NVIDIA Corporation (NASDAQ:NVDA) CFO Colette Kress Sells 30,500 Shares

NVIDIA Corporation (NASDAQ:NVDA) CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $144.21, for a total value of $4,398,405.00. Following the sale, the chief financial officer now directly owns 3,012,166 shares of the company’s stock, valued at $434,384,458.86. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Colette Kress also recently made the following trade(s):

• On Friday, June 20th, Colette Kress sold 20,000 shares of NVIDIA stock. The stock was sold at an average price of $144.21, for a total value of $2,884,200.00.

NVIDIA Trading Up 0.2%

Shares of NASDAQ:NVDA traded up $0.32 during midday trading on Monday, reaching $144.17. The company’s stock had a trading volume of 151,059,400 shares, compared to its average volume of 271,774,770. The firm has a market cap of $3.52 trillion, a price-to-earnings ratio of 46.51, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $153.13. The business has a 50 day moving average price of $126.37 and a 200 day moving average price of $126.43.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same period last year, the firm posted $0.61 EPS. NVIDIA’s revenue was up 69.2% on a year-over-year basis. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s payout ratio is 1.29%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. Raymond James Financial raised their price target on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, TD Cowen raised their price target on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.05.

Institutional Investors Weigh In On NVIDIA

Several institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB boosted its position in shares of NVIDIA by 9.7% in the first quarter. Swedbank AB now owns 41,458,131 shares of the computer hardware maker’s stock worth $4,493,232,000 after buying an additional 3,682,525 shares during the period. Real Talk Capital LLC boosted its position in shares of NVIDIA by 12.2% in the first quarter. Real Talk Capital LLC now owns 7,522 shares of the computer hardware maker’s stock worth $815,000 after buying an additional 820 shares during the period. Howe & Rusling Inc. boosted its position in shares of NVIDIA by 2.4% in the first quarter. Howe & Rusling Inc. now owns 169,225 shares of the computer hardware maker’s stock worth $18,341,000 after buying an additional 3,996 shares during the period. Guinness Asset Management LTD boosted its holdings in NVIDIA by 5.3% in the first quarter. Guinness Asset Management LTD now owns 372,448 shares of the computer hardware maker’s stock valued at $40,372,000 after purchasing an additional 18,691 shares during the last quarter. Finally, Maple Capital Management Inc. boosted its holdings in NVIDIA by 1.0% in the first quarter. Maple Capital Management Inc. now owns 732,482 shares of the computer hardware maker’s stock valued at $79,386,000 after purchasing an additional 7,003 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.