NVIDIA Corporation (NVDA) CFO Colette Kress Sells 171 Shares
NVIDIA Corporation (NASDAQ:NVDA) CFO Colette Kress sold 171 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Colette Kress also recently made the following trade(s):
- On Monday, October 9th, Colette Kress sold 22,808 shares of NVIDIA stock. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48.
Shares of NVIDIA Corporation (NVDA) traded up $5.09 during mid-day trading on Friday, hitting $191.56. 16,090,200 shares of the stock were exchanged, compared to its average volume of 14,168,914. NVIDIA Corporation has a fifty-two week low of $95.17 and a fifty-two week high of $218.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The stock has a market cap of $113,000.82, a P/E ratio of 45.93, a PEG ratio of 4.34 and a beta of 1.18.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio (DPR) is currently 14.89%.
Several hedge funds have recently modified their holdings of the company. Cibc World Markets Corp increased its stake in NVIDIA by 12.1% during the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after buying an additional 13,802 shares during the period. Meiji Yasuda Life Insurance Co increased its stake in NVIDIA by 9.9% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after buying an additional 1,000 shares during the period. Oppenheimer Asset Management Inc. increased its stake in NVIDIA by 17.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after buying an additional 2,836 shares during the period. Girard Partners LTD. increased its stake in NVIDIA by 7.7% during the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock worth $448,000 after buying an additional 221 shares during the period. Finally, SG Americas Securities LLC increased its stake in NVIDIA by 160.9% during the 3rd quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after buying an additional 120,734 shares during the period. 63.51% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $176.95 target price for the company in a report on Wednesday, September 6th. Citigroup reaffirmed a “buy” rating and issued a $210.00 target price (up from $185.00) on shares of NVIDIA in a report on Friday, September 29th. Bank of America set a $210.00 target price on shares of NVIDIA and gave the company a “buy” rating in a report on Thursday, October 12th. Loop Capital reaffirmed a “buy” rating and issued a $181.00 target price on shares of NVIDIA in a report on Tuesday, August 22nd. Finally, Needham & Company LLC upped their target price on shares of NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 13th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. NVIDIA has a consensus rating of “Buy” and a consensus price target of $187.38.
ILLEGAL ACTIVITY NOTICE: “NVIDIA Corporation (NVDA) CFO Colette Kress Sells 171 Shares” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/nvidia-corporation-nvda-cfo-colette-kress-sells-171-shares/1768620.html.
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.
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.