Mark A. Stevens Sells 8,900 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDAGet Free Report) Director Mark A. Stevens sold 8,900 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $1,139.20, for a total transaction of $10,138,880.00. Following the completion of the transaction, the director now owns 1,016,294 shares in the company, valued at approximately $1,157,762,124.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NVIDIA Price Performance

NVDA opened at $1,209.98 on Friday. The firm has a market cap of $2.98 trillion, a P/E ratio of 70.76, a PEG ratio of 1.25 and a beta of 1.70. The firm has a 50-day moving average of $934.81 and a 200 day moving average of $744.37. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.14 and a current ratio of 3.53. NVIDIA Co. has a fifty-two week low of $373.56 and a fifty-two week high of $1,255.87.

NVIDIA shares are set to split on the morning of Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly created shares will be payable to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $5.14 by $0.98. The firm had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The company’s quarterly revenue was up 262.1% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. On average, research analysts expect that NVIDIA Co. will post 25.32 EPS for the current year.

NVIDIA Increases Dividend

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

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brooklyn FI LLC lifted its holdings in shares of NVIDIA by 2.5% in the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after buying an additional 12 shares in the last quarter. Curran Financial Partners LLC lifted its holdings in shares of NVIDIA by 1.8% in the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock worth $625,000 after buying an additional 12 shares in the last quarter. Beacon Bridge Wealth Partners LLC lifted its holdings in shares of NVIDIA by 2.6% in the first quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock worth $428,000 after buying an additional 12 shares in the last quarter. M. Kraus & Co lifted its holdings in shares of NVIDIA by 2.0% in the first quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock worth $594,000 after buying an additional 13 shares in the last quarter. Finally, Sterling Financial Group Inc. lifted its holdings in shares of NVIDIA by 0.9% in the first quarter. Sterling Financial Group Inc. now owns 1,452 shares of the computer hardware maker’s stock worth $1,312,000 after buying an additional 13 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. CICC Research began coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price target on the stock. 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. UBS Group boosted their price target on shares of NVIDIA from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein boosted their price target on shares of NVIDIA from $1,000.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Piper Sandler boosted their target price on shares of NVIDIA from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $1,130.20.

Check Out Our Latest Stock Report on NVIDIA

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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