NVIDIA Director Mark A. Stevens Sells $20.5 Million in Shares

NVIDIA Co. (NASDAQ:NVDA) has recently seen a significant stock transaction involving its Director, Mark A. Stevens. On October 9th, Stevens sold 155,000 shares of the company's stock at an average price of $132.27, resulting in a total sale amount of $20,501,850.00. After this transaction, Stevens retains ownership of 8,100,117 shares in NVIDIA, which are currently valued at about $1,071,402,475.59. Notably, this sale translates to a negligible 0.00% decrease in his overall stock ownership.

Current Stock Market Performance

As of Friday, NVIDIA's stock opened at $134.80. Over the past year, the company has experienced considerable fluctuations, with a 52-week low of $39.23 and a 52-week high of $140.76. NVIDIA has a fifty-day simple moving average of $118.54 and a 200-day simple moving average of $110.62. The company's market capitalization stands at approximately $3.31 trillion, with a price-to-earnings (P/E) ratio of 63.23, P/E growth (P/E/G) ratio of 1.20, and a beta of 1.67. Its quick ratio is reported at 3.79, current ratio at 4.27, and a debt-to-equity ratio of 0.15.

Recent Earnings Report

NVIDIA reported its latest quarterly earnings on August 28th. The company achieved an earnings per share (EPS) of $0.68, surpassing the analyst consensus estimate of $0.64 by $0.04. The firm recorded a remarkable return on equity of 113.50% and a net margin of 55.04%, with quarterly revenues reaching $30.04 billion, exceeding the expected $28.74 billion. Compared to the same period last year, this represents an impressive 122.4% increase in revenue. Analysts forecast that NVIDIA will report an EPS of 2.65 for the current year.

Dividend Adjustments and Stock Buybacks

NVIDIA recently declared a quarterly dividend, which was paid on October 3rd. Stockholders of record received a dividend of $0.01 per share, reflecting an annualized dividend of $0.04 and a yield of 0.03%. The company's dividend payout ratio is approximately 1.88%. Furthermore, on August 28th, NVIDIA's board approved a substantial stock repurchase program that allows for the buyback of up to $50 billion worth of shares. This move is often interpreted as a sign that the leadership believes the company's stock is undervalued.

Analyst Ratings and Predictions

Institutional Holdings and Investments

Recent changes in institutional and hedge fund holdings of NVIDIA stocks have been notable. In the second quarter, Lowe Wealth Advisors LLC acquired a new stake valued at $25,000, while DHJJ Financial Advisors Ltd. significantly raised its stake by 1,900.0%, now owning 200 shares valued at $25,000. Additionally, FPC Investment Advisory Inc. and CGC Financial Services LLC also made new acquisitions, each valued at approximately $26,000. Currently, 65.27% of NVIDIA shares are owned by institutional investors and hedge funds.

About NVIDIA Corporation

NVIDIA Corporation specializes in providing graphics and compute networking solutions. The company operates internationally, with offerings including GeForce GPUs for gaming, the GeForce NOW streaming service, enterprise workstation graphics, automotive platforms, and Omniverse software for building metaverse applications.

NVIDIA, Director, Stock