NVIDIA (NASDAQ:NVDA) EVP Ajay Puri Sells 300,000 Shares

NVIDIA Corporation (NASDAQ:NVDAGet Free Report) EVP Ajay Puri sold 300,000 shares of NVIDIA stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $182.52, for a total transaction of $54,756,000.00. Following the sale, the executive vice president directly owned 3,318,547 shares of the company’s stock, valued at $605,701,198.44. The trade was a 8.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NVIDIA Stock Performance

NVIDIA stock traded up $1.23 during trading hours on Wednesday, hitting $186.00. The company had a trading volume of 144,299,327 shares, compared to its average volume of 180,659,672. The firm has a 50-day moving average of $185.60 and a 200 day moving average of $184.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The firm has a market cap of $4.52 trillion, a PE ratio of 37.96, a PEG ratio of 0.62 and a beta of 2.33. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $68.13 billion during the quarter, compared to analysts’ expectations of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business’s revenue was up 73.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Wednesday, March 11th. NVIDIA’s dividend payout ratio is currently 0.82%.

Trending Headlines about NVIDIA

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Hedge Funds Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the company. Lifetime Wealth Management P.C. acquired a new position in NVIDIA during the fourth quarter valued at approximately $26,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC boosted its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at $40,000. Finally, Inspire Investing LLC bought a new position in shares of NVIDIA in the 4th quarter valued at $44,000. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NVDA shares. Barclays reissued a “buy” rating on shares of NVIDIA in a research report on Thursday, February 26th. Evercore reiterated an “outperform” rating on shares of NVIDIA in a research note on Tuesday, January 6th. Raymond James Financial reissued a “strong-buy” rating on shares of NVIDIA in a report on Tuesday, January 6th. DA Davidson restated a “buy” rating and set a $250.00 target price on shares of NVIDIA in a research report on Monday, February 23rd. Finally, Stifel Nicolaus set a $250.00 target price on shares of NVIDIA in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Buy” and a consensus price target of $273.64.

View Our Latest Analysis on NVIDIA

NVIDIA Company Profile

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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

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