Insider Selling: NVIDIA Co. (NASDAQ:NVDA) Director Sells 14,500 Shares of Stock

NVIDIA Co. (NASDAQ:NVDA) Director Robert K. Burgess sold 14,500 shares of the firm’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $627.95, for a total transaction of $9,105,275.00.

NVDA stock opened at $645.49 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.52 and a current ratio of 3.92. The company’s fifty day moving average price is $534.42 and its 200-day moving average price is $538.79. NVIDIA Co. has a one year low of $267.11 and a one year high of $648.57. The company has a market capitalization of $401.74 billion, a PE ratio of 105.65, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.29. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.83 billion. NVIDIA had a net margin of 25.89% and a return on equity of 32.61%. During the same period in the previous year, the firm posted $1.89 EPS. On average, research analysts predict that NVIDIA Co. will post 7.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 10th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Tuesday, March 9th. NVIDIA’s payout ratio is presently 13.94%.

A number of research analysts recently weighed in on NVDA shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $560.00 to $575.00 and gave the company a “hold” rating in a research report on Tuesday. They noted that the move was a valuation call. Oppenheimer increased their price target on NVIDIA from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Thursday, February 25th. Wells Fargo & Company lifted their price objective on NVIDIA from $625.00 to $715.00 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets increased their target price on NVIDIA from $650.00 to $680.00 and gave the company an “outperform” rating in a report on Monday, February 22nd. Finally, Mizuho boosted their price target on NVIDIA from $650.00 to $675.00 and gave the company a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $606.61.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PrairieView Partners LLC bought a new stake in shares of NVIDIA in the 4th quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new stake in NVIDIA during the fourth quarter valued at approximately $34,000. Bartlett & Co. LLC lifted its stake in shares of NVIDIA by 48.2% in the 4th quarter. Bartlett & Co. LLC now owns 83 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 27 shares during the last quarter. Perennial Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $49,000. Finally, Litman Gregory Asset Management LLC bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 65.70% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.

Further Reading: Trading Halts Explained

Insider Buying and Selling by Quarter for NVIDIA (NASDAQ:NVDA)

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