NVIDIA Co. (NASDAQ:NVDA) CFO Sells 100,000 Shares

NVIDIA Co. (NASDAQ:NVDA) CFO Colette Kress sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $126.99, for a total transaction of $12,699,000.00. Following the sale, the chief financial officer now owns 5,288,862 shares in the company, valued at approximately $671,632,585.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NVIDIA Price Performance

Shares of NVDA opened at $126.57 on Monday. The firm has a market capitalization of $3.11 trillion, a PE ratio of 74.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.76. The company’s fifty day moving average price is $102.25 and its 200-day moving average price is $81.04.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. During the same period in the previous year, the company earned $0.09 earnings per share. The business’s quarterly revenue was up 262.1% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 2.52 EPS for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, June 11th. NVIDIA’s dividend payout ratio is presently 2.34%.

Institutional Investors Weigh In On NVIDIA

Several hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. boosted its holdings in NVIDIA by 97.1% in the first quarter. HM Payson & Co. now owns 152,416 shares of the computer hardware maker’s stock valued at $137,717,000 after purchasing an additional 75,086 shares during the last quarter. Keynote Financial Services LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth about $262,000. Jackson Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth about $3,023,000. OMC Financial Services LTD purchased a new stake in shares of NVIDIA during the 1st quarter worth about $25,395,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of NVIDIA by 14.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 14,189 shares of the computer hardware maker’s stock worth $12,259,000 after acquiring an additional 1,785 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVDA. HSBC lifted their target price on shares of NVIDIA from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Cantor Fitzgerald increased their target price on NVIDIA from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Raymond James lifted their target price on NVIDIA from $110.00 to $120.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. increased their price objective on shares of NVIDIA from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of NVIDIA from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.77.

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.