NVIDIA (NASDAQ:NVDA) Director A Brooke Seawell Sells 12,728 Shares

NVIDIA Corporation (NASDAQ:NVDA) Director A Brooke Seawell sold 12,728 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total transaction of $2,341,061.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NVIDIA Stock Performance

NVDA traded up $3.79 during trading on Thursday, reaching $183.38. The company’s stock had a trading volume of 166,516,273 shares, compared to its average volume of 225,293,125. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The company’s fifty day moving average price is $186.94 and its 200-day moving average price is $171.41. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 0.89 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 62.5% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Citic Securities lifted their price target on shares of NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Robert W. Baird set a $275.00 price target on NVIDIA and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, President Capital raised their price objective on NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $258.65.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors have recently made changes to their positions in NVDA. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA during the second quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC lifted its stake in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA during the 2nd quarter worth $40,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of NVIDIA during the third quarter worth $50,000. 65.27% of the stock is owned by institutional investors and hedge funds.

About NVIDIA

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.