NVIDIA Co. Director Sells $20.5 Million in Shares

NVIDIA Co. (NASDAQ:NVDA) Director Mark A. Stevens recently sold 155,000 shares of the company's stock in a transaction that took place on Wednesday, October 9th. This sale happened at an average price of $132.27 per share, resulting in a total transaction value of $20,501,850.00. After this sale, Stevens now holds 8,100,117 shares in NVIDIA, which are valued at approximately $1,071,402,475.59. This transaction reflects a 0.00% change in his ownership of the stock. The details of the transaction were disclosed in a filing with the Securities and Exchange Commission (SEC).

NVIDIA Stock Performance

As of Friday, NVDA opened at $134.80. Over the past year, NVIDIA has reached a low of $39.23 and a high of $140.76. The company has a fifty-day simple moving average of $118.54 and a 200-day simple moving average of $110.62. NVIDIA's market capitalization stands at an impressive $3.31 trillion, with a price-to-earnings (P/E) ratio of 63.23 and a P/E growth (P/E/G) ratio of 1.20. The firm has a beta of 1.67, which indicates its stock price's volatility compared to the market. Additionally, the company boasts a quick ratio of 3.79, a current ratio of 4.27, and a low debt-to-equity ratio of 0.15.

Recent Earnings Results

NVIDIA recently shared its quarterly earnings results on August 28th. The company reported earnings per share (EPS) of $0.68, surpassing the consensus estimate of $0.64 by $0.04. NVIDIA achieved a remarkable return on equity of 113.50% and a net margin of 55.04%. Total revenue for the quarter reached $30.04 billion, exceeding analyst forecasts of $28.74 billion. This was a significant increase compared to the same quarter the previous year when the company reported an EPS of $0.25. NVIDIA's quarterly revenue saw an impressive year-over-year growth of 122.4%. Analysts predict that NVIDIA will report an EPS of 2.65 for the current fiscal year.

NVIDIA Dividend and Stock Buyback

The company recently declared a quarterly dividend of $0.01 per share, which was paid on October 3rd, to stockholders who were on record as of September 12th. This dividend represents an annualized amount of $0.04, with a yield of 0.03%. Currently, NVIDIA's dividend payout ratio is at 1.88%. In addition, NVIDIA's board approved a stock repurchase program allowing the company to buy back $50 billion worth of shares. This repurchase authorization permits the company to acquire up to 1.6% of its stock through open market transactions, often interpreted as a sign that the company's management believes the stock is undervalued.

Analyst Ratings for NVIDIA

Numerous research analysts have shared their insights regarding NVIDIA's stock recently. Deutsche Bank reiterated a "hold" rating with a price target of $100.00 for NVIDIA shares. In contrast, Bank of America maintained a "buy" rating while setting a target price of $165.00. Raymond James increased its price target for NVIDIA from $120.00 to $140.00 and labeled the stock as a "strong buy." Meanwhile, JPMorgan Chase lifted its price objective from $115.00 to $155.00 and also rated the stock as "overweight." Truist Financial also boosted their target from $140.00 to $145.00, designating the stock as a "buy." Currently, five equity analysts have rated NVIDIA with a hold rating, while 37 have issued a buy rating, and two have given a strong buy rating. NVIDIA currently holds an average rating of "Moderate Buy" with a price target averaging $142.46.

Institutional Ownership of NVIDIA

Recently, hedge funds have adjusted their positions in NVIDIA. Lowe Wealth Advisors LLC acquired a new stake in the company during the second quarter, valued at $25,000. DHJJ Financial Advisors Ltd. significantly increased its stake by 1,900.0% in the same quarter, holding 200 shares worth $25,000 after buying an additional 190 shares. Other firms, like FPC Investment Advisory Inc. and CGC Financial Services LLC, also acquired new stakes in NVIDIA during the first and second quarters, valued at $26,000, while Koesten Hirschmann & Crabtree INC. obtained a stake worth $27,000. Currently, 65.27% of NVIDIA's stock is held by institutional investors and hedge funds.

About NVIDIA Corporation

NVIDIA Corporation is a global leader in graphics, compute, and networking solutions, operating in the United States, Taiwan, China, Hong Kong, and other regions. Its Graphics segment includes offerings such as GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service, and solutions tailored for the gaming sector. NVIDIA also provides Quadro/NVIDIA RTX GPUs for enterprise graphics applications, virtual GPU (vGPU) software for cloud computing, automotive platforms, and Omniverse software designed for the metaverse and 3D applications.

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