Insider Selling: NVIDIA (NASDAQ:NVDA) EVP Sells 80,000 Shares of Stock

NVIDIA Corporation (NASDAQ:NVDA) EVP Debora Shoquist sold 80,000 shares of the stock in a transaction on 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 completion of the sale, the executive vice president directly owned 1,654,443 shares in the company, valued at approximately $305,492,899.95. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NVIDIA Stock Down 0.6%

Shares of NVDA traded down $1.19 during trading hours on Wednesday, hitting $183.78. The company had a trading volume of 161,506,342 shares, compared to its average volume of 224,253,047. The stock has a market capitalization of $4.47 trillion, a price-to-earnings ratio of 45.60, a P/E/G ratio of 0.91 and a beta of 2.29. The firm has a fifty day moving average price of $187.17 and a 200-day moving average price of $173.11. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. 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) last issued its 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 analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVDA. Stifel Nicolaus boosted their price target on NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a report on Monday. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research note on Tuesday. Barclays raised their price target on shares of NVIDIA from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $265.00 price objective (up previously from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $258.65.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Joule Financial LLC lifted its holdings in NVIDIA by 2.2% in the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock worth $431,000 after purchasing an additional 50 shares in the last quarter. Vision Financial Markets LLC raised its position in shares of NVIDIA by 1.2% during the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock valued at $866,000 after buying an additional 53 shares during the last quarter. Websterrogers Financial Advisors LLC lifted its holdings 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. boosted its position in shares of NVIDIA by 1.4% during the third 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 during the last quarter. Finally, Cyr Financial Inc. boosted its position in shares of NVIDIA by 0.7% during the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock worth $1,444,000 after acquiring an additional 54 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Company Profile

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.