Insider Selling: NVIDIA Corporation (NASDAQ:NVDA) CFO Sells 27,640 Shares of Stock

Key Points

• NVIDIA's CFO, Colette Kress, sold 27,640 shares of stock on August 4th for a total of $4,921,578.40, reducing her ownership by 0.93% to approximately 2.96 million shares.
• The company reported $0.81 EPS for the previous quarter, missing the estimate of $0.87, although quarterly revenues increased by 69.2% year-over-year.
• NVIDIA has a market capitalization of $4.38 trillion, with analysts issuing an average price target of $182.03 and a majority recommending a "buy" rating on the stock.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CFO Colette Kress sold 27,640 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, August 4th, Colette Kress sold 20,000 shares of NVIDIA stock. The stock was sold at an average price of $178.06, for a total transaction of $3,561,200.00.
• On Tuesday, July 15th, Colette Kress sold 20,000 shares of NVIDIA stock. The stock was sold at an average price of $170.88, for a total transaction of $3,417,600.00.
• On Tuesday, July 15th, Colette Kress sold 27,650 shares of NVIDIA stock. The shares were sold at an average price of $170.89, for a total transaction of $4,725,108.50.
• On Friday, June 20th, Colette Kress sold 20,000 shares of NVIDIA stock. The shares were sold at an average price of $144.21, for a total transaction of $2,884,200.00.
• On Friday, June 20th, Colette Kress sold 30,500 shares of NVIDIA stock. The shares were sold at an average price of $144.21, for a total transaction of $4,398,405.00.

NVIDIA Stock Up 1.1%

NASDAQ NVDA traded up $1.91 during trading on Friday, reaching $182.68. The company's stock had a trading volume of 95,076,024 shares, compared to its average volume of 245,094,875. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.46 trillion, a PE ratio of 58.97, a PEG ratio of 1.58 and a beta of 2.14. The business has a 50-day moving average price of $158.85 and a 200-day moving average price of $133.52. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $183.88.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is 1.29%.

Institutional Trading of NVIDIA

A number of institutional investors have recently added to or reduced their stakes in the business. Morton Brown Family Wealth LLC increased its holdings in NVIDIA by 1.5% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker's stock valued at $621,000 after buying an additional 58 shares during the period. Roof Eidam Maycock Peralta LLC increased its holdings in NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker's stock valued at $3,302,000 after buying an additional 58 shares during the period. Alpha Wealth Funds LLC increased its holdings in NVIDIA by 1.3% in the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker's stock valued at $732,000 after buying an additional 59 shares during the period. Copia Wealth Management increased its holdings in NVIDIA by 14.7% in the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker's stock valued at $74,000 after buying an additional 60 shares during the period. Finally, BKM Wealth Management LLC increased its holdings in NVIDIA by 1.1% in the 2nd quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker's stock valued at $908,000 after buying an additional 60 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVDA. Citigroup raised their price target on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Rosenblatt Securities increased their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Morgan Stanley increased their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Finally, Loop Capital increased their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $183.75.

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.