NVIDIA Co. (NASDAQ:NVDA) EVP Debora Shoquist Sells 23,084 Shares

NVIDIA Co. (NASDAQ:NVDAGet Rating) EVP Debora Shoquist sold 23,084 shares of NVIDIA stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the completion of the transaction, the executive vice president now owns 139,860 shares in the company, valued at $42,657,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NVIDIA Price Performance

NVDA opened at $311.76 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.73 and a current ratio of 3.52. The company has a 50-day moving average of $275.44 and a 200-day moving average of $215.37. The company has a market capitalization of $771.02 billion, a P/E ratio of 179.17, a PEG ratio of 5.47 and a beta of 1.77. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $318.28.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.02 billion. NVIDIA had a net margin of 16.19% and a return on equity of 26.61%. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. Equities analysts expect that NVIDIA Co. will post 3.26 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 7th. This represents a $0.16 annualized dividend and a yield of 0.05%. NVIDIA’s payout ratio is 9.20%.

Analyst Ratings Changes

A number of research analysts have commented on NVDA shares. Rosenblatt Securities reiterated a “buy” rating and set a $320.00 price objective on shares of NVIDIA in a research note on Wednesday, March 22nd. DZ Bank lowered shares of NVIDIA from a “buy” rating to a “sell” rating and set a $195.00 price target on the stock. in a research report on Thursday, February 16th. Craig Hallum lifted their price target on shares of NVIDIA from $165.00 to $190.00 and gave the stock a “hold” rating in a research note on Thursday, February 23rd. Sanford C. Bernstein lifted their price target on NVIDIA from $265.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, March 28th. Finally, Wells Fargo & Company boosted their target price on NVIDIA from $275.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC lifted its position in shares of NVIDIA by 124.1% in the 4th quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 108 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of NVIDIA in the first quarter worth approximately $28,000. Nordwand Advisors LLC bought a new stake in NVIDIA during the first quarter valued at approximately $28,000. Riggs Asset Managment Co. Inc. lifted its holdings in NVIDIA by 271.2% during the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock valued at $30,000 after purchasing an additional 179 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of NVIDIA in the fourth quarter worth $34,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Company Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.

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