NVIDIA (NASDAQ:NVDA) Shares Down 4.3% After Insider Selling

Shares of NVIDIA Co. (NASDAQ:NVDA) dropped 4.3% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $114.46 and last traded at $115.53. Approximately 103,705,880 shares changed hands during trading, a decline of 67% from the average daily volume of 312,168,349 shares. The stock had previously closed at $120.69.

Specifically, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Analysts Set New Price Targets

Several equities analysts have issued reports on NVDA shares. Mizuho decreased their price objective on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Susquehanna reaffirmed a “positive” rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Truist Financial boosted their target price on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.51.

NVIDIA Price Performance

The company has a 50 day moving average price of $126.46 and a 200 day moving average price of $131.58. The firm has a market cap of $2.82 trillion, a PE ratio of 45.47, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Institutional Investors Weigh In On NVIDIA

Several hedge funds have recently modified their holdings of NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the fourth quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the 4th quarter worth about $34,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the 4th quarter valued at about $40,000. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 140 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Company Profile

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.