NVIDIA Co. Director Aarti S. Shah Sells 20,000 Shares

Aarti S. Shah, a director at NVIDIA Co. (NASDAQ:NVDA), sold 20,000 shares of the company's stock on March 20th. The shares were sold at an average price of $118.42, resulting in a total transaction value of $2,368,400. Following this sale, Shah now holds 53,208 shares of NVIDIA, which are valued at approximately $6,300,891.36. This transaction represents a 27.32% decrease in Shah's ownership of NVIDIA shares. The sale was documented in a filing with the Securities and Exchange Commission (SEC), which can be accessed on their website.

NVIDIA Stock Movement

On the following trading day, NVIDIA's stock price fell by 0.7%, closing at $117.70. The trading volume that day was significant, with approximately 265,860,046 shares traded compared to an average volume of 316,229,962 shares. Over the past year, NVIDIA’s stock has seen a low of $75.61 and a high of $153.13. Current moving averages stand at $126.92 for the fifty-day and $131.02 for the two-hundred-day periods. The company has a market capitalization of $2.87 trillion, a P/E ratio of 46.32, and a price-to-earnings growth ratio of 1.76, along with a beta of 1.77 and a debt-to-equity ratio of 0.13.

Earnings Report and Future Predictions

NVIDIA recently reported its quarterly earnings on February 26th, announcing earnings per share (EPS) of $0.89, surpassing analysts' predictions of $0.84 by $0.05. The company achieved a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue for the quarter came in at $39.33 billion, exceeding the consensus estimate of $38.16 billion. Analysts are projecting that NVIDIA will report an EPS of 2.77 for the current year.

Dividend Announcement

In addition to the stock sale, NVIDIA announced a quarterly dividend to be paid on April 2nd, with shareholders of record on March 12th receiving a dividend of $0.01. This reflects an annualized dividend of $0.04, with a yield of 0.03%. The ex-dividend date for this payment is also March 12th, and NVIDIA's payout ratio currently stands at 1.36%.

Analyst Ratings and Stock Outlook

Recent comments from analysts indicate a generally positive outlook for NVIDIA stocks. Evercore ISI raised their price target for NVIDIA shares from $189.00 to $190.00 with an 'outperform' rating. Conversely, HSBC lowered their price objective from $195.00 to $185.00 with a 'buy' rating. Other analysts, such as Wedbush and Rosenblatt Securities, reaffirmed their positive ratings, giving target prices of $175.00 and $220.00 respectively. Overall, four analysts have rated the stock as a hold, while thirty-seven have given it a buy rating and two have indicated a strong buy. MarketBeat's consensus rating for NVIDIA is currently categorized as a 'Moderate Buy', with an average price target of $171.51.

Institutional Investment Changes

Institutional investors have been active in modifying their holdings of NVIDIA recently. New stakes have been established by firms such as Tacita Capital Inc and Legend Financial Advisors in the fourth quarter, indicating continued interest from institutional investors in NVIDIA shares.

About NVIDIA Corporation

NVIDIA Corporation is a leading provider of graphics and computing solutions, operating across various regions including the United States, Taiwan, and China. The company's product offerings include GeForce GPUs for gaming, Quadro/NVIDIA RTX GPUs for enterprise use, and platforms for automotive infotainment systems. Additionally, NVIDIA is actively involved in developing software for the metaverse and 3D internet applications.

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