Insider Selling: NVIDIA (NASDAQ:NVDA) EVP Sells $12,421,044.00 in Stock

NVIDIA Corporation (NASDAQ:NVDA) EVP Debora Shoquist sold 69,840 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $177.85, for a total value of $12,421,044.00. Following the completion of the transaction, the executive vice president owned 1,424,603 shares of the company’s stock, valued at approximately $253,365,643.55. The trade was a 4.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 stock was sold at an average price of $184.65, for a total transaction of $14,772,000.00.

NVIDIA Stock Down 3.3%

NVDA stock opened at $175.02 on Monday. The firm’s fifty day simple moving average is $186.69 and its 200-day simple moving average is $174.09. The company has a market capitalization of $4.25 trillion, a P/E ratio of 43.43, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19.

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. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter last year, the company posted $0.81 earnings per share. The firm’s revenue was up 62.5% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NVDA shares. Needham & Company LLC reiterated a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 target price on shares of NVIDIA in a report on Thursday, November 20th. Robert W. Baird set a $275.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a report on Thursday, November 20th. Argus restated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Stifel Nicolaus upped their price objective on shares of NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Four research 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $258.65.

Institutional Trading of NVIDIA

Institutional investors have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL increased its position in shares of NVIDIA by 7.6% during the third quarter. Strategic Investment Solutions Inc. IL now owns 19,937 shares of the computer hardware maker’s stock worth $3,720,000 after purchasing an additional 1,412 shares in the last quarter. Crosspoint Financial LLC boosted its stake in NVIDIA by 1.6% during the 3rd quarter. Crosspoint Financial LLC now owns 3,737 shares of the computer hardware maker’s stock worth $697,000 after purchasing an additional 60 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in NVIDIA by 5.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 8,508,387 shares of the computer hardware maker’s stock worth $1,587,495,000 after purchasing an additional 427,202 shares during the last quarter. Steadtrust LLC grew its holdings in shares of NVIDIA by 99.7% during the third quarter. Steadtrust LLC now owns 4,872 shares of the computer hardware maker’s stock worth $909,000 after buying an additional 2,432 shares in the last quarter. Finally, Stillwater Wealth Management Group acquired a new stake in shares of NVIDIA in the third quarter valued at about $5,020,000. 65.27% of the stock is owned by institutional investors and hedge funds.

About NVIDIA

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.