Key Points
- Debora Shoquist, NVIDIA EVP, sold 69,840 shares on Dec. 12 for $12.42M and also sold 80,000 shares on Dec. 11 and 80,000 on Dec. 9 — a total of 229,840 shares (~$41.5M) — leaving her with 1,424,603 shares (a 4.67% reduction, valued at ≈$253.37M).
- NVIDIA posted strong quarterly results (EPS $1.30 vs. $1.23 est.; revenue $57.01B, +62.5% YoY) and retains a MarketBeat consensus "Buy" rating with an average analyst price target of $258.65.
NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) EVP Debora Shoquist sold 69,840 shares of the business's stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $177.85, for a total value of $12,421,044.00. Following the completion of the sale, the executive vice president owned 1,424,603 shares of the company's stock, valued at approximately $253,365,643.55. This represents a 4.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was 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 Price Performance
Shares of NASDAQ:NVDA opened at $175.02 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The stock has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 43.43, a PEG ratio of 0.89 and a beta of 2.29. The company has a 50-day simple moving average of $186.69 and a 200-day simple moving average of $173.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm 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 firm's revenue for the quarter was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. On average, 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. Shareholders of record on Thursday, December 4th will be paid a $0.01 dividend. 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 payout ratio is currently 0.99%.
Institutional Investors Weigh In On NVIDIA
Institutional investors and hedge funds have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL increased its position in shares of NVIDIA by 7.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 19,937 shares of the computer hardware maker's stock valued at $3,720,000 after buying an additional 1,412 shares in the last quarter. Crosspoint Financial LLC grew its stake in NVIDIA by 1.6% in the 3rd quarter. Crosspoint Financial LLC now owns 3,737 shares of the computer hardware maker's stock valued at $697,000 after acquiring an additional 60 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in NVIDIA by 5.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 8,508,387 shares of the computer hardware maker's stock valued at $1,587,495,000 after acquiring an additional 427,202 shares during the last quarter. Steadtrust LLC increased its holdings in NVIDIA by 99.7% during the 3rd quarter. Steadtrust LLC now owns 4,872 shares of the computer hardware maker's stock valued at $909,000 after acquiring an additional 2,432 shares in the last quarter. Finally, Stillwater Wealth Management Group acquired a new position in NVIDIA during the third quarter worth about $5,020,000. Institutional investors and hedge funds own 65.27% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on NVDA. Hsbc Global Res upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 15th. Jefferies Financial Group reissued a "buy" rating and set a $250.00 price target (up from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Citigroup lifted their price objective on NVIDIA from $220.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $180.00 to $215.00 and gave the stock a "hold" rating in a research report on Thursday, November 20th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $265.00 price target (up from $220.00) on shares of NVIDIA in a report on Friday, November 14th. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $258.65.
View Our Latest Stock Report on NVDA
NVIDIA Company Profile
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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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