NVIDIA (NASDAQ:NVDA) Stock Price Down 0% Following Insider Selling

NVIDIA Co. (NASDAQ:NVDA)’s stock price fell 0% on Thursday after an insider sold shares in the company. The company traded as low as $137.56 and last traded at $140.11. 225,873,499 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 254,016,984 shares. The stock had previously closed at $140.14.

Specifically, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NVDA shares. TD Cowen upped their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. DA Davidson increased their price target on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. UBS Group lifted their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Truist Financial upped their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Needham & Company LLC lifted their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

NVIDIA Price Performance

The company has a 50 day moving average of $139.89 and a 200 day moving average of $128.54. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.43 trillion, a price-to-earnings ratio of 55.14, a P/E/G ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter last year, the firm posted $0.38 earnings per share. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently made changes to their positions in the stock. Wealth Group Ltd boosted its stake in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd now owns 5,702 shares of the computer hardware maker’s stock worth $766,000 after purchasing an additional 100 shares during the period. Partnership Wealth Management LLC lifted its holdings in shares of NVIDIA by 4.6% in the fourth quarter. Partnership Wealth Management LLC now owns 9,809 shares of the computer hardware maker’s stock valued at $1,317,000 after purchasing an additional 429 shares in the last quarter. Private Client Services LLC boosted its position in shares of NVIDIA by 3.4% during the fourth quarter. Private Client Services LLC now owns 15,320 shares of the computer hardware maker’s stock worth $2,057,000 after buying an additional 506 shares during the period. Hilltop Wealth Advisors LLC boosted its position in shares of NVIDIA by 7.3% during the fourth quarter. Hilltop Wealth Advisors LLC now owns 4,944 shares of the computer hardware maker’s stock worth $664,000 after buying an additional 338 shares during the period. Finally, Weaver Consulting Group grew its holdings in shares of NVIDIA by 0.4% during the fourth quarter. Weaver Consulting Group now owns 23,925 shares of the computer hardware maker’s stock worth $3,213,000 after buying an additional 86 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

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.