NVIDIA Director Sells Over $6 Million in Company Stock

NVIDIA Co. (NASDAQ:NVDA) Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction dated March 13th. The shares were sold at an average price of $115.49, resulting in a total transaction value of $6,158,388.76. After this sale, Burgess now directly holds 251,044 shares in NVIDIA, which are valued at approximately $28,993,071.56. This sale reflects a 17.52% decrease in his stock ownership. The details of this transaction were disclosed in a document filed with the Securities and Exchange Commission.

NVIDIA Stock Movement

On Tuesday, NVIDIA's stock opened at $119.53 and has exhibited some fluctuation in recent times. The company's financials indicate a current ratio of 4.10, a quick ratio of 3.64, and a debt-to-equity ratio of 0.13. Over the past year, NVIDIA has experienced a low of $75.61 and a high of $153.13. Current market capitalization stands at $2.92 trillion, with a PE ratio of 47.04 and a price-to-earnings-growth ratio of 1.76. The stock's 50-day simple moving average is $128.66, while its 200-day simple moving average is $131.24.

NVIDIA's Earnings Report

NVIDIA posted its latest earnings results on February 26th, revealing earnings of $0.89 per share, surpassing analysts' expectations of $0.84 by $0.05. The company reported a net margin of 55.69% along with a return on equity of 114.83%. The revenue for the quarter totaled $39.33 billion, exceeding the consensus estimate of $38.16 billion. Analysts anticipate that NVIDIA will achieve earnings of $2.77 per share in the current year.

Dividend Announcement from NVIDIA

NVIDIA recently announced a quarterly dividend, scheduled to be paid on April 2nd. Shareholders of record on March 12th will receive a dividend of $0.01 per share, which translates to an annualized dividend of $0.04, resulting in a yield of 0.03%. The ex-dividend date for this transaction is also set for March 12th, with the company maintaining a payout ratio of 1.36%.

Institutional Investors Update

Several hedge funds have recently adjusted their holdings in NVIDIA. For instance, Members Wealth LLC acquired a new stake in the fourth quarter valued at $1,616,000. Other investments include Tableaux LLC, which acquired shares worth $268,000, and Keystone Financial Services LLC's $1,020,000 worth investment. Notably, Lansforsakringar Fondforvaltning AB publ invested approximately $1.29 billion, while Silver Oak Wealth Advisors Services LLC bought a new position valued at $591,000. Institutional investors now account for 65.27% of NVIDIA's stock ownership.

Analyst Forecasts for NVIDIA

Recent analyst reports have provided insights into NVIDIA's future. Deutsche Bank increased their price target for NVIDIA shares from $115.00 to $140.00 while maintaining a "hold" rating. Morgan Stanley reaffirmed their “overweight” rating and raised the price target to $162.00, while DA Davidson maintained a “neutral” rating with a target of $135.00. Additionally, Bank of America increased their price objective from $190.00 to $200.00, grading NVIDIA as a “buy.” Overall, 37 analysts recommend a buy rating, two assign a strong buy, and four suggest holding, leading to a consensus rating of “Moderate Buy” with an average price target of $171.51.

Understanding NVIDIA's Business Operations

NVIDIA Corporation specializes in providing graphics, compute, and networking solutions worldwide. Their offerings include GeForce GPUs tailored for gaming and PCs, the GeForce NOW streaming service, enterprise graphics solutions, and automotive platforms. NVIDIA is also involved in developing software for applications in metaverse and 3D internet space.

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