NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) Director A Brooke Seawell sold 50,912 shares of the business’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $157.13, for a total transaction of $7,999,802.56. Following the sale, the director directly owned 1,628,449 shares in the company, valued at $255,878,191.37. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A Brooke Seawell also recently made the following trade(s):
- On Tuesday, July 1st, A Brooke Seawell sold 51,740 shares of NVIDIA stock. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80.
- On Friday, June 27th, A Brooke Seawell sold 50,980 shares of NVIDIA stock. The stock was sold at an average price of $156.92, for a total value of $7,999,781.60.
- On Thursday, June 26th, A Brooke Seawell sold 51,455 shares of NVIDIA stock. The shares were sold at an average price of $155.47, for a total value of $7,999,708.85.
- On Wednesday, June 25th, A Brooke Seawell sold 52,774 shares of NVIDIA stock. The stock was sold at an average price of $151.59, for a total value of $8,000,010.66.
- On Tuesday, June 24th, A Brooke Seawell sold 54,467 shares of NVIDIA stock. The shares were sold at an average price of $146.88, for a total transaction of $8,000,112.96.
- On Monday, June 23rd, A Brooke Seawell sold 55,681 shares of NVIDIA stock. The stock was sold at an average price of $143.67, for a total transaction of $7,999,689.27.
- On Friday, June 20th, A Brooke Seawell sold 55,282 shares of NVIDIA stock. The shares were sold at an average price of $144.71, for a total transaction of $7,999,858.22.
NVIDIA Price Performance
NVDA stock opened at $159.28 on Friday. The company has a 50 day simple moving average of $135.41 and a 200 day simple moving average of $127.64. The stock has a market cap of $3.89 trillion, a price-to-earnings ratio of 51.38, a P/E/G ratio of 1.39 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $160.98.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.
Institutional Investors Weigh In On NVIDIA
Several institutional investors and hedge funds have recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter valued at $38,000. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter valued at $50,000. LSV Asset Management acquired a new stake in NVIDIA during the 4th quarter worth about $54,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Arete Research raised NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. DA Davidson lifted their target price on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. Finally, Susquehanna restated a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $176.19.
Check Out Our Latest Stock Report on NVIDIA
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.
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