NVIDIA Director Sells Off 12,000 Shares

Published March 8, 2024

On March 4th, NVIDIA Corporation's (NASDAQ:NVDA) Director, Mark A. Stevens, sold a notable 12,000 shares of the tech giant's stock. Each share traded hands at an average price of $853.54, culminating in a substantial $10.24 million transaction. Post-sale, Stevens retains over a million shares, collectively worth nearly $945.37 million. Details of the sale were officially filed with the SEC, and can be found through a designated hyperlink.

Significant Movement in NVIDIA's Stock

NVIDIA's shares saw a rise to $926.69, while averages over fifty and two hundred days stood at $658.73 and $529.40 respectively. The ranges over the past year saw a low and high of $222.97 and $927.67, outlining the stock's impressive volatility. The company touts a market cap of over $2 trillion and maintains various ratios indicating solid financial health.

Recent quarterly reports exceeding expectations have further bolstered shareholder confidence. NVIDIA's earnings per share (EPS) reached $5.16, surpassing the anticipated $4.21 by a significant margin. Revenue too exceeded estimates by nearly $1.7 billion, marking a 265.3% increase year-over-year, translating into strong returns and margins.

Dividends and Financial Ratios

A dividend of $0.04 per share was announced for March 27th, maintaining the company's modest yield and payout ratio.

Investor Movements

Noteworthy changes in NVIDIA stock holdings were observed among institutional investors, where purchasing activity by entities like United Bank, Mirae Asset Global Investments, and others, has been reported, signaling a broader investing trend within the financial community.

Analysts' Perspectives

Analysts have issued a range of updates and ratings on NVIDIA's stock, with several boosts to price targets and positive outlooks suggesting continued growth potential.

Understanding NVIDIA's Business

NVIDIA delivers cutting-edge graphics and computing solutions globally, with diverse applications across gaming, enterprise graphics, cloud computing, automotive infotainment systems, and 3D design.

NVIDIA, Stock, Insider