Colette Kress Sells 30,500 Shares of NVIDIA (NASDAQ:NVDA) Stock

Key Points

• NVIDIA CFO Colette Kress sold 30,500 shares of NVIDIA stock for a total of approximately $5.38 million, reducing her ownership of shares in the company by 1.05%.
• NVIDIA's most recent quarterly earnings reported an EPS of $1.05, exceeding expectations, with revenue up 55.6% year-over-year.
• The company also announced a quarterly dividend of $0.01 per share to be paid on October 2nd, reflecting a modest annual yield of 0.0%.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, September 19th, Colette Kress sold 20,000 shares of NVIDIA stock. The stock was sold at an average price of $176.40, for a total value of $3,528,000.00.
• 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 value of $3,561,200.00.
• On Monday, August 4th, Colette Kress sold 27,640 shares of NVIDIA stock. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40.
• 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 value of $3,417,600.00.
• On Tuesday, July 15th, Colette Kress sold 27,650 shares of NVIDIA stock. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $6.17 during trading hours on Monday, reaching $182.84. The stock had a trading volume of 184,561,804 shares, compared to its average volume of 234,282,281. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a 50 day simple moving average of $175.73 and a 200 day simple moving average of $143.85. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55. The stock has a market cap of $4.44 trillion, a P/E ratio of 52.05, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Institutional Trading of NVIDIA

A number of large investors have recently modified their holdings of NVDA. Canal Capital Management LLC raised its stake in NVIDIA by 5.2% in the second quarter. Canal Capital Management LLC now owns 83,631 shares of the computer hardware maker's stock worth $13,213,000 after buying an additional 4,157 shares in the last quarter. Milestones Private Investment Advisors LLC purchased a new stake in shares of NVIDIA during the second quarter valued at $1,162,000. NWF Advisory Services Inc. grew its holdings in shares of NVIDIA by 87.6% during the second quarter. NWF Advisory Services Inc. now owns 83,164 shares of the computer hardware maker's stock valued at $13,139,000 after buying an additional 38,836 shares during the last quarter. Alternative Investment Advisors LLC. boosted its holdings in NVIDIA by 1.5% in the second quarter. Alternative Investment Advisors LLC. now owns 20,814 shares of the computer hardware maker's stock valued at $3,288,000 after purchasing an additional 312 shares during the last quarter. Finally, Prospera Capital Management LLC boosted its holdings in NVIDIA by 0.9% in the second quarter. Prospera Capital Management LLC now owns 20,760 shares of the computer hardware maker's stock valued at $3,280,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NVDA shares. Robert W. Baird increased their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Stifel Nicolaus upped their price target on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Daiwa Capital Markets upped their price target on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Finally, Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $208.47.

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.