. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.72 trillion, a PE ratio of 64.62, a price-to-earnings-growth 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. NVIDIA Co. has a 12-month low of $373.56 and a 12-month high of $1,158.19.

NVIDIA shares are going to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly created shares will be payable to shareholders after the closing bell on Monday, June 10th.

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

NVIDIA Increases Dividend

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

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft lifted its holdings in shares of NVIDIA by 34.9% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock worth $21,896,000 after purchasing an additional 11,445 shares during the period. Wealthspire Advisors LLC lifted its holdings in NVIDIA by 16.3% in the fourth quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock valued at $6,080,000 after acquiring an additional 1,724 shares during the period. Shared Vision Wealth Group LLC acquired a new stake in NVIDIA in the fourth quarter valued at $269,000. Grand Alliance Asset Management Ltd acquired a new stake in NVIDIA in the fourth quarter valued at $29,961,000. Finally, TrueMark Investments LLC acquired a new stake in NVIDIA in the fourth quarter valued at $2,639,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. DZ Bank cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $1,025.00 price target on the stock. in a research report on Friday, May 24th. Argus increased their price target on shares of NVIDIA from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Loop Capital initiated coverage on shares of NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target on the stock. Jefferies Financial Group increased their price target on shares of NVIDIA from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Piper Sandler Companies increased their price target on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $1,123.49.

Check Out Our Latest Stock Analysis on NVDA

About NVIDIA

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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.

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

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