Nvidia Corp. (NVDA) CFO Colette Kress Sells 37,804 Shares
Nvidia Corp. (NASDAQ:NVDA) CFO Colette Kress sold 37,804 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $68.60, for a total transaction of $2,593,354.40. Following the transaction, the chief financial officer now owns 444,812 shares of the company’s stock, valued at $30,514,103.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Colette Kress also recently made the following trade(s):
- On Monday, August 29th, Colette Kress sold 38,039 shares of Nvidia Corp. stock. The shares were sold at an average price of $62.18, for a total transaction of $2,365,265.02.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 68.23 on Thursday. Nvidia Corp. has a one year low of $24.75 and a one year high of $69.70. The firm has a 50-day moving average of $63.46 and a 200-day moving average of $49.67. The company has a market capitalization of $36.50 billion, a P/E ratio of 44.83 and a beta of 1.25.
Nvidia Corp. (NASDAQ:NVDA) last released its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.16. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. Nvidia Corp. had a net margin of 16.58% and a return on equity of 20.86%. Nvidia Corp.’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. Analysts forecast that Nvidia Corp. will post $1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, August 25th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, August 23rd. Nvidia Corp.’s dividend payout ratio is presently 30.26%.
Several research analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $58.00 target price on shares of Nvidia Corp. in a research report on Monday, July 11th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Nvidia Corp. in a research report on Wednesday, June 15th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.60.
A number of hedge funds have recently added to or reduced their stakes in NVDA. Washington Trust Bank increased its stake in Nvidia Corp. by 0.8% in the third quarter. Washington Trust Bank now owns 6,753 shares of the computer hardware maker’s stock valued at $463,000 after buying an additional 54 shares in the last quarter. Atlantic Trust Group LLC increased its stake in Nvidia Corp. by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 27,441 shares of the computer hardware maker’s stock valued at $1,289,000 after buying an additional 81 shares in the last quarter. IFC Holdings Incorporated FL increased its stake in Nvidia Corp. by 1.2% in the second quarter. IFC Holdings Incorporated FL now owns 8,639 shares of the computer hardware maker’s stock valued at $403,000 after buying an additional 100 shares in the last quarter. Advantus Capital Management Inc increased its stake in Nvidia Corp. by 0.3% in the second quarter. Advantus Capital Management Inc now owns 50,125 shares of the computer hardware maker’s stock valued at $2,356,000 after buying an additional 131 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its stake in Nvidia Corp. by 0.6% in the first quarter. Baker Avenue Asset Management LP now owns 32,830 shares of the computer hardware maker’s stock valued at $1,170,000 after buying an additional 200 shares in the last quarter. 86.37% of the stock is currently owned by institutional investors.
Nvidia Corp. Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
Receive News & Stock Ratings for Nvidia Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvidia Corp. and related stocks with our FREE daily email newsletter.