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

by · The Cerbat Gem

NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) 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 sale, the executive vice president owned 1,424,603 shares of the company’s stock, valued at $253,365,643.55. This trade represents a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was 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 traded down $5.91 during trading on Friday, hitting $175.02. The company’s stock had a trading volume of 203,295,695 shares, compared to its average volume of 196,757,856. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.25 trillion, a P/E ratio of 43.43, a price-to-earnings-growth ratio of 0.89 and a beta of 2.29. The firm has a 50 day moving average price of $186.69 and a 200 day moving average price of $173.54.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter last year, the company posted $0.81 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Institutional Investors Weigh In On NVIDIA

Several hedge funds have recently bought and sold shares of the company. Harbor Asset Planning Inc. bought a new position in NVIDIA in the second quarter valued at $28,000. Winnow Wealth LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC grew its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA in the second quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NVDA shares. Wedbush increased their price objective on shares of NVIDIA from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Evercore ISI set a $352.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a research note on Thursday, November 20th. CICC Research raised their price target on NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Finally, Rothschild & Co Redburn upped their target price on shares of NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, November 17th. 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $258.65.

View Our Latest Analysis on NVIDIA

About NVIDIA

(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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