Insider Selling: NVIDIA Corporation (NASDAQ:NVDA) CFO Sells 30,500 Shares of Stock

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.21, for a total transaction of $4,398,405.00. Following the completion of the sale, the chief financial officer now owns 3,012,166 shares in the company, valued at $434,384,458.86. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 value of $2,884,200.00.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $0.71 during midday trading on Thursday, hitting $155.02. 197,366,288 shares of the company traded hands, compared to its average volume of 269,337,995. The stock has a market cap of $3.78 trillion, a price-to-earnings ratio of 50.01, a PEG ratio of 1.36 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm's fifty day moving average price is $128.75 and its 200-day moving average price is $126.78. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $156.99.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AG2R LA Mondiale Gestion D Actifs acquired a new stake in NVIDIA during the 1st quarter worth approximately $97,728,000. Swedbank AB lifted its holdings in shares of NVIDIA by 9.7% during the first quarter. Swedbank AB now owns 41,458,131 shares of the computer hardware maker's stock worth $4,493,232,000 after purchasing an additional 3,682,525 shares during the period. Real Talk Capital LLC grew its stake in shares of NVIDIA by 12.2% in the first quarter. Real Talk Capital LLC now owns 7,522 shares of the computer hardware maker's stock worth $815,000 after purchasing an additional 820 shares during the last quarter. Howe & Rusling Inc. raised its position in NVIDIA by 2.4% during the 1st quarter. Howe & Rusling Inc. now owns 169,225 shares of the computer hardware maker's stock worth $18,341,000 after purchasing an additional 3,996 shares during the last quarter. Finally, Guinness Asset Management LTD grew its position in shares of NVIDIA by 5.3% in the 1st quarter. Guinness Asset Management LTD now owns 372,448 shares of the computer hardware maker's stock valued at $40,372,000 after buying an additional 18,691 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent research reports. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Piper Sandler reiterated an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Mizuho lifted their price target on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. Finally, Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.78.

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.