NVIDIA Director Aarti S. Shah Sells Shares

NVIDIA Co. (NASDAQ:NVDA) Director Aarti S. Shah completed a stock sale on March 20th, during which she sold 20,000 shares of the company's stock. The shares were sold at an average price of $118.42, leading to a total sales value of $2,368,400. Following this transaction, Shah retains 53,208 shares valued at approximately $6,300,891. This sale marks a 27.32% reduction in her ownership of NVIDIA shares. The sale was reported in a filing with the Securities and Exchange Commission (SEC).

NVIDIA Stock Performance

On the trading day following Shah’s transaction, NVIDIA’s stock fell by $0.83 to $117.70. The stock's trading volume was approximately 265 million shares, lower than its average volume of 316 million shares. Over the past year, NVIDIA's stock has fluctuated, reaching a low of $75.61 and a high of $153.13. Currently, the company's 50-day simple moving average is $126.92, while the 200-day simple moving average stands at $131.02. NVIDIA holds a market capitalization of $2.87 trillion, a P/E ratio of 46.32, and a price-to-earnings-growth ratio of 1.76. Its beta is 1.77, indicating some volatility. The company boasts a debt-to-equity ratio of 0.13 with solid liquidity ratios—a quick ratio of 3.64 and a current ratio of 4.10.

Quarterly Earnings Overview

On February 26th, NVIDIA reported its quarterly earnings, revealing earnings per share (EPS) of $0.89, surpassing analysts’ expectations of $0.84 by $0.05. Their return on equity was reported at 114.83%, with a net margin of 55.69%. The company generated revenues of $39.33 billion for the quarter, exceeding the anticipated $38.16 billion. Analysts forecast that NVIDIA will report an EPS of 2.77 for the current fiscal year.

Dividend Announcement

Recently, NVIDIA announced a quarterly dividend that will be paid on April 2nd. Shareholders of record on March 12th will receive a dividend of $0.01 per share, translating to an annualized payout of $0.04, reflecting a yield of 0.03%. The ex-dividend date is also set for March 12th, with NVIDIA maintaining a payout ratio of 1.36%.

Analyst Ratings and Forecasts

Numerous equity research analysts have analyzed NVIDIA's stock recently. Evercore ISI raised their price target from $189.00 to $190.00, labeling the stock as an "outperform". HSBC reduced their price target from $195.00 to $185.00, also assigning a "buy" rating. Wedbush reiterated their "outperform" rating with a target price of $175.00. Furthermore, Rosenblatt Securities reaffirmed a "buy" rating with a price target of $220.00. Deutsche Bank raised their price target from $115.00 to $140.00, assigning a "hold" rating. Currently, four analysts have given NVIDIA a hold rating, while thirty-seven have rated it as a buy and two as a strong buy. The consensus rating is "Moderate Buy", with an average price target of $171.51.

Institutional Investment Trends

Recently, various institutional investors and hedge funds have adjusted their holdings in NVIDIA. Tacita Capital Inc. acquired a new stake valued at $28,000. Legend Financial Advisors also purchased new shares worth $34,000, alongside Vision Financial Markets, with a stake worth approximately $38,000. Luken Investment Analytics invested about $40,000, while DHJJ Financial Advisors increased their holdings by 70% last quarter, now owning 340 shares valued at $41,000. Presently, institutional investors hold 65.27% of NVIDIA shares.

About NVIDIA Corporation

NVIDIA Corporation is a global leader in designing graphics and computing solutions, providing services in the United States, Taiwan, China, Hong Kong, and worldwide. Its product offerings include GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service, and enterprise graphics solutions such as Quadro/NVIDIA RTX GPUs. NVIDIA also develops platforms for automotive infotainment and software for the metaverse and 3D applications.

NVIDIA, Shares, Transaction, Dividends, Investors