NVIDIA Director Aarti S. Shah Sells 20,000 Shares

NVIDIA Co. (NASDAQ:NVDA) Director Aarti S. Shah executed a transaction on Thursday, March 20th, selling 20,000 shares of the company's stock. The shares were sold at an average price of $118.42 each, resulting in a total value of $2,368,400.00. Following this transaction, Shah's ownership has decreased to 53,208 shares of NVIDIA stock, which are now valued at approximately $6,300,891.36. This sale represents a 27.32% reduction in Shah's stake in the company. A report detailing this trade has been filed with the Securities and Exchange Commission (SEC) and is accessible through their website.

NVIDIA Stock Performance

On Friday, NVIDIA's stock saw a decline of 0.7%, dropping by $0.83 to reach a trading price of $117.70. The trading volume was about 265,860,046 shares compared to its average volume of 316,229,962 shares. Over the past year, the stock hit a low of $75.61 and a high of $153.13. The company's fifty-day simple moving average stands at $126.92, while the two-hundred-day average is at $131.02. NVIDIA currently boasts a market capitalization of $2.87 trillion, a price-to-earnings (P/E) ratio of 46.32, and a price-to-earnings-growth (PEG) ratio of 1.76. Additionally, its beta is 1.77, indicating volatility in relation to the market. The company also demonstrates a low debt-to-equity ratio of 0.13, alongside quick and current ratios of 3.64 and 4.10 respectively.

Quarterly Earnings Results

NVIDIA released its latest quarterly earnings on February 26th. The computer hardware manufacturer reported an earnings per share (EPS) of $0.89 for the quarter, exceeding analyst expectations, which had predicted an EPS of $0.84. The company achieved a return on equity of 114.83% and a net margin of 55.69%. Revenue for the quarter was reported at $39.33 billion, surpassing the consensus estimate of $38.16 billion. Analysts anticipate that NVIDIA will post an EPS of 2.77 for the current year.

Dividend Declaration

NVIDIA has announced a quarterly dividend that is planned to be paid on April 2nd. Shareholders on record as of March 12th will receive a dividend of $0.01 per share, which translates to an annualized dividend of $0.04, reflecting a yield of 0.03%. The ex-dividend date was also set for March 12th. The company's payout ratio is currently 1.36%.

Analysts' Predictions for Growth

Institutional Investments

Recent adjustments in holdings by institutional investors and hedge funds have also been notable. Tacita Capital Inc acquired a new stake in NVIDIA worth about $28,000 in the last quarter. Similarly, Legend Financial Advisors Inc. invested approximately $34,000, while Vision Financial Markets LLC put in around $38,000. Luken Investment Analytics LLC and DHJJ Financial Advisors Ltd. also bought new positions in the firm valued at roughly $40,000 and $41,000 respectively. Currently, institutional investors hold about 65.27% of NVIDIA's stock.

About NVIDIA

NVIDIA Corporation specializes in providing graphics, computation, and networking solutions on a global scale, including in the United States, Taiwan, China, and Hong Kong. The company's Graphics segment includes GeForce GPUs aimed at gaming and personal computing, the GeForce NOW game streaming service, and various solutions for gaming platforms. NVIDIA also supplies Quadro/NVIDIA RTX GPUs intended for enterprise-grade workstation graphics, virtual GPU (vGPU) software for cloud applications, automotive platforms for vehicle infotainment systems, and Omniverse software for metaverse applications.

NVIDIA, Director, Shares