Colette Kress Sells 66,670 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDA) CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, September 20th, Colette Kress sold 66,670 shares of NVIDIA stock. The shares were sold at an average price of $116.59, for a total value of $7,773,055.30.

NVIDIA Stock Down 2.2 %

NVDA traded down $3.09 on Friday, hitting $134.25. 231,010,839 shares of the company were exchanged, compared to its average volume of 385,521,438. The firm has a 50-day moving average price of $139.57 and a two-hundred day moving average price of $126.41. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 53.31, a price-to-earnings-growth ratio of 2.52 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 2.76 earnings per share for the current year.

NVIDIA declared that its board has approved a stock repurchase plan on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Analyst Ratings Changes

A number of brokerages have weighed in on NVDA. Melius Research raised their price objective on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Evercore ISI raised their price target on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Needham & Company LLC upped their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Monday, November 18th. Finally, Susquehanna upped their price target on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.15.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brass Tax Wealth Management Inc. boosted its position in shares of NVIDIA by 53.0% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 2,845 shares of the computer hardware maker’s stock worth $346,000 after acquiring an additional 985 shares in the last quarter. Legacy Wealth Management LLC MS lifted its stake in NVIDIA by 60.5% during the third quarter. Legacy Wealth Management LLC MS now owns 42,765 shares of the computer hardware maker’s stock worth $5,193,000 after purchasing an additional 16,115 shares during the last quarter. SPX Gestao de Recursos Ltda boosted its holdings in NVIDIA by 3.7% in the third quarter. SPX Gestao de Recursos Ltda now owns 128,063 shares of the computer hardware maker’s stock valued at $15,552,000 after purchasing an additional 4,523 shares in the last quarter. Alternative Investment Advisors LLC. increased its stake in NVIDIA by 15.0% in the third quarter. Alternative Investment Advisors LLC. now owns 19,571 shares of the computer hardware maker’s stock valued at $2,377,000 after purchasing an additional 2,547 shares during the last quarter. Finally, DGS Capital Management LLC raised its holdings in NVIDIA by 3.6% during the third quarter. DGS Capital Management LLC now owns 78,760 shares of the computer hardware maker’s stock worth $9,565,000 after purchasing an additional 2,751 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.