Debora Shoquist Sells 15,000 Shares of NVIDIA Co. (NASDAQ:NVDA) Stock

NVIDIA Co. (NASDAQ:NVDAGet Free Report) EVP Debora Shoquist sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $1,151.59, for a total transaction of $17,273,850.00. Following the transaction, the executive vice president now directly owns 155,363 shares of the company’s stock, valued at $178,914,477.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NVIDIA Price Performance

NASDAQ:NVDA opened at $1,209.98 on Friday. The stock has a market cap of $2.98 trillion, a P/E ratio of 70.76, a PEG ratio of 1.25 and a beta of 1.70. NVIDIA Co. has a one year low of $373.56 and a one year high of $1,255.87. The company has a fifty day moving average price of $934.81 and a 200 day moving average price of $744.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14.

NVIDIA’s stock is scheduled to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly minted shares will be distributed to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. The company had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The business’s revenue was up 262.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. Analysts anticipate that NVIDIA Co. will post 25.32 earnings per share for the current year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.03%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is 0.94%.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth about $14,606,369,000. International Assets Investment Management LLC raised its stake in shares of NVIDIA by 54,019.5% in the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of NVIDIA by 4.3% in the first quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker’s stock worth $192,761,538,000 after acquiring an additional 8,828,050 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of NVIDIA in the first quarter worth about $4,826,280,000. Finally, Swedbank AB bought a new position in shares of NVIDIA in the first quarter worth about $3,922,733,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NVDA. Benchmark boosted their target price on shares of NVIDIA from $1,000.00 to $1,350.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Raymond James upped their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group upped their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Tigress Financial upped their price target on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company boosted their target price on shares of NVIDIA from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $1,130.20.

Check Out Our Latest Analysis on NVIDIA

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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