NVIDIA (NASDAQ:NVDA) EVP Debora Shoquist Sells 69,840 Shares of Stock

NVIDIA Corporation (NASDAQ:NVDA) EVP Debora Shoquist sold 69,840 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the completion of the transaction, the executive vice president directly owned 1,424,603 shares in the company, valued at $253,365,643.55. The trade was a 4.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Debora Shoquist also recently made the following trade(s):

• On Thursday, December 11th, Debora Shoquist sold 80,000 shares of NVIDIA stock. The shares were sold at an average price of $178.90, for a total transaction of $14,312,000.00.
• On Tuesday, December 9th, Debora Shoquist sold 80,000 shares of NVIDIA stock. The shares were sold at an average price of $184.65, for a total transaction of $14,772,000.00.

NVIDIA Stock Performance

Shares of NVDA stock opened at $175.02 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a market cap of $4.25 trillion, a P/E ratio of 43.43, a P/E/G ratio of 0.89 and a beta of 2.29. The firm’s 50 day moving average price is $186.69 and its 200-day moving average price is $173.54. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 62.5% on a year-over-year basis. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVDA shares. Evercore ISI set a $352.00 target price on NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Tuesday. CICC Research lifted their price objective on shares of NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Craig Hallum increased their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Finally, Bank of America raised their price target on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $258.65.

Hedge Funds Weigh In On NVIDIA

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE lifted its position in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after buying an additional 3,653 shares during the last quarter. Hudson Value Partners LLC boosted its holdings in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after buying an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. grew its position in shares of NVIDIA by 15.7% in the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after buying an additional 896 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.