NVIDIA (NASDAQ:NVDA) CFO Sells $5,432,355.00 in Stock

NVIDIA Corporation (NASDAQ:NVDA) CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the sale, the chief financial officer directly owned 1,286,826 shares of the company’s stock, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, December 12th, Colette Kress sold 20,000 shares of NVIDIA stock. The stock was sold at an average price of $178.11, for a total transaction of $3,562,200.00.
• On Monday, November 3rd, Colette Kress sold 20,000 shares of NVIDIA stock. The stock was sold at an average price of $208.33, for a total transaction of $4,166,600.00.
• On Monday, November 3rd, Colette Kress sold 27,640 shares of NVIDIA stock. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20.
• On Tuesday, October 21st, Colette Kress sold 20,000 shares of NVIDIA stock. The stock was sold at an average price of $181.42, for a total value of $3,628,400.00.
• On Tuesday, October 21st, Colette Kress sold 27,640 shares of NVIDIA stock. The stock was sold at an average price of $181.42, for a total value of $5,014,448.80.
• On Friday, September 19th, Colette Kress sold 20,000 shares of NVIDIA stock. The shares were sold at an average price of $176.40, for a total transaction of $3,528,000.00.
• On Friday, September 19th, Colette Kress sold 30,500 shares of NVIDIA stock. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $5.91 during trading hours on Friday, reaching $175.02. The company’s stock had a trading volume of 203,295,695 shares, compared to its average volume of 196,757,856. The firm has a 50 day moving average price of $186.69 and a 200-day moving average price of $173.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The stock has a market cap of $4.25 trillion, a P/E ratio of 43.43, a P/E/G ratio of 0.89 and a beta of 2.29. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same quarter last year, the business posted $0.81 earnings per share. The firm’s revenue was up 62.5% on a year-over-year basis. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Craig Hallum increased their target price on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Citic Securities boosted their price objective on NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Finally, CICC Research boosted their price target on NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Four analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $258.65.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Center for Financial Planning Inc. increased its stake in shares of NVIDIA by 4.6% in the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after acquiring an additional 367 shares during the last quarter. Atria Investments Inc raised its stake in NVIDIA by 3.2% during the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after purchasing an additional 29,479 shares during the period. Fielder Capital Group LLC boosted its stake in NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after buying an additional 4,444 shares during the period. MADDEN SECURITIES Corp increased its position in shares of NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the last quarter. Finally, ORG Wealth Partners LLC raised its stake in shares of NVIDIA by 7.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after acquiring an additional 3,542 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.