Colette Kress Sells 27,650 Shares of NVIDIA Corporation (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CFO Colette Kress sold 27,650 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the transaction, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at $510,023,939.24. This trade represents a 0.92% 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 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 Friday, June 20th, Colette Kress sold 20,000 shares of NVIDIA stock. The stock was 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 stock was sold at an average price of $144.21, for a total transaction of $4,398,405.00.

NVIDIA Stock Performance

Shares of NVDA stock traded down $0.59 during trading hours on Friday, reaching $172.41. The stock had a trading volume of 145,724,125 shares, compared to its average volume of 264,005,993. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.16. The firm has a 50-day simple moving average of $145.88 and a 200-day simple moving average of $129.63. The firm has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the business earned $0.61 EPS. The firm's revenue was up 69.2% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NVDA. 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 research report on Wednesday, June 25th. Jefferies Financial Group increased their price objective on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $181.22.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $38,000. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $50,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter worth approximately $51,000. 65.27% of the stock is currently owned by institutional investors.

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.