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

NVIDIA Corporation (NASDAQ:NVDA) EVP Debora Shoquist sold 69,840 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the sale, the executive vice president directly owned 1,424,603 shares in the company, valued at $253,365,643.55. This trade represents a 4.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 value 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 value of $14,772,000.00.

NVIDIA Stock Performance

NASDAQ NVDA opened at $175.02 on Friday. The stock has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 43.43, a PEG ratio of 0.86 and a beta of 2.29. The stock has a 50-day moving average of $186.69 and a 200 day moving average of $173.81. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business’s revenue was up 62.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $275.00 price objective on NVIDIA and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Needham & Company LLC restated a “buy” rating and issued a $240.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating and set a $250.00 price target (up from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Finally, HSBC set a $320.00 price objective on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NVIDIA has a consensus rating of “Buy” and a consensus target price of $258.65.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $28,000. Winnow Wealth LLC purchased a new position in NVIDIA in the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC increased its stake in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the second quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

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.