NVIDIA Corporation (NVDA) CFO Colette Kress Sells 22,808 Shares

NVIDIA Corporation (NASDAQ:NVDA) CFO Colette Kress sold 22,808 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NVIDIA Corporation (NVDA) traded up 1.06% during trading on Wednesday, reaching $190.94. 13,226,630 shares of the company were exchanged. The company’s 50-day moving average price is $173.78 and its 200-day moving average price is $147.08. NVIDIA Corporation has a 1-year low of $63.70 and a 1-year high of $192.95. The stock has a market capitalization of $114.56 billion, a P/E ratio of 54.92 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. On average, equities analysts forecast that NVIDIA Corporation will post $3.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were given a $0.14 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.29%. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.

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A number of equities research analysts have issued reports on NVDA shares. Mizuho reissued a “buy” rating and set a $180.00 target price (up previously from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $140.00 target price on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Bank of America Corporation reissued a “buy” rating and set a $185.00 target price on shares of NVIDIA Corporation in a report on Wednesday, June 21st. Vetr cut shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a report on Thursday, August 31st. Finally, Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a report on Tuesday, July 11th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $156.80.

A number of institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. boosted its position in NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares during the period. Family Firm Inc. boosted its position in NVIDIA Corporation by 0.7% in the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after buying an additional 13 shares during the period. Appleton Partners Inc. MA boosted its position in NVIDIA Corporation by 1.2% in the 2nd quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after buying an additional 30 shares during the period. Carnegie Capital Asset Management LLC boosted its position in NVIDIA Corporation by 0.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after buying an additional 30 shares during the period. Finally, Pinebridge Investments L.P. boosted its position in NVIDIA Corporation by 1.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after buying an additional 33 shares during the period. 65.79% of the stock is owned by institutional investors.

About NVIDIA Corporation

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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