Donald F. Robertson, Jr. Sells 450 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDA) insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NVIDIA Stock Performance

Shares of NVDA stock opened at $902.50 on Thursday. The business’s 50-day moving average price is $758.96 and its 200-day moving average price is $569.38. NVIDIA Co. has a 12 month low of $258.50 and a 12 month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.59, a PEG ratio of 1.37 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Co. will post 22.4 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research analyst reports. Loop Capital initiated coverage on NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research report on Monday, March 4th. Craig Hallum lifted their target price on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price on the stock. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $908.68.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of NVIDIA by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 204,507,576 shares of the computer hardware maker’s stock worth $101,276,242,000 after acquiring an additional 827,377 shares during the period. Geode Capital Management LLC lifted its stake in shares of NVIDIA by 3.0% in the second quarter. Geode Capital Management LLC now owns 47,459,414 shares of the computer hardware maker’s stock worth $20,022,108,000 after acquiring an additional 1,403,401 shares during the period. Norges Bank acquired a new position in shares of NVIDIA in the fourth quarter worth approximately $14,606,369,000. Morgan Stanley lifted its stake in shares of NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after acquiring an additional 4,621,002 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after acquiring an additional 910,009 shares during the period. 65.27% of the stock is currently owned by institutional investors.

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.