NVIDIA (NASDAQ:NVDA) Shares Down 1.5% on Insider Selling

NVIDIA Co. (NASDAQ:NVDA)’s share price traded down 1.5% during trading on Friday following insider selling activity. The company traded as low as $115.42 and last traded at $116.72. 84,699,701 shares changed hands during trading, a decline of 73% from the average session volume of 316,192,305 shares. The stock had previously closed at $118.53.

Specifically, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

Several research analysts have commented on the company. DA Davidson cut their price target on NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday. Barclays lifted their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $171.51.

NVIDIA Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50-day moving average price of $126.92 and a 200-day moving average price of $131.02. The firm has a market capitalization of $2.87 trillion, a PE ratio of 46.32, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.36%.

Hedge Funds Weigh In On NVIDIA

Several large investors have recently added to or reduced their stakes in the business. Prostatis Group LLC lifted its position in NVIDIA by 5.2% during the fourth quarter. Prostatis Group LLC now owns 26,004 shares of the computer hardware maker’s stock worth $3,492,000 after buying an additional 1,294 shares during the period. Fairtree Asset Management Pty Ltd purchased a new position in NVIDIA during the fourth quarter worth about $639,000. M1 Capital Management LLC purchased a new position in NVIDIA during the fourth quarter worth about $1,514,000. DSG Capital Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth about $17,052,000. Finally, Chancellor Financial Group WB LP purchased a new position in NVIDIA during the fourth quarter worth about $3,966,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Company Profile

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.