NVIDIA Co. (NASDAQ:NVDA) CFO Sells $1,375,740.00 in Stock

NVIDIA Co. (NASDAQ:NVDA – Get Rating) CFO Colette Kress sold 6,000 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the sale, the chief financial officer now directly owns 561,401 shares of the company’s stock, valued at $128,723,635.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, January 26th, Colette Kress sold 10,741 shares of NVIDIA stock. The shares were sold at an average price of $200.00, for a total value of $2,148,200.00.

NVIDIA Price Performance

Shares of NVDA stock opened at $240.63 on Wednesday. The stock has a 50 day moving average of $204.52 and a two-hundred day moving average of $165.06. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44. NVIDIA Co. has a 12 month low of $108.13 and a 12 month high of $289.46. The company has a market capitalization of $594.36 billion, a P/E ratio of 138.29, a P/E/G ratio of 4.08 and a beta of 1.76.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the company earned $1.14 EPS. The company’s quarterly revenue was down 20.8% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Co. will post 3.21 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 8th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.07%. NVIDIA’s dividend payout ratio is 9.20%.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, February 23rd. JPMorgan Chase & Co. upped their price target on NVIDIA from $220.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, February 23rd. Morgan Stanley upped their price target on NVIDIA from $175.00 to $246.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 21st. Craig Hallum upped their target price on NVIDIA from $165.00 to $190.00 and gave the stock a “hold” rating in a research report on Thursday, February 23rd. Finally, Jefferies Financial Group upped their target price on NVIDIA from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $242.14.

Institutional Investors Weigh In On NVIDIA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Claro Advisors LLC increased its stake in shares of NVIDIA by 60.2% in the 4th quarter. Claro Advisors LLC now owns 7,947 shares of the computer hardware maker’s stock valued at $1,161,000 after buying an additional 2,986 shares during the period. Mather Group LLC. increased its stake in shares of NVIDIA by 9.0% in the 4th quarter. Mather Group LLC. now owns 7,881 shares of the computer hardware maker’s stock valued at $1,152,000 after buying an additional 648 shares during the period. Flagstone Financial Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at $286,000. Capital Asset Advisory Services LLC increased its stake in shares of NVIDIA by 17.3% in the 4th quarter. Capital Asset Advisory Services LLC now owns 14,551 shares of the computer hardware maker’s stock valued at $2,151,000 after buying an additional 2,142 shares during the period. Finally, Great Lakes Retirement Inc. acquired a new stake in shares of NVIDIA in the 4th quarter valued at $7,007,000. 61.80% of the stock is owned by institutional investors and hedge funds.

About NVIDIA

(Get Rating)

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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.