NVIDIA’s ( NASDAQ:NVDA ) share price fell 0.8% on internal selling

Shares of NVIDIA Co. (NASDAQ:NVDA – Get Free Report ) traded up 0.8% during trading on Friday, after an insider sold shares of the company. The company traded as high as $103.44 and last traded at $104.14. 106,449,164 shares changed hands during trading, down 77% from the session’s average volume of 453,478,625 shares. Shares previously closed at $104.97.

Specifically, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $103.85, for a total value of $12,462,000.00. Following the sale, the chief executive officer now directly owns 76,854,995 shares in the company, valued at approximately $7,981,391,230.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $103.85, for a total transaction of $12,462,000.00. Following the transaction, the chief executive officer now directly owns 76,854,995 shares of the company’s stock, valued at approximately $7,981,391,230.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Director Mark A. Stevens sold 156,023 shares of NVIDIA stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $129.81, for a total transaction of $20,253,345.63. Following the completion of the sale, the director now directly owns 8,585,217 shares in the company, valued at approximately $1,114,447,018.77. The disclosure for this sale can be found here. Insiders have sold a total of 4,200,723 shares of company stock worth $619,414,541 in the last ninety days. 4.23% of shares are held by corporate insiders.

The Wall Street analyst weighs in

NVDA has been the subject of several analyst reports. Wolfe Research upped their price objective on shares of NVIDIA from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Oppenheimer reiterated an “outperform” rating and set a $110.00 price objective on shares of NVIDIA in a research note on Thursday, May 23rd. Jefferies Financial Group upped their target price on shares of NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a report on Monday, June 24th. Robert W. Baird boosted their target price on shares of NVIDIA from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Finally, Argus raised their price objective on shares of NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Five research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $131.31, according to MarketBeat.com.

Check out the latest stock report on NVIDIA

NVIDIA stock performance

The company has a quick ratio of 3.14, a current ratio of 3.53, and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average is $120.86, and the two hundred day moving average is $97.12. The firm has a market cap of $2.58 trillion, a price-to-earnings ratio of 61.26, a P/E/G ratio of 1.15 and a beta of 1.68.

NVIDIA (NASDAQ:NVDA – Get Your Free Report ) last released its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. In the same quarter last year, the firm posted earnings of $0.09 per share. The company’s revenue was up 262.1% compared to the same quarter last year. On average, analysts predict that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA increases dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.10 per share. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Tuesday, June 11th. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

Hedge funds influence NVIDIA

A number of large investors have recently bought and sold shares of the stock. FPC Investment Advisory Inc. purchased a new stake in NVIDIA in the 1st quarter worth about $26,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of NVIDIA in the first quarter worth about $27,000. HBC Financial Services PLLC bought a new position in shares of NVIDIA during the first quarter worth $30,000. Norwood Financial Corp acquired a new position in NVIDIA during the first quarter worth $45,000. Finally, Coston McIsaac & Partners raised its stake in NVIDIA by 231.3% in the first quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock valued at $47,000 after buying an additional 37 shares during the last quarter. 65.27% of the shares are held by hedge funds and other institutional investors.

NVIDIA Company Profile

(Get a free report)

NVIDIA Corporation provides graphics and computing 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 graphics workstations; 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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