Debora Shoquist Sells 80,000 Shares of NVIDIA (NASDAQ:NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA) EVP Debora Shoquist sold 80,000 shares of NVIDIA stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $178.90, for a total transaction of $14,312,000.00. Following the transaction, the executive vice president owned 1,494,443 shares in the company, valued at approximately $267,355,852.70. The trade was a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, December 12th, Debora Shoquist sold 69,840 shares of NVIDIA stock. The shares were sold at an average price of $177.85, for a total value of $12,421,044.00.
• 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 Down 3.3%

NASDAQ:NVDA opened at $175.02 on Friday. The business’s fifty day moving average price is $186.69 and its 200 day moving average price is $173.81. The firm 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 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 1-year low of $86.62 and a 1-year high of $212.19.

NVIDIA (NASDAQ:NVDA) last released 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. The company had revenue of $57.01 billion for 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 for the quarter was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently added to or reduced their stakes in NVDA. Joule Financial LLC lifted its position in shares of NVIDIA by 2.2% during the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock worth $431,000 after purchasing an additional 50 shares during the last quarter. Vision Financial Markets LLC lifted its holdings in shares of NVIDIA by 1.2% during the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after buying an additional 53 shares during the last quarter. Websterrogers Financial Advisors LLC boosted its position in shares of NVIDIA by 2.6% in the third quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock valued at $395,000 after acquiring an additional 54 shares during the period. IMG Wealth Management Inc. grew its stake in shares of NVIDIA by 1.4% in the third quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock worth $713,000 after acquiring an additional 54 shares during the last quarter. Finally, Cyr Financial Inc. increased its position in NVIDIA by 0.7% during the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock worth $1,444,000 after acquiring an additional 54 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Daiwa Capital Markets boosted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Morgan Stanley boosted their target price on NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. DZ Bank reaffirmed a “buy” rating on shares of NVIDIA in a research note on Thursday, November 20th. Mizuho lifted their price target on NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Craig Hallum increased their price objective on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus target price of $258.65.

About NVIDIA

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.