NVIDIA Co. (NASDAQ:NVDA – Get Rating) insider Donald F. Robertson, Jr. sold 2,494 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $167.89, for a total transaction of $418,717.66. Following the transaction, the insider now directly owns 56,617 shares of the company’s stock, valued at approximately $9,505,428.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NVIDIA Stock Down 2.2 {fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}
NASDAQ:NVDA traded down $3.81 during mid-day trading on Friday, reaching $165.71. The stock had a trading volume of 47,770,195 shares, compared to its average volume of 54,904,961. The stock has a market cap of $412.62 billion, a P/E ratio of 72.14, a PEG ratio of 6.33 and a beta of 1.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.39 and a quick ratio of 2.74. The business’s 50 day moving average is $147.02 and its 200 day moving average is $155.40. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $313.30.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.82 billion. NVIDIA had a return on equity of 30.75{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} and a net margin of 20.85{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. The firm’s revenue for the quarter was down 16.5{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 EPS. As a group, sell-side analysts predict that NVIDIA Co. will post 2.23 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be given a dividend of $0.04 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.10{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. NVIDIA’s payout ratio is currently 6.81{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}.
Institutional Investors Weigh In On NVIDIA
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in NVIDIA by 1.2{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the third quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker’s stock worth $24,732,878,000 after purchasing an additional 2,326,387 shares during the period. State Street Corp boosted its position in shares of NVIDIA by 0.9{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the third quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock valued at $11,987,416,000 after acquiring an additional 908,481 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of NVIDIA by 7.2{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the second quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker’s stock valued at $8,629,991,000 after acquiring an additional 3,813,087 shares during the period. Legal & General Group Plc boosted its position in shares of NVIDIA by 4.4{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the second quarter. Legal & General Group Plc now owns 18,243,948 shares of the computer hardware maker’s stock valued at $2,765,602,000 after acquiring an additional 764,184 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of NVIDIA by 3.3{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the second quarter. UBS Asset Management Americas Inc. now owns 14,612,261 shares of the computer hardware maker’s stock valued at $2,215,073,000 after acquiring an additional 467,060 shares during the period. Institutional investors own 62.58{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on NVDA. TheStreet downgraded shares of NVIDIA from a “b-” rating to a “c+” rating in a report on Thursday, September 15th. Citigroup reduced their price target on shares of NVIDIA from $248.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, October 11th. Truist Financial reissued a “buy” rating and set a $198.00 price target on shares of NVIDIA in a report on Thursday, September 22nd. JPMorgan Chase & Co. reduced their price objective on shares of NVIDIA from $230.00 to $220.00 in a report on Thursday, August 25th. Finally, BMO Capital Markets reduced their price objective on shares of NVIDIA from $230.00 to $210.00 and set an “outperform” rating for the company in a report on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $205.23.
About NVIDIA
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
See Also
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