NVIDIA Director Aarti S. Shah Sells 20,000 Shares

NVIDIA Co. (NASDAQ:NVDA) Director Aarti S. Shah executed a sale of 20,000 shares of the company's stock on Thursday, March 20th. The shares were sold at an average price of $118.42, resulting in a total transaction value of $2,368,400.00. Following this sale, Ms. Shah now holds 53,208 shares of NVIDIA, which are valued at approximately $6,300,891.36. This transaction marks a 27.32% reduction in her ownership stake in the company.

Current Stock Performance

On Friday, NVIDIA's stock fell by 0.7%, closing at $117.70. The trading volume for the day reached 265,860,046 shares, compared to the average volume of 316,229,962 shares. Over the past year, NVIDIA's stock has reached a low of $75.61 and a high of $153.13. The company's fifty-day moving average is $126.92, while the two-hundred-day moving average stands at $131.02. With a market capitalization of $2.87 trillion, NVIDIA has a P/E ratio of 46.32, a price-to-earnings-growth ratio of 1.76, and a beta of 1.77. The company maintains a debt-to-equity ratio of 0.13, a quick ratio of 3.64, and a current ratio of 4.10.

Earnings Report Highlights

NVIDIA recently reported its quarterly earnings on February 26th. The computer hardware company posted earnings per share (EPS) of $0.89, exceeding analysts' expectations of $0.84 by $0.05. The company achieved a return on equity of 114.83% and a net profit margin of 55.69%. Additionally, NVIDIA's revenue for the quarter was $39.33 billion, compared to the expected $38.16 billion.

NVIDIA Dividend Announcement

On a related note, NVIDIA announced a quarterly dividend to be paid out on April 2nd. Shareholders who were recorded by March 12th will receive a dividend of $0.01 per share, translating to an annualized payout of $0.04 and a yield of 0.03%. The dividend's ex-date was also set for March 12th. Currently, NVIDIA's payout ratio is 1.36%.

Analyst Ratings and Price Targets

Several research analysts have recently updated their ratings and price targets for NVIDIA's stock. Evercore ISI raised their price target from $189.00 to $190.00, maintaining an "outperform" rating. Meanwhile, HSBC adjusted their target from $195.00 to $185.00, designating it as a "buy". Wedbush reiterated an "outperform" rating with a $175.00 target, and Rosenblatt Securities set a target of $220.00 with a "buy" rating. Deutsche Bank also increased their price objective from $115.00 to $140.00 while maintaining a "hold" rating. Currently, the stock holds a consensus rating of "Moderate Buy" from analysts, with an average price target of $171.51.

Institutional Holdings

Institutional investors have been active regarding their holdings in NVIDIA. In the fourth quarter, Tacita Capital Inc acquired a new position worth $28,000, while Legend Financial Advisors Inc. invested approximately $34,000 in the same quarter. Other new stakeholders include Vision Financial Markets LLC with $38,000 and Luken Investment Analytics LLC with $40,000. DHJJ Financial Advisors Ltd. also increased its holdings in NVIDIA by 70.0%. Currently, institutional investors own about 65.27% of NVIDIA's stock.

About NVIDIA Corporation

NVIDIA Corporation specializes in providing graphics and computing solutions across various sectors. Its Graphics segment includes GeForce GPUs tailored for gaming and PCs, the GeForce NOW game streaming service, and enterprise workstation graphics solutions through Quadro/NVIDIA RTX GPUs. The company also offers virtual GPU software for cloud-based applications and platforms for automotive infotainment systems.

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