Key Points
- NVIDIA EVP Debora Shoquist sold 80,000 shares on Dec. 9 at an average price of $184.65 for about $14.77 million, trimming her stake by 4.61% to 1,654,443 shares (≈$305.49M).
- NVIDIA beat quarterly expectations on Nov. 19 with EPS of $1.30 (vs. $1.23 est.) and revenue of $57.01 billion, up 62.5% year-over-year and showing a 53.01% net margin.
- Wall Street remains bullish: the consensus rating is "Buy" with an average price target of $258.65, and several firms recently raised targets into the $250 range.
NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) EVP Debora Shoquist sold 80,000 shares of the business's stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total value of $14,772,000.00. Following the transaction, the executive vice president directly owned 1,654,443 shares of the company's stock, valued at approximately $305,492,899.95. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
NVIDIA Stock Down 0.6%
NVDA stock opened at $183.78 on Thursday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a fifty day moving average price of $187.10 and a 200 day moving average price of $173.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The company has a market cap of $4.47 trillion, a price-to-earnings ratio of 45.60, a price-to-earnings-growth ratio of 0.91 and a beta of 2.29.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently declared 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 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is 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 boosted its holdings in shares of NVIDIA by 2.2% in the third quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker's stock worth $431,000 after buying an additional 50 shares during the last quarter. Vision Financial Markets LLC increased its holdings in NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker's stock valued at $866,000 after acquiring an additional 53 shares during the last quarter. Websterrogers Financial Advisors LLC lifted 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 worth $395,000 after buying an additional 54 shares in the last quarter. IMG Wealth Management Inc. raised its holdings in shares of NVIDIA by 1.4% during the 3rd 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 in the last quarter. Finally, Cyr Financial Inc. lifted 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 valued at $1,444,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 65.27% of the company's stock.
Wall Street Analysts Forecast Growth
NVDA has been the topic of several analyst reports. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Truist Financial raised their price target on shares of NVIDIA from $228.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price target on NVIDIA from $215.00 to $250.00 and gave the company an "overweight" rating in a research note on Thursday, November 20th. Benchmark lifted their target price on shares of NVIDIA from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, November 20th. Finally, Morgan Stanley raised their target price on NVIDIA from $235.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, December 1st. Four 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 company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $258.65.
Read Our Latest Stock Analysis on NVDA
NVIDIA Company Profile
(
Get Free Report)
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.
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