NVIDIA (NASDAQ:NVDA) Shares Down 1.1% on Insider Selling

NVIDIA Co. (NASDAQ:NVDA)’s share price dropped 1.1% on Tuesday following insider selling activity. The stock traded as low as $118.92 and last traded at $120.06. Approximately 66,655,771 shares changed hands during trading, a decline of 76% from the average daily volume of 280,654,656 shares. The stock had previously closed at $121.41.

Specifically, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In other news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NVDA shares. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley set a $162.00 price target on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson reduced their target price on NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.51.

NVIDIA Stock Performance

The company has a 50-day moving average of $126.01 and a 200-day moving average of $131.46. The firm has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NVDA. Avant Financial Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter valued at about $536,000. Fire Capital Management LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at $13,937,000. Mascagni Wealth Management Inc. acquired a new position in shares of NVIDIA in the 4th quarter valued at $3,520,000. Prostatis Group LLC raised its holdings in NVIDIA by 5.2% during the 4th 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. Finally, Fairtree Asset Management Pty Ltd acquired a new stake in NVIDIA during the 4th quarter valued at $639,000. 65.27% of the stock is owned by institutional investors and hedge funds.

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.