Colette Kress Sells 100,000 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDA) CFO Colette Kress sold 100,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $120.85, for a total transaction of $12,085,000.00. Following the sale, the chief financial officer now owns 5,188,862 shares in the company, valued at approximately $627,073,972.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, June 21st, Colette Kress sold 100,000 shares of NVIDIA stock. The stock was sold at an average price of $126.99, for a total transaction of $12,699,000.00.

NVIDIA Stock Down 1.9 %

NVDA stock opened at $123.99 on Friday. The firm has a market cap of $3.05 trillion, a PE ratio of 72.51, a PEG ratio of 1.33 and a beta of 1.70. NVIDIA Co. has a 1 year low of $39.23 and a 1 year high of $140.76. The company has a fifty day simple moving average of $104.51 and a 200 day simple moving average of $82.41. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17.

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

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be given a $0.10 dividend. 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. NVIDIA’s dividend payout ratio (DPR) is currently 2.34%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVDA. CICC Research initiated coverage on NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $87.00 target price for the company. Melius Research lifted their price target on NVIDIA from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Morgan Stanley reiterated an “overweight” rating on shares of NVIDIA in a research note on Monday, June 10th. Argus raised their target price on shares of NVIDIA from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Rosenblatt Securities raised their target price on NVIDIA from $140.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $123.80.

Institutional Trading of NVIDIA

Institutional investors and hedge funds have recently modified their holdings of the company. Baader Bank Aktiengesellschaft lifted its position in shares of NVIDIA by 34.9% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock worth $21,896,000 after purchasing an additional 11,445 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of NVIDIA by 16.3% in the fourth quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock valued at $6,080,000 after acquiring an additional 1,724 shares during the period. Shared Vision Wealth Group LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $269,000. Grand Alliance Asset Management Ltd bought a new position in NVIDIA during the fourth quarter worth $29,961,000. Finally, OMNI 360 Wealth Inc. acquired a new position in NVIDIA during the 4th quarter valued at $240,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Company Profile

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.