NVIDIA Director Sells $20.5 Million in Stock

NVIDIA Co. (NASDAQ:NVDA) Director Mark A. Stevens has sold a total of 155,000 shares of the company's stock. This sale took place on Wednesday, October 9th, 2023, at an average price of $132.27 per share, resulting in a total transaction value of approximately $20,501,850. Following this sale, Stevens retains ownership of 8,100,117 shares in NVIDIA, which are valued at around $1,071,402,475.59. This transaction reflects a 0.00% decrease in his shareholding.

NVIDIA Recent Stock Performance

As of Friday, NVDA opened at $134.80. Over the past 52 weeks, NVIDIA's stock has seen a low of $39.23 and a high of $140.76. The company has a market capitalization of $3.31 trillion and a P/E ratio of 63.23.

NVIDIA's Financial Results

NVIDIA recently reported its quarterly earnings on August 28th. The company posted an earnings per share (EPS) of $0.68, surpassing the consensus estimate of $0.64 by $0.04. Their revenue for the quarter was reported at $30.04 billion, exceeding analyst expectations of $28.74 billion, reflecting a significant year-over-year increase of 122.4%.

NVIDIA's Dividend and Stock Buyback Plans

Recently, NVIDIA announced a quarterly dividend of $0.01 per share, which was paid out on October 3rd to stockholders of record as of September 12th. Additionally, NVIDIA's board has approved a stock repurchase program worth $50 billion, indicating the leadership's belief that the stock may be undervalued.

Analyst Ratings and Insights

Institutional Trading Activity

Recent movements by hedge funds show that 65.27% of NVIDIA's stock is owned by institutional investors. New stakes have emerged from various firms, with notable increases in holdings from DHJJ Financial Advisors and Lowe Wealth Advisors.

About NVIDIA Corporation

NVIDIA Corporation specializes in graphics and computing solutions, offering GeForce GPUs for gaming, visual computing software, and platforms for automotive systems, among other products. The company operates both in the U.S. and internationally.

NVIDIA, Director, Stock