Ajay Puri Sells 300,000 Shares of NVIDIA (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDAGet Free Report) EVP Ajay Puri sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $182.52, for a total value of $54,756,000.00. Following the sale, the executive vice president owned 3,318,547 shares of the company’s stock, valued at $605,701,198.44. The trade was a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

NVIDIA Stock Up 0.7%

NVIDIA stock traded up $1.23 during trading hours on Wednesday, hitting $186.00. The company had a trading volume of 144,299,327 shares, compared to its average volume of 180,659,672. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The firm has a market capitalization of $4.52 trillion, a P/E ratio of 37.96, a price-to-earnings-growth ratio of 0.62 and a beta of 2.33. The firm’s fifty day moving average is $185.60 and its 200-day moving average is $184.06.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. The company had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business’s revenue was up 73.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, March 11th. NVIDIA’s dividend payout ratio (DPR) is 0.82%.

Institutional Trading of NVIDIA

Several large investors have recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. bought a new stake in NVIDIA during the 4th quarter worth about $26,000. Winnow Wealth LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC grew its position in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the second quarter worth approximately $40,000. Finally, Inspire Investing LLC bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $44,000. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus set a $250.00 target price on shares of NVIDIA in a research note on Thursday, January 8th. Sanford C. Bernstein boosted their price target on NVIDIA from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Melius Research upped their price target on NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Itau BBA Securities reiterated a “market perform” rating on shares of NVIDIA in a research report on Thursday, February 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $275.00 price objective (up from $250.00) on shares of NVIDIA in a report on Friday, January 16th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $273.64.

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About NVIDIA

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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